Cantor Fitzgerald Partners with Securitize on Blockchain-Native Stock IPOs, Targets 5-10% Tokenized Allocation

HOOD0.81%
According to Fortune, Cantor Fitzgerald and tokenization firm Securitize announced a partnership to help companies issue stocks in blockchain-native format during IPOs. Unlike the wrapped-token model used by Robinhood and Kraken, which tokenizes existing stocks held in custodial vehicles, Securitize's blockchain-native approach requires public companies to directly participate in and control the issuance of tokenized shares, maintaining regulatory parity with traditional securities. Ben Boehmke, head of equity strategy at Cantor Fitzgerald, said the firm expects crypto-native companies seeking to go public will increasingly opt for on-chain stock issuance, potentially allocating 5% to 10% of IPO shares in tokenized form. Cantor plans to extend the service to additional blockchain-native equity offerings, including tender offers. Galaxy, Figure, and Securitize have already issued blockchain-native shares on-chain.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments