Tokenization · New York · CoinDesk
Securitize eyes acquisitions with $400 million war chest after going public, CEO confirms
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Securitize (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.
Key facts
- 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
- Citi has projected tokenized securities could grow into a $5.5 trillion market by 2030, while Boston Consulting Group and Ripple estimate the sector could reach $18.9 trillion by 2033
- 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
- Elsewhere, Nasdaq has publicly explored tokenization initiatives, while DTCC, the backbone of U.S. securities settlement overseeing more than $114 trillion in assets, recently unveiled plans
Summary
Securitize plans to pursue acquisitions of complementary businesses, rather than rivals, to build a broader one-stop shop for institutional tokenization services, CEO Carlos Domingo told CoinDesk in an interview. The firm aims to deploy its $400 million war chest it raised leading up to its public debut merging with a Cantor-backed SPAC. As one of the largest tokenization infrastructure providers, Securitize sees tokenized equities and ETFs as a major growth opportunity, Domingo said, arguing that even a small share of the $140 trillion global equity market moving onchain could create a multitrillion-dollar market. "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.