Wall Street's Next Tokenization Test: BlackRock-Backed Securitize's Market Debut

Whether Wall Street's interest in tokenization translates into demand for companies closely tied to the technology is set to be tested next week alongside Securitize's expected debut.

The BlackRock-backed firm, which specializes in digital representations of real-world assets, announced plans to trade on the New York Stock Exchange under the ticker symbol "SECZ," following the completion of a merger with a Cantor Fitzgerald-backed blank-check firm.

The transaction's realization inched closer this week when investors owning less than 30% of Cantor Equity Partners II's common shares elected to redeem their holdings in the SPAC. As a result, Securitize expects to receive roughly $400 million in proceeds from the combination and related private financing ahead of the deal's closing.

Securitize's public debut, coming eight years after the firm was established, marks a pivotal milestone for tokenization, underscoring the technology's shift from abstract market plumbing to an emerging bedrock for modern finance, according to CEO Carlos Domingo.

"The idea that major institutions would embrace tokenized securities was still largely theoretical," he said. "Today, tokenization is moving i

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/wall-streets-next-tokenization-test-204744459.html)