Securitize, the platform behind BlackRock’s tokenized money market fund, will go public through a SPAC merger valued at $1.25 billion. CEO Carlos Domingo believes tokenization is key, with Securitize set to trade on Nasdaq under SECZ. The company expects $465 million in gross proceeds from the deal.

Tokenized real-world assets market is booming, with $35 billion in value and projected growth to $4 trillion by 2030. Securitize, profitable in recent quarters, aims to capitalize on this demand. Public markets offer opportunities in the growing digital asset space, as seen with Circle, Gemini, and Bullish IPOs.

Securitize, founded in 2017, leads the RWA tokenization market with partnerships that have tokenized over $4 billion in assets. The company plans to digitize its own equity to showcase the benefits of on-chain trading. CEO Domingo envisions a future where all assets will be tokenized on-chain, calling it a “better ledger.”

Read more at CNBC: BlackRock-linked tokenization firm Securitize to go public via SPAC deal