Actual-world asset tokenization platform Securitize is one step nearer to going public through a particular acquisition firm (SPAC) merger, after one in every of its filings was accepted by the US Securities and Alternate Fee.
The regulator accepted the Kind S-4 registration assertion from Cantor Fairness Companions II, a publicly traded particular objective acquisition firm (SPAC) sponsored by an affiliate of Cantor Fitzgerald, and Securitize on Friday.
Carlos Domingo, co-founder and CEO of Securitize, said the transfer marks “one other essential milestone for Securitize and for the broader institutional adoption of tokenization.”
Shareholders are set to vote on June 29, and if accepted, the combined company will listing on the New York Inventory Alternate as Securitize Corp, or “SECZ,” giving buyers entry to one of many largest real-world asset tokenization corporations on the earth.
Securitize has $4 billion in property beneath administration and affords tokenized funds in partnership with main asset managers, together with Apollo, BlackRock, BNY, VanEck and others. The agency reported a first-quarter income of $19.5 million, up 39% from the prior-year interval.
The NYSE signed a memorandum of understanding with Securitize in March as a part of a broader effort to develop blockchain-based inventory buying and selling infrastructure for Wall Avenue.
Securitize is the most important tokenization platform by market share. Supply: RWA.xyz
Tokenized RWA onchain worth up 220% in 12 months
Tokenized real-world property corresponding to equities and US Treasuries have seen robust momentum not too long ago, regardless of the broader crypto bear market.
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Complete RWA worth on-chain hit a file excessive of $32 billion in Could, excluding stablecoins, following a rise of round 220% over the earlier 12 months.
Nearly half of the property on-chain are tokenized US Treasuries, whereas round 16% are tokenized commodities, according to RWA.xyz. Tokenized stocks symbolize a small market share with simply 4.8% or $1.5 billion.
Ethereum and layer-2 networks stay the market leaders for tokenization, with greater than 60% dominance mixed.
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