Securitize (SECZ) eyes acquisitions with $400 million war chest after going public
ReadSecuritize (SECZ) plans to use its newly-strengthened balance sheet to pursue acquisitions to expand its tokenization business following its public listing, CEO Carlos Domingo told CoinDesk in an interview."One of the things we're going to be looking at is acquisitions because we obviously don't need $400 million to run the company," Domingo said. "We're going to have a very strong balance sheet."The company, which began trading on the New York Stock Exchange on Thursday after completing its SPAC merger with Cantor Equity Partners II, raised more than $400 million and retained roughly 70% of the SPAC trust, giving it fresh capital to fund its next phase of growth.Securitize has emerged as one of the largest infrastructure providers for the tokenization market, helping asset managers issue traditional securities on blockchain rails. Founded in 2017, the company provides issuance, transfer agency and fund administration services for tokenized securities, with clients including BlackRock, Apollo, KKR, Hamilton Lane and VanEck.The firm has issued roughly $4.4 billion in tokenized assets, including BlackRock's $2.2 billion tokenized U.S. Treasury money market fund BUIDL and nearly $300 million of tokenized Securitize shares, making it the largest tokenized asset issuer, according to RWA.xyz.
