Securitize | Crypto

Securitize and BNY Mellon are bringing AAA-rated collateralized loan obligations onchain, with Grove planning a $100M anchor as institutional demand for tokenized assets grows. Securitize, a real-world asset tokenization platform, has unveiled a tokenized fund designed to give investors access to AAA-rated collateralized loan obligations onchain. The fund is being developed in partnership with global investment bank BNY Mellon. According to Wednesday’s announcement, BNY will safeguard the fund’s underlying assets, while a subsidiary of the bank will manage the fund’s portfolio. With global collateralized loan obligation issuance topping $1.3 trillion, Securitize and BNY aim to bring AAA-rated floating-rate credit onchain, the company said. Read more

BlackRock-backed tokenization company Securitize is going public via a $1.25 billion SPAC merger with a Cantor Fitzgerald affiliate to list on Nasdaq. BlackRock-backed real-world assets (RWA) tokenization company Securitize is going public through a merger with a special-purpose acquisition company (SPAC) at a $1.25 billion pre-money valuation. According to a Tuesday announcement, Securitize is merging with Cantor Equity Partners II, Inc. — a blank-check company sponsored by an affiliate of financial services firm Cantor Fitzgerald — to be listed on Nasdaq. The company’s co-founder and CEO, Carlos Domingo, said the company was founded “to democratize capital markets by making them more accessible, transparent, and efficient through tokenization.” Domingo said the next step is to make “financial markets operate at the speed of the internet.” Cantor Fitzgerald Chairman and CEO Howard Lutnick, who also chairs Cantor Equity Partners II, said blockchain technology has “massive potential to transform finance.” Read...

The reported potential merger could make Securitize one of the first major tokenization companies to go public, signaling rising Wall Street demand for onchain finance. 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 reported 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. Read more

Ethena Labs submitted a proposal on Sept. 9 to become the issuer of Hyperliquid’s native stablecoin USDH, joining an increasingly competitive race. The bid consists of backing USDH entirely by USDtb, a stablecoin backed by BlackRock’s BUIDL fund, with the support of Anchorage Digital. Ethena is committed to returning 95% of net revenue generated from […] The post Ethena enters USDH race supported by BlackRock BUIDL, Anchorage, Securitize appeared first on CryptoSlate.

Twenty One Capital, Securitize, aZen, Savea and Dexari headline a less active month for crypto venture capital. May was a quieter month for crypto venture capital, but notable raises by tokenization platforms and a Hyperliquid wallet indicate that dealmaking remains active.  Perhaps the biggest development was the ongoing momentum for Twenty One Capital, the Bitcoin (BTC) treasury company backed by stablecoin issuer Tether, crypto exchange Bitfinex and Wall Street firm Cantor Fitzgerald. The company’s total funding reached $685 million after its backers exercised the option to purchase additional convertible bonds last month.  The backers of Twenty One Capital have exercised the option to purchase an additional $100 million of convertible senior secured notes, bringing the Bitcoin treasury company’s total funding to $685 million.  Read more