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Securitize, the tokenization platform behind several major blockchain-based investment products, including BlackRock’s tokenized US Treasury fund, is reportedly in talks with Cantor Fitzgerald to go public via a Special Purpose Acquisition Company (SPAC).
Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-10-10/tokenization-firm-securitize-is-said-in-talks-with-cantor-spac" rel="noopener noreferrer nofollow" target="_blank">reported</a> Friday, citing anonymous sources, that Securitize is in discussions to merge with Cantor Equity Partners II Inc., 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.
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 Source: <a href="https://x.com/business/status/1976681744305623314" rel="noopener noreferrer nofollow" target="https://x.com/business/status/1976681744305623314">Bloomberg</a>
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A SPAC is a publicly traded shell entity that raises capital with the aim of acquiring a private company. Once the merger is complete, the private company becomes public without going through the traditional, and typically lengthier, initial public offering (IPO) process.
Several crypto-focused companies have pursued this route in recent years, including <a href="https://cointelegraph.com/news/bakkt-crypto-exchange-to-debut-on-stock-markets-through-spac" rel="noopener noreferrer nofollow">Bakkt via VPC Impact Acquisition Holdings</a> and <a href="https://cointelegraph.com/news/us-bitcoin-mining-giant-core-scientific-set-for-nasdaq-listing-via-4-3b-spac-deal" rel="noopener noreferrer nofollow">Core Scientific via Power &amp; Digital Infrastructure Acquisition Corp</a>. Core was later acquired by CoreWeave for $9 billion.
Circle, the issuer of the USDC (<a href="/usdc-price-index" rel="noopener noreferrer">USDC</a>) stablecoin, announced a planned SPAC merger with Concord Acquisition Corp in 2021, though <a href="https://cointelegraph.com/news/usdc-issuer-circle-terminates-spac-merger-with-concord" rel="noopener noreferrer nofollow">that deal was later terminated</a>. Circle went public earlier this year <a href="https://cointelegraph.com/news/circle-stock-price-jumps-167-in-first-day-of-trading-after-ipo" rel="noopener noreferrer nofollow">with a blockbuster debut</a>.&nbsp;
The talks come amid a resurgence of public listings in the digital-asset sector. In 2025 alone, companies such as Circle, Figure Technology, Gemini and Bullish have gone public, underscoring renewed institutional appetite for crypto-related equities.
Securitize has been active on the fundraising front as well. In May 2024, <a href="https://cointelegraph.com/news/securitize-blackrock-47m-funding-round" rel="noopener noreferrer nofollow">the company raised $47 million</a> in a funding round led by BlackRock, with additional participation from Paxos, Aptos Labs and Circle.&nbsp;
Related: <a href="https://cointelegraph.com/news/wall-street-crypto-play-ipo-crypto-firms-not-altcoins" rel="noopener noreferrer nofollow">Wall Street’s next crypto play may be IPO-ready crypto firms, not altcoins</a>
<h2 id="spac-talks-underscore-growing-institutional-momentum-behind-tokenized-rwas">SPAC talks underscore growing institutional momentum behind tokenized RWAs</h2>
News of a potential SPAC involving one of the tokenization market’s biggest players underscores the accelerating interest in onchain finance.&nbsp;
According to industry data from RWA.xyz, more than $33 billion in real-world assets (RWAs) have been tokenized on public and private blockchains, with <a href="https://cointelegraph.com/news/private-credit-powers-24b-tokenization-market-ethereum-still-dominates-redstone" rel="noopener noreferrer nofollow" target="_self">private credit and US Treasury bonds</a> leading the early adoption trend.
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 <img src="https://s3.cointelegraph.com/uploads/2025-10/0199cf05-9cfd-7eea-808d-d058933588b6" title="" alt="Securitize in talks to go public via Cantor’s blank-check firm: Report">
 <figcaption style="text-align: center;">
 Total value of tokenized real-world assets across major sectors, including private credit, US Treasurys, equities, corporate bonds and non-US government debt. Source: <a href="https://app.rwa.xyz/" rel="noopener noreferrer nofollow" target="https://app.rwa.xyz/">RWA.xyz</a>
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At the same time, several major financial institutions are deepening their involvement in tokenization. BNY Mellon, one of the world’s largest custodians, recently announced that it is <a href="https://cointelegraph.com/news/bny-tokenized-deposits-blockchain-payments" rel="noopener noreferrer nofollow">exploring tokenized deposits</a> to enable clients to transfer funds instantly.&nbsp;
Earlier this year, the bank <a href="https://cointelegraph.com/news/goldman-bny-tokenized-money-market-funds-launch" rel="noopener noreferrer nofollow">partnered with Goldman Sachs</a> to offer tokenized money market funds that use blockchain to track ownership and settlement.
Meanwhile, S&amp;P Global announced earlier this week that it is launching the <a href="https://cointelegraph.com/news/sp-digital-markets-50-index-cryptos-blockchain-stocks" rel="noopener noreferrer nofollow">Digital Markets 50 Index</a>, designed to track the performance of 15 cryptocurrencies and 35 blockchain-linked equities. The index is being developed in partnership with tokenization firm Dinari, which said it plans to offer a tokenized version of the index later this year.
Magazine: <a href="https://cointelegraph.com/magazine/rwa-hail-mary-china-thai-big-secret-crypto-hack-asia-express/" rel="noopener noreferrer nofollow">Thailand’s ‘Big Secret’ crypto hack, Chinese developer’s RWA tokens: Asia Express</a>

Securitize in talks to go public via Cantor’s blank-check firm: Report

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