Benchmark invests in Securitize despite 40% post-SPAC decline, backed by new Cantor Fitzgerald partnership in tokenization.
VC & Fundraising ·
Venture capital firm Benchmark has invested in Securitize despite the company experiencing a 40% decline in valuation following its SPAC transaction, according to reporting on the investment. The backing is tied to a new partnership between Securitize and Cantor Fitzgerald focused on tokenization capabilities.
Securitize's SPAC merger with Cantor Equity Partners II cleared a major regulatory milestone with the SEC, positioning the company for a NYSE listing under ticker SECZ. The deal reflects Cantor Fitzgerald's broader strategy as a bridge between traditional Wall Street capital markets and digital assets, with the firm taking on an active role in sponsoring crypto-related SPACs and financing ventures.
Benchmark's decision to invest despite recent post-SPAC volatility signals confidence in the tokenization sector's fundamentals and the strategic value of the Cantor partnership, though the full scope of the collaboration and its commercial milestones remain to be detailed by the companies.