Benchmark reiterates Buy on Securitize after SPAC selloff
The Cantor Fitzgerald partnership for on-chain IPOs and secondary offerings is the operational signal investors should focus on, not the price action since the SPAC merger closed.
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The Cantor Fitzgerald partnership for on-chain IPOs and secondary offerings is the operational signal investors should focus on, not the price action since the SPAC merger closed.
The bitcoin-treasury vehicle backed by Blockstream's CEO is renegotiating its merger with Cantor Equity Partners and dropping the $1.5B PIPE, another reminder that the SPAC-era BTC treasury playbook…
The SPAC vehicle behind it has swung from a structural discount to a deep one as its AVAX holdings slump, even after management called off its own going-concern warning.
The Cantor SPAC tie-up takes Securitize public as the largest tokenization-focused venue on a major US exchange, marking a structural legitimization moment for real-world asset rails.
Low redemption rates under 30% signal real holder conviction, not arbitrage, a notable vote of confidence for a tokenization platform listing into a still-cautious RWA market.
Backed by BlackRock and Coinbase, Securitize lands on Wall Street as Standard Chartered projects tokenized assets will hit $2.7T by 2030.
The shell-company route handed AVAT a 38% first-day loss while AVAX itself barely moved — the gap says more about SPAC-discount unwind than the Avalanche thesis underneath.
If the deal closes, it would be the largest XRP-focused digital asset treasury to date — and the first real test of whether the SPAC-pivot play works for a non-Bitcoin large cap.
Revenue jumped 39% and tokenized AUM hit $3.4B, but the net loss widened to $7.9M as growth spending and IPO-readiness costs ate the gains.