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Securitize tokenizes $295 million of its own stock on Solana and Avalanche amid NYSE debut

Securitize is set to debut on the NYSE while concurrently tokenizing $295 million of its stock on the Solana and Avalanche blockchains.

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📍 How it ended

Securitize completed its business combination and listing on the NYSE after investors approved the SPAC merger. The company became the first to debut shares on the exchange and onchain by tokenizing $295 million of its own stock on Solana and Avalanche.

The merger was expected to raise approximately $400 million in gross proceeds.

Epilogue added 43d ago, after coverage quieted.

The brief

Securitize is moving toward a public listing on the New York Stock Exchange following the approval of a SPAC merger with Cantor Equity Partners II. As part of this transition, the company has tokenized $295 million of its own shares, utilizing the Solana and Avalanche networks. The business combination is projected to generate approximately $400 million in gross proceeds.

Coverage from outlets including The Block, Bloomberg, and CoinDesk highlights the dual nature of this debut, noting its status as a significant moment for the tokenization of traditional assets on Wall Street. Reporting from PR Newswire and Refresh Miami confirms the merger approval and the broader implications for the firm's transition to a public entity.

Future developments hinge on the finalization of the business combination. Coverage does not yet specify the exact date for the completion of the NYSE listing or how the onchain tokenization will interact with traditional trading volumes once public shares begin circulating.

Synthesized by PULSE from the headlines below under a strict no-invention contract. Updated 43d ago.

Quick answers

What is the expected value of the business combination?

The merger with Cantor Equity Partners II is expected to raise approximately $400 million in gross proceeds.

Which blockchains are involved in the tokenization?

Securitize is using the Solana and Avalanche networks to tokenize $295 million of its stock.

What exchange is Securitize debuting on?

The company is debuting on the New York Stock Exchange (NYSE).

Coverage (7)

Topics

Securitize NYSE Solana Avalanche Tokenization SPAC

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