Securitize began to focus on M&As after the New York Stock Exchange had completed its listing. Carlos Domingo, the CEO of the company, stated that the new amount of approximately $400 million would be used mainly to supplement the agency's monetization services, rather than to purchase direct competitors.
We've got about $400 million on the market.
This company was previously listed through a combination of SPACs supported by Cantor. In an interview with CoinDesk, Domingo stated that the company did not need to spend all of the money on day-to-day operations and would therefore consider expanding its operations through acquisitions and strengthening its balance sheets.
Seturitize was established in 2017 to provide up-linking services to traditional financial institutions, including issues, transfer agents and fund management. Its clients include Belet, Apollo, KKR, Hamilton Lane and VanEck.
M & As targeting complementary operations
According to RWA.xyz data cited in the text, Securitize has issued approximately $4.4 billion in monetized assets. These include about $2.2 billion in bellards for the United States Treasury Monetary Market Fund, BUIDL, and close to $300 million in Securitize shares.
Domingo states that companies have no intention of acquiring direct competitors because such transactions are difficult to bring about new technological capabilities. By contrast, Securitize is more concerned with services adjacent to existing institutional monetization operations and wants to expand the product line into a one-stop platform for clients.
The next priority is monetized stocks and ETF.
According to Securitize, the growth focus of the monetized market is gradually shifting from GDR products to open market securities. Domingo states that monetized stocks and ETFs will be one of the most powerful ways to drive the expansion of the industry.
Earlier this year, ICE, the New Haven parent company, had worked with Securitize to develop a monetized stock infrastructure. The company also worked with the transfer agents Computershare and Continental to promote the direct distribution of shares by listed companies on the block chain track.
At the same time, NASDAQ has been openly discussing a monetization plan, and the United States securities settlement infrastructure agency DTCC has recently revealed that it plans to launch a monetized securities platform as early as October.
Additional information:According to RWA.xyz data, the current monetization of real world assets has exceeded $32 billion. According to Domingo, the focus of the next phase would shift to the promotion of the issuer ' s direct chaining of securities rather than relying on third-party encapsulation or synthetic mapping products.