Securitize aims to raise $400 million as tokenization firm nears public debut

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Securitize, a BlackRock-backed tokenization firm, is aiming to raise $400 million as it prepares for a public debut via a SPAC merger. The deal is expected to close next week, pending shareholder approval, and will see the company start trading on the NYSE. This move could boost the tokenization market, expanding access to digital assets for institutional investors.