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5 Jun 2026, 16:00

Securitize Clears Final SEC Hurdle for NYSE SPAC Listing, Moves Closer to Public Debut

BitcoinWorld Securitize Clears Final SEC Hurdle for NYSE SPAC Listing, Moves Closer to Public Debut Real-world asset tokenization infrastructure firm Securitize announced it has cleared a final regulatory hurdle for its listing on the New York Stock Exchange (NYSE). The U.S. Securities and Exchange Commission (SEC) has declared effective the Form S-4 registration statement for the company’s planned merger with Cantor Equity Partners II (Nasdaq: CEPT), a Special Purpose Acquisition Company (SPAC) affiliated with Cantor Fitzgerald. Timeline and Next Steps A special shareholders’ meeting to approve the merger is scheduled for June 29. If the merger receives approval, the combined entity, to be named Securitize Corp., will begin trading on the NYSE under the ticker symbol ‘SECZ’. This milestone follows months of regulatory review and positions Securitize as one of the first dedicated tokenization infrastructure firms to pursue a public listing through a SPAC merger. Why This Matters for the Tokenization Sector Securitize specializes in digitizing traditional assets such as private equity, real estate, and debt instruments onto blockchain networks. The company’s public listing represents a significant validation for the real-world asset (RWA) tokenization market, which has attracted growing interest from institutional investors seeking greater liquidity and operational efficiency. By listing on a major exchange like the NYSE, Securitize gains access to public capital markets, potentially accelerating its technology development and market expansion. Regulatory and Market Implications The SEC’s approval of the Form S-4 indicates that regulators have reviewed the merger’s financial disclosures and legal structure. While this does not constitute an endorsement of Securitize’s business model, it removes a key procedural barrier. The broader tokenization industry continues to navigate evolving regulatory frameworks in the U.S. and abroad, and a successful listing could set a precedent for other firms seeking similar paths to public markets. Conclusion Securitize’s progress toward a NYSE listing marks a notable development in the convergence of traditional finance and blockchain-based asset tokenization. The upcoming shareