Securitize Secures $400 Million War Chest to Expand Institutional Tokenization Business Through Acquisitions

CoinFeed July 6 news, according to CoinDesk, New York Stock Exchange-listed company Securitize (SECZ) plans to use over $400 million in funds to expand its institutional tokenization platform by acquiring complementary businesses, rather than acquiring direct competitors. Securitize previously went public through a merger with a Cantor-owned SPAC, retaining approximately 70% of the trust funds, with total fundraising exceeding $400 million. Since its establishment in 2017, the company has issued approximately $4.4 billion in tokenized assets, including BlackRock's $2.2 billion U.S. Treasury money market fund BUIDL and nearly $300 million of Securitize's own tokenized stock, making it one of the largest issuers of tokenized assets currently.