Securitize's SPAC: A $1B Step Toward Mainstream Tokenization Adoption

Securitize, a blockchain firm specializing in the tokenization of real-world assets, is reportedly in advanced negotiations to go public via a merger with Cantor Equity Partners II Inc., a special-purpose acquisition company (SPAC) controlled by Cantor Fitzgerald LP. According to sources familiar with the matter, the deal could value the company at over $1 billion, though discussions remain ongoing, and Securitize may still opt to remain private Tokenization Firm Securitize Is Said in Talks With Cantor SPAC^[1]. The potential transaction would mark one of the first major tokenization platforms to enter public markets, reflecting growing institutional interest in blockchain-based financial infrastructure.

The SPAC route allows private companies to bypass traditional IPO processes by merging with a publicly traded shell entity, enabling quicker access to capital and liquidity. Securitize, which has raised $47 million in a funding round led by BlackRock in May 2024, is registered with the U.S. Securities and Exchange Commission as a transfer agent and operates under licenses in parts of Europe and Japan Real-Time Crypto News Feed | 24/7 Flash News | Phemex^[3]. The company has previously collaborated with major institutions on tokenized products, including BlackRock's tokenized U.S. Treasury fund.

Industry data indicates that over $33 billion in real-world assets (RWAs), such as private credit and U.S. Treasuries, have been tokenized to date, underscoring demand for blockchain solutions to enhance settlement efficiency, transparency, and fractional ownership Securitize in Talks for Possible SPAC With Cantor Fitzgerald, May Signal Rising USDC-Linked On-Chain Finance Demand^[2]. Institutional players, including BNY Mellon, are also exploring tokenized deposits, while S&P Global's Digital Markets 50 Index highlights the expanding scope of crypto-linked equities.

The proposed merger aligns with a broader trend of crypto-related firms pursuing public listings through SPACs. Examples include Bakkt (via VPC Impact Acquisition Holdings) and Core Scientific (via Power & Digital Infrastructure Acquisition Corp.), though some deals, like Circle's 2021 SPAC attempt, have faced termination. Recent years have seen renewed appetite for crypto equities, with companies such as Circle, Figure Technology, and Gemini going public in 2025.

A successful Securitize SPAC merger would likely accelerate mainstream adoption of tokenized RWAs by providing public-market visibility and regulatory scrutiny. However, risks remain, including regulatory uncertainty, custody challenges, and operational security concerns for tokenization platforms Securitize in Talks for Possible SPAC With Cantor Fitzgerald, May Signal Rising USDC-Linked On-Chain Finance Demand^[2]. Investors are advised to monitor developments in regulatory readiness and partner ecosystems as key indicators of the sector's growth trajectory.