Tokenization Giant Securitize to Go Public via $1.25 Billion SPAC Deal
Tokenization Giant Securitize to Go Public via $1.25 Billion SPAC Deal
Securitize, a prominent firm in the tokenization space, is poised to go public through a $1.25 billion SPAC deal. The combined entity will list its shares on Nasdaq under the ticker symbol SECZ, with plans also to tokenize its own equity.
Securitize Set for Public Listing, Plans Equity Tokenization
In a significant move for the tokenization sector, Securitize, a leading platform for digital asset securities, has announced its intention to go public via a Special Purpose Acquisition Company (SPAC) merger. The deal values the combined firm at $1.25 billion. Upon completion, the company's shares are expected to commence trading on the Nasdaq stock exchange under the ticker symbol SECZ. Demonstrating its commitment to the underlying technology, Securitize also revealed plans to tokenize its own equity, marking a notable step in the intersection of traditional capital markets and blockchain innovation.