Securitize, backed by BlackRock, to become public through SPAC merger

Securitize is merging with Cantor Equity Partners II Inc., enabling the company to go public. The merger is valued at 1.25 billion USD, aiming to attract about 465 million USD in capital upon completion.

Through their collaboration, BlackRock is expanding into tokenized funds and launching a tokenized Treasury fund that is accepted as collateral on several crypto platforms, broadening market accessibility.