Securitize goes public on Nasdaq through SPAC merger... Stocks are also tokenized.

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Image: Shutterstock [Photo: Shutterstock]

The security token platform Securitize is reported to be pushing for a NASDAQ listing through the merger with SPAC(SPAC) on the 28th, according to local time.

This merger is being conducted with Cantor Equity Partners II(CEPT), and the enterprise value of Securitize is estimated at $1.25 billion. After listing, the ticker will be 'SECZ'.

Securitize plans to tokenize its shares based on blockchain with this listing. This will allow investors to hold and trade shares as digital assets.

Existing investors such as Ark Invest, BlackRock, and Morgan Stanley Investment Management are expected to maintain their holdings.

Securitize has issued $4.5 billion worth of securities on-chain to date and has partnered with BlackRock, Apollo, VanEck, and others to register private equity funds, bonds, and real estate assets on the blockchain.

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