BlackRock-backed tokenization company Securitize is going public via a $1.25 billion SPAC merger with a Cantor Fitzgerald affiliate to list on Nasdaq. BlackRock-backed real-world assets (RWA) tokenization company Securitize is going public through a merger with a special-purpose acquisition company (SPAC) at a $1.25 billion pre-money valuation.According to a Tuesday announcement, Securitize is merging with Cantor Equity Partners II, Inc. — a blank-check company sponsored by an affiliate of financial services firm Cantor Fitzgerald — to be listed on Nasdaq. The company’s co-founder and CEO, Carlos Domingo, said the company was founded “to democratize capital markets by making them more accessible, transparent, and efficient through tokenization.”Domingo said the next step is to make “financial markets operate at the speed of the internet.” Cantor Fitzgerald Chairman and CEO Howard Lutnick, who also chairs Cantor Equity Partners II, said blockchain technology has “massive potential to transform finance.”Read more BlackRock-backed tokenization company Securitize is going public via a $1.25 billion SPAC merger with a Cantor Fitzgerald affiliate to list on Nasdaq. BlackRock-backed real-world assets (RWA) tokenization company Securitize is going public through a merger with a special-purpose acquisition company (SPAC) at a $1.25 billion pre-money valuation.According to a Tuesday announcement, Securitize is merging with Cantor Equity Partners II, Inc. — a blank-check company sponsored by an affiliate of financial services firm Cantor Fitzgerald — to be listed on Nasdaq. The company’s co-founder and CEO, Carlos Domingo, said the company was founded “to democratize capital markets by making them more accessible, transparent, and efficient through tokenization.”Domingo said the next step is to make “financial markets operate at the speed of the internet.” Cantor Fitzgerald Chairman and CEO Howard Lutnick, who also chairs Cantor Equity Partners II, said blockchain technology has “massive potential to transform finance.”Read more