BlackRock-linked tokenization firm Securitize to go public via SPAC deal

Published

1 month ago

October 28, 2025

admin

Carlos Domingo, chief executive officer of Securitize Inc., speaks during the Messari Mainnet summit in New York, US, on Thursday, Sept. 21, 2023. Photographer: Michael Nagle/Bloomberg via Getty Images

Bloomberg | Bloomberg | Getty Images

Securitize, the “real world assets” platform that powers BlackRock’s tokenized money market fund, will go public through a merger with a special purpose acquisition company, CEO Carlos Domingo told CNBC in an exclusive interview.

The fintech firm will merge with Cantor Equity Partners II, Inc., a blank-check company sponsored by an affiliate of Cantor Fitzgerald that trades under the CEPT ticker. The deal values Securitize’s business at $1.25 billion in pre-money equity.

“Tokenization is what everybody’s talking about … but there’s nobody publicly traded that does it,” Domingo told CNBC. “We will do well in the public market because people want to index themselves to tokenization the same way that people are buying Circle because they want to index themselves to stablecoins.”

Tokenization refers to the registration of ownership rights to real-world assets such as stocks, bonds or gold on a blockchain. The process enables more transparent and around-the-clock trading versus traditional methods, according to its proponents — among whom are Robinhood Markets CEO Vlad Tenev and BlackRock CEO Larry Fink.

Following the merger, the combined entity Securitize Corp.’s stock will trade on the Nasdaq under the ticker symbol SECZ. Shares could begin trading on the exchange as soon as January, according to Domingo.

The company will book $465 million in gross proceeds from the deal. That includes $225 million from private investors including Borderless Capital and Hanwha Investment, and $240 million in the SPAC’s trust account, assuming no redemptions.

RWA tokenization takes off

The deal comes as tokenized RWAs boom. The combined market value of tokenized U.S. Treasurys has climbed to roughly $8.6 billion as of writing time, up more than 200% over the past year, according to data provider RWA.xyz.

The RWA tokenization market as a whole has ballooned 135% over the past year and is now worth $35 billion, the data shows. Citi analysts see massive growth for the tokenized RWA market, saying it could grow to almost $4 trillion by 2030.

That positions Securitize — which Domingo says has been profitable in recent quarters — to jump into the fray of firms aiming to capitalize on growing demand for digital assets. Earlier this year, Circle debuted on the New York Stock Exchange, raising about $1.1 billion in its blockbuster IPO. Cryptocurrency exchanges Gemini and Bullish also went public earlier in 2025.

Tapping public markets will create winners and losers as the digital asset space continues to grow and mature, Domingo added.

“The crypto industry needs to consolidate,” he said. “If you’re publicly traded and you have access to stock capital markets as well as cash, you can be on the side that is consolidating and not be consolidated by somebody else.”

‘A better ledger’

Founded in 2017, Securitize has facilitated several large financial firms’ first forays into tokenized funds.

In March 2024, BlackRock launched its USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum blockchain in partnership with Securitize, enabling qualified investors to digitally hold U.S. Treasurys and earn yield. The firm has also tokenized more than $4 billion in assets through partnerships with Apollo, Hamilton Lane, KKR and VanEck on their tokenized funds.

Securitize is the largest tokenization platform, dominating 20% of the RWA tokenization market, per RWA.xyz.

The company plans to also digitize its own equity, a move designed to demonstrate how the public company process and trading can move on-chain, Domingo told CNBC. The executive sees a future in which everything is brought on-chain.

“There’s $400 trillion out there of assets that could potentially be tokenized,” Domingo said. “It’s an upgrade … within the next five to 10 years, you will see everything will be on-chain, because it’s just a better ledger.”

Technology

ChatGPT outage: OpenAI’s chatbot is down for some users

Published

53 mins ago

December 2, 2025

admin

ChatGPT outage: OpenAI's chatbot is down for some users

OpenAI’s EMEA startups head Laura Modiano spoke at the Sifted Summit on Wednesday, 8 October.

Nurphoto | Nurphoto | Getty Images

OpenAI’s artificial intelligence chatbot ChatGPT is down for some users.

The company said it is “currently experiencing issues,” including “increased ChatGPT error rates,” according to an update on OpenAI’s status page.

