According to Huoxing Finance, asset tokenization platform Securitize is advancing a business combination with Cantor Equity Partners II (CEPT), a Nasdaq-listed SPAC, with plans to list on Nasdaq through this transaction. Securitize’s founder and CEO, Carlos Domingo, stated that the company has already achieved profitability in asset tokenization through partnerships with multiple financial institutions and intends to leverage the SPAC transaction to accelerate expansion, enabling the issuance and trading of a broader range of assets as digital tokens beyond stablecoins.
Securitize to Go Public via SPAC Merger with CEPT
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Summary
In digital asset news, the asset tokenization platform Securitize is advancing with a merger agreement with Nasdaq-listed SPAC Cantor Equity Partners II (CEPT). CEO Carlos Domingo stated that the company has become profitable through partnerships with financial institutions and plans to use the SPAC to expand. The company aims to tokenize and trade a broader range of assets on-chain beyond stablecoins.
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