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StocksMediumUpdated•Originally published 2 July 2026•Updated 3 July 2026•
1 min read

BlackRock-Backed Securitize Debuts on Public Market via $400M SPAC Merger

Key Facts

1Securitize, a crypto firm specializing in asset tokenization, went public and saw its stock jump 3% on its debut.
2The company raised $400 million following a merger with a special-purpose acquisition vehicle on Thursday.

In a move reflecting the growing maturity of digital asset infrastructure, asset tokenization specialist Securitize went public on Thursday while simultaneously tokenizing its own shares on the Solana and Avalanche networks. According to reports, the company successfully raised $400 million following its merger with a special-purpose acquisition vehicle (SPAC). The stock saw a positive initial reception from investors, jumping 3% during its public market debut.

This listing comes as BlackRock, a key backer of Securitize, expands its footprint in tokenized asset funds, such as the BUIDL fund which recently surpassed $500 million in assets per market data. Securitize competes in a sector featuring major players like Ondo Finance, with these firms aiming to migrate traditional assets like treasuries onto blockchain networks to enhance liquidity and efficiency.

Regarding related instruments, BLK shares stood at $980.38 (at close July 01, 2026) as investors assess how the firm's expanding fintech investments will impact long-term margins. Traders are currently watching for ECB President Lagarde's speech on June 29 and China's Manufacturing PMI data on June 30 as broader catalysts that could influence risk appetite across the tech and crypto sectors.