Securitize and Cantor Fitzgerald have partnered to develop infrastructure for tokenized initial public offerings (IPOs) and follow-on equity offerings within the existing US securities framework. The companies announced Wednesday that they are building a framework for primary issuances that would allow companies to raise capital through tokenized securities while remaining compliant with public offering regulations. This initiative could further expand the use of tokenized securities in traditional capital markets.
How the partnership works
Under the agreement, Securitize will provide the tokenization infrastructure for issuing, distributing, and servicing digital securities. Its SEC-registered broker-dealer affiliate, Securitize Markets, will handle the offering and settlement process. Cantor Fitzgerald will contribute its equity capital markets and trading capabilities typically associated with public offerings. The collaboration builds on an existing relationship; Securitize went public through a SPAC merger backed by Cantor Fitzgerald.
Growing market for tokenized stocks
The announcement comes as tokenized securities gain traction across traditional finance. While tokenization has largely focused on private credit and Treasurys, companies are increasingly exploring blockchain-based infrastructure for public equities. The value of tokenized stocks onchain has risen 16% over the past 30 days to nearly $1.9 billion, according to RWA.xyz. The growth is drawing established financial institutions deeper into the sector. The Depository Trust & Clearing Corp. (DTCC) plans to pilot tokenization of stocks and US Treasurys with nearly 40 financial firms, including JPMorgan and Goldman Sachs. Assets slated for tokenization include shares of Microsoft and Circle, as well as ETFs tracking the S&P 500, Nasdaq 100, and short-term US Treasury bonds.