Securitize tokenizes $295 million of its own stock on Solana and Avalanche amid NYSE debut
Securitize is bridging traditional finance and blockchain by debuting shares on both the NYSE and onchain via Solana and Avalanche.
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The brief
Securitize has tokenized $295 million of its own stock on the Solana and Avalanche blockchains. This move coincides with the company's debut on the New York Stock Exchange (NYSE) following a business combination with Cantor Equity Partners II.
Coverage from CoinDesk, The Block, and Bloomberg emphasizes Securitize's position as the first to debut shares on both the NYSE and onchain. PR Newswire reports that the business combination is expected to raise approximately $400 million in gross proceeds.
Future developments include the expected closing of the business combination and the company's continued involvement in the Wall Street tokenization wave.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 1d ago.
Quick answers
Which blockchains are being used for the tokenized stock?
The stock is tokenized on Solana and Avalanche.
How much stock was tokenized?
Securitize tokenized $295 million of its own stock.
What are the expected gross proceeds from the business combination?
The combination with Cantor Equity Partners II is expected to raise approximately $400 million.
Coverage (6)
- Securitize heads to NYSE debut after investors approve SPAC merger; CEPT gains 20% CoinDesk · 2d ago broke it first
- The Crypto Market News That Wall Street Missed as Pepeto Presale Grows While BNB and XRP Hold openPR.com · 2d ago
- Securitize and Cantor Equity Partners II Business Combination Expected to Raise Approximately $400 million in Gross Proceeds and Announce Expected Closing of Business Combination and NYSE Listing PR Newswire · 2d ago
- BlackRock Partner Securitize Rides Wall Street Tokenization Wave Bloomberg.com · 2d ago
- Securitize becomes first to debut shares on NYSE and onchain, but it won't be the last The Block · 2d ago
- Securitize tokenizes $295 million of its own stock on Solana and Avalanche amid NYSE debut CoinDesk · 2d ago broke it first
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