Securitize, the tokenization platform behind several major blockchain-based investment products, including BlackRock’s tokenized U.S. Treasury fund, is reportedly in talks with Cantor Fitzgerald to go public through a special acquisition purpose company (SPAC).
Bloomberg reported Friday, citing unnamed sources, that Securitize is in merger talks with Cantor Equity Partners II, a blank check firm backed by Cantor Fitzgerald. The deal could value Securitize at more than $1 billion, the report said.
Securitize did not immediately respond to Cointelegraph’s request for comment.
sauce: bloomberg
A SPAC is a publicly traded paper entity that raises capital for the purpose of acquiring privately held companies. Once the merger is complete, the private company goes public without going through the traditional, typically longer initial public offering (IPO) process.
Several crypto-focused companies have pursued this route in recent years, including Bakkt via VPC Impact Acquisition Holdings and Core Scientific via Power & Digital Infrastructure Acquisition Corp. Core was later acquired by CoreWeave for $9 billion.
Circle, the issuer of the USDC (USDC) stablecoin, announced plans for a SPAC merger with Concord Acquisition Corp in 2021, but that deal later closed. Circle went public earlier this year and had a blockbuster debut.
The talks come amid a resurgence of listings in the digital asset sector. In 2025 alone, companies such as Circle, Figure Technology, Gemini, and Bullish went public, highlighting a renewed interest among institutional investors in cryptocurrency-related stocks.
Securitize is also actively working on raising funds. In May 2024, the company raised $47 million in a funding round led by BlackRock, with additional participation from Paxos, Aptos Labs, and Circle.
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SPAC talks highlight growing institutional momentum behind tokenized RWA
News of a potential SPAC involving one of the biggest players in the tokenization market highlights the accelerating interest in on-chain finance.
According to industry data from RWA.xyz, more than $33 billion of real world assets (RWA) have been tokenized on public and private blockchains, with private credit and U.S. government bonds leading the trend for early adopters.
The total amount of tokenized real-world assets across key sectors, including private credit, US Treasuries, equities, corporate bonds, and non-US government bonds. sauce: RWA.xyz
At the same time, several large financial institutions are deepening their involvement in tokenization. BNY Mellon, one of the world’s largest custodians, recently announced that it is considering tokenized deposits to allow customers to transfer funds instantly.
Earlier this year, the bank partnered with Goldman Sachs to offer a tokenized money market fund that uses blockchain to track ownership and settlement.
Meanwhile, S&P Global announced earlier this week that it would launch the Digital Market 50 Index, designed to track the performance of 15 cryptocurrencies and 35 blockchain-related stocks. The index was developed in partnership with tokenization company Dinari, which said it plans to offer a tokenized version of the index later this year.
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