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BlackRock-Backed Securitize Eyes Nasdaq Listing at $1.25 Billion Valuation Via SPAC Deal

Securitize plans to go public by combining with Cantor Equity Partners II, in an SPAC deal valuing the BlackRock-backed tokenization firm at 1.25billion,accordingtoanannouncementonTuesday.ThecompanyscommonstockwilltradeontheNasdaqunderthetickersymbolSECZoncethetransactioniscompleted,Securitizesaid.Thefirmwillalsoissuedigitalrepresentationsofitsstockonablockchain,thecompanyadded.Securitizeexpectsupto1.25 billion, according to an announcement on Tuesday. The company’s common stock will trade on the Nasdaq under the ticker symbol “SECZ” once the transaction is completed, Securitize said. The firm will also issue digital representations of its stock on a blockchain, the company added. Securitize expects up to 469 million in proceeds from the proposed merger, which ...