Carlos Domingo, chief govt officer of Securitize Inc., speaks through the Messari Mainnet summit in New York, US, on Thursday, Sept. 21, 2023. Photographer: Michael Nagle/Bloomberg by way of Getty Photos
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Securitize, the “actual world property” platform that powers BlackRock’s tokenized cash market fund, will go public by way of a merger with a particular function acquisition firm, CEO Carlos Domingo advised CNBC in an unique interview.
The fintech agency will merge with Cantor Fairness Companions II, Inc., a blank-check firm sponsored by an affiliate of Cantor Fitzgerald that trades beneath the CEPT ticker. The deal values Securitize’s enterprise at $1.25 billion in pre-money fairness.
“Tokenization is what everyone’s speaking about … however there’s no one publicly traded that does it,” Domingo advised CNBC. “We are going to do effectively within the public market as a result of folks wish to index themselves to tokenization the identical manner that persons are shopping for Circle as a result of they wish to index themselves to stablecoins.”
Tokenization refers back to the registration of possession rights to real-world property akin to shares, bonds or gold on a blockchain. The method allows extra clear and around-the-clock buying and selling versus conventional strategies, based on its proponents — amongst whom are Robinhood Markets CEO Vlad Tenev and BlackRock CEO Larry Fink.
Following the merger, the mixed entity Securitize Corp.’s inventory will commerce on the Nasdaq beneath the ticker image SECZ. Shares may start buying and selling on the change as quickly as January, based on Domingo.
The corporate will ebook $465 million in gross proceeds from the deal. That features $225 million from personal buyers together with Borderless Capital and Hanwha Funding, and $240 million within the SPAC’s belief account, assuming no redemptions.
RWA tokenization takes off
The deal comes as tokenized RWAs growth. The mixed market worth of tokenized U.S. Treasurys has climbed to roughly $8.6 billion as of writing time, up greater than 200% over the previous yr, based on information supplier RWA.xyz.
The RWA tokenization market as an entire has ballooned 135% over the previous yr and is now value $35 billion, the information exhibits. Citi analysts see huge progress for the tokenized RWA market, saying it may develop to virtually $4 trillion by 2030.
That positions Securitize — which Domingo says has been worthwhile in latest quarters — to leap into the fray of corporations aiming to capitalize on rising demand for digital property. Earlier this yr, Circle debuted on the New York Inventory Change, elevating about $1.1 billion in its blockbuster IPO. Cryptocurrency exchanges Gemini and Bullish additionally went public earlier in 2025.
Tapping public markets will create winners and losers because the digital asset house continues to develop and mature, Domingo added.
“The crypto trade must consolidate,” he stated. “In case you’re publicly traded and you’ve got entry to inventory capital markets in addition to money, you might be on the aspect that’s consolidating and never be consolidated by any individual else.”
‘A greater ledger’
Based in 2017, Securitize has facilitated a number of massive monetary corporations’ first forays into tokenized funds.
In March 2024, BlackRock launched its USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum blockchain in partnership with Securitize, enabling certified buyers to digitally maintain U.S. Treasurys and earn yield. The agency has additionally tokenized greater than $4 billion in property by way of partnerships with Apollo, Hamilton Lane, KKR and VanEck on their tokenized funds.
Securitize is the biggest tokenization platform, dominating 20% of the RWA tokenization market, per RWA.xyz.
The corporate plans to additionally digitize its personal fairness, a transfer designed to show how the general public firm course of and buying and selling can transfer on-chain, Domingo advised CNBC. The chief sees a future by which all the things is introduced on-chain.
“There’s $400 trillion on the market of property that would doubtlessly be tokenized,” Domingo stated. “It is an improve … throughout the subsequent 5 to 10 years, you will note all the things might be on-chain, as a result of it is only a higher ledger.”