Securitize plans to go public in the U.S. through a SPAC, with a pre-transaction valuation of $1.25 billion.

According to a report by The Block on October 29, Deep Tide TechFlow announced that tokenization service provider Securitize plans to go public in the United States through a special purpose acquisition company (SPAC), with a pre-listing equity valuation of $1.25 billion. The SPAC is initiated by an affiliate of Cantor Fitzgerald.

The merged company will be renamed Securitize Corp., listed on the NASDAQ under the stock code SECZ, and plans to tokenize its own equity. Founded in 2017, Securitize has become the preferred partner for traditional financial institutions entering the tokenization space, with clients including Apollo and VanEck.

As part of the listing process, Securitize plans to raise a total of $469 million, including $225 million in private equity investment (PIPE). Existing shareholders such as ARK Invest, BlackRock, and Blockchain Capital will transfer 100% of their equity to the merged company.