Key highlights:
- The SEC approved Securitize’s registration statement for its merger with a SPAC.
- This marks a crucial step in the tokenization firm’s path towards a public listing.
- The tokenization market may hit $18 trillion by 2032, say experts.
Securitize, one of the largest . This marks about a substantial 220% surge compared to the last year.
Source: Token Terminal
Commenting on this growth, Consensys Global Head David Cunningham stated,
“You’re seeing the full weight of American financial power and the global reserve currency moving on-chain at scale. When DTCC and the NYSE embed tokenization into capital markets, this marks a tipping point.”
It is important to note that a major portion of the tokenization market is comprised of US Treasuries. They account for about half of all on-chain assets. Reports suggest that tokenized commodities represent about 16%, whereas tokenized stocks hold a market value of just $1.5 billion (4.8%).
Source:: Bullish on Tokenization? You'll Be Able to Bet on It Soon as Securitize Nears NYSE Listing