Tokenization · Wall Street · JPMorgan · Cointelegraph
Securitize, Cantor target tokenized IPOs for public markets
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Securitize and Cantor Fitzgerald are developing infrastructure for tokenized IPOs and secondary equity offerings within the existing US securities framework.
Key facts
- As The Wall Street Journal reported Wednesday, the Depository Trust & Clearing Corp
- Assets slated for tokenization include shares of Microsoft (MSFT) and stablecoin issuer Circle (CRCL), as well as exchange-traded funds tracking the S&P 500 index, the Nasdaq 100 index and short-term
- Securitize and Cantor Fitzgerald are developing infrastructure for tokenized IPOs and secondary equity offerings within the existing US securities framework
- Its SEC-registered broker-dealer affiliate, Securitize Markets, will participate in the offering and settlement process
Summary
Securitize and Cantor Fitzgerald have partnered to support blockchain-based initial public offerings (IPOs) and follow-on equity offerings for listed companies, a move that could further expand the use of tokenized securities in traditional capital markets. The companies said Wednesday that they are developing a framework for primary issuances that would allow companies to raise capital through tokenized securities while remaining within the existing regulatory framework for public offerings. Under the agreement, Securitize will provide the tokenization infrastructure used to issue, distribute and service the digital securities. The market for tokenized stocks has expanded rapidly over the past year, outpacing much of the broader digital asset market.