Tokenization Pioneer Securitize Prepares for Public Debut

Eight years after its 2017 founding, Securitize has emerged as a significant infrastructure provider in the tokenized asset market under Carlos Domingo's leadership. As of late November 2025, the firm reported approximately $3.6 billion in outstanding tokenized real-world assets, with projections to exceed $4 billion by the end of the year. Securitize is profitable, experiencing a tenfold revenue increase over the past 18 months. The company is now preparing for a public debut through a SPAC merger with Cantor Fitzgerald, aiming for a listing in early 2026. Domingo described 2025 as the company's best year to date, marking a crucial inflection point.

Domingo highlighted Securitize's early commitment to tokenization when the concept was not widely accepted, contrasting their approach with the rapid but volatile growth of unregulated platforms during 2021. He recalled the difficulties in securing funding and talent, noting that Securitize could not offer large token packages or the highest salaries. This resilience was crucial, as many early tokenization competitors failed due to financial instability or poor strategic decisions. Domingo credits a "survivalist philosophy," inspired by advice to be like a "cockroach," for the company's endurance until the market matured.

Initially conceived as a technology vendor, Securitize's strategy evolved. The original plan involved licensing tokenization platforms to banks and asset managers who would manage their own tokenized assets. However, the company transitioned to become a comprehensive solution provider. Domingo's conviction in the inevitable digitization of industries, regardless of timing, guided Securitize through its formative years. The firm will be represented at CoinDesk's Consensus Hong Kong in February 2026 and Consensus 2026 in Miami in May 2026.