Securitize Eyes NYSE Debut via $400 Million SPAC Deal in Early July
Tokenization firm Securitize is targeting an early July listing on the NYSE through a SPAC transaction valued at approximately $400 million. The company is expected to retain more than 70% of its SPAC trust proceeds. Securitize has an existing relationship with Ripple, which invested in the firm, making this public market debut relevant to the broader XRP and XRPL tokenization ecosystem.
Tokenization firm Securitize is moving toward a public market listing on the New York Stock Exchange, targeting a debut as early as the first week of July. The transaction is structured as a SPAC deal, and Securitize is set to receive roughly $400 million after retaining more than 70% of its SPAC trust.
Securitize is a notable player in the real-world asset tokenization space and has previously received investment from Ripple. The firm also operates as a transfer agent and broker-dealer for tokenized securities, with infrastructure that intersects with blockchain settlement rails.
A successful NYSE listing would raise Securitize's public profile and could accelerate institutional adoption of tokenized assets, a segment in which the XRP Ledger has been positioning itself as a settlement and issuance layer. The timing coincides with growing regulatory clarity around digital asset securities in the United States.
Key facts
- •Securitize is targeting an early July NYSE debut
- •The SPAC deal is valued at approximately $400 million
- •Securitize will retain more than 70% of its SPAC trust proceeds
- •Securitize has a prior investment relationship with Ripple
- •Securitize operates as a transfer agent and broker-dealer for tokenized securities