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BlackRock partner Securitize targets tokenization expansion after NYSE debut

BlackRock partner Securitize targets tokenization expansion after NYSE debut

Carlos Domingo said Securitize may use more than $400 million raised after its New York Stock Exchange listing for acquisitions as Wall Street’s push to put traditional assets on blockchain rails gathers momentum.

Fact Check
The CoinDesk article directly confirms that Securitize CEO Carlos Domingo said the firm plans to deploy its $400 million war chest on acquisitions to expand its tokenization platform after going public on the NYSE. Fortune independently confirms the BlackRock partnership, the NYSE debut via SPAC merger, and the $400 million raised. These match the claim precisely on entity, amount, listing venue, and stated purpose.
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Summary

Securitize, a partner to BlackRock and service provider to BlackRock, Apollo and KKR, is seeking to expand its institutional tokenization platform after raising more than $400 million following its New York Stock Exchange listing, CEO Carlos Domingo said. Domingo said the company may pursue acquisitions of complementary businesses, not direct competitors, as it builds out a broader platform for institutional clients. The move comes as Wall Street shows growing interest in tokenization, or putting assets such as stocks, bonds and private funds on blockchain-based rails, a theme Domingo had championed for years before the FTX collapse dried up funding and shook confidence in crypto finance. Securitize has about $4.4 billion in tokenized assets issued.

Terms & Concepts
  • tokenization: The process of representing traditional assets as blockchain-based digital tokens.
  • institutional tokenization: Tokenization services designed for large financial firms and asset managers.
  • issuance and management infrastructure: Technology and services used to create, administer and oversee tokenized assets.