“We have applied the mitigation and are monitoring the recovery,” the status page said.

OpenAI did not immediately respond to a request for comment.

Roughly 3,000 people reported issues with the chatbot on Tuesday, according to Downdetector, a website that tracks outages.

The outage comes days after OpenAI disclosed a security breach at Mixpanel one of OpenAI’s data analytics providers.

The breach compromised user information, such as names, emails and other details tied to the OpenAI API.

OpenAI did not disclose how many users were affected, saying in a blog post that an attacker “exported a dataset containing limited customer identifiable information and analytics information.”

OpenAI kickstarted the AI boom with the launch of ChatGPT three years ago. As of October, OpenAI said more than 800 million people use the chatbot each week.

Beta stock jumps 9% on $1 billion motor deal with air taxi maker Eve Air Mobility

Published

4 hours ago

December 2, 2025

admin

Beta stock jumps 9% on billion motor deal with air taxi maker Eve Air Mobility

Beta Technologies strikes $1B electric motor manufacturing deal with Eve Air Mobility

Beta Technologies shares surged more than 9% after air taxi maker Eve Air Mobility announced an up to $1 billion deal to buy motors from the Vermont-based company.

Eve, which was started by Brazilian airplane maker Embraer and is now under Eve Holding, said the manufacturing deal could equal as much as $1 billion over 10 years. The Florida-based company said it has a backlog of 2,800 vehicles.

Shares of Eve Holding gained 14%.

Eve CEO Johann Bordais called the deal a “pivotal milestone” in the advancement of the company’s electric vertical takeoff and landing, or eVTOL, technology.

“Their electric motor technology will play a critical role in powering our aircraft during cruise, supporting the maturity of our propulsion architecture as we progress toward entry into service,” he said in a release.

Amazon launches cloud AI tool to help engineers recover from outages faster

Published

5 hours ago

December 2, 2025

admin

Amazon launches cloud AI tool to help engineers recover from outages faster

Mateusz Slodkowski | SOPA Images | Lightrocket | Getty Images

Amazon’s cloud unit on Tuesday announced AI-enabled software designed to help clients better understand and recover from outages.

DevOps Agent, as the artificial intelligence tool from Amazon Web Services is called, predicts the cause of technical hiccups using input from third-party tools such as Datadog and Dynatrace. AWS said customers can sign up to use the tool Tuesday in a preview, before Amazon starts charging for the service.

The AI outage tool from AWS is intended to help companies more quickly figure out what caused an outage and implement fixes, Swami Sivasubramanian, vice president of agentic AI at AWS, told CNBC. It’s what site reliability engineers, or SREs, do at many companies that provide online services.

SREs try to prevent downtime and jump into action during live incidents. Startups such as Resolve and Traversal have started marketing AI assistants for these experts. Microsoft’s Azure cloud group introduced an SRE Agent in May.

Rather than waiting for on-call staff members to figure out what happened, the AWS DevOps Agent automatically assigns work to agents that look into different hypotheses, Sivasubramanian said.

“By the time the on-call ops team member dials in, they have an incident report with preliminary investigation of what could be the likely outcome, and then suggest what could be the remediation as well,” Sivasubramanian told CNBC ahead of AWS’ Reinvent conference in Las Vegas this week.

Commonwealth Bank of Australia has tested the AWS DevOps Agent. In under 15 minutes, the software found the root cause of an issue that would have taken a veteran engineer hours, AWS said in a statement.

The tool relies on Amazon’s in-house AI models and those from other providers, a spokesperson said.

AWS has been selling software in addition to raw infrastructure for many years. Amazon was early to start renting out server space and storage to developers since the mid-2000s, and technology companies such as Google, Microsoft and Oracle have followed.

Since the launch of ChatGPT in 2022, these cloud infrastructure providers have been trying to demonstrate how generative AI models, which are often training in large cloud computing data centers, can speed up work for software developers.

Over the summer, Amazon announced Kiro, a so-called vibe coding tool that produces and modifies source code based on user text prompts. In November, Google debuted similar software for individual software developers called Antigravity, and Microsoft sells subscriptions to GitHub Copilot.

WATCH: Amazon rolls out AI-powered tools to help big AWS customers update old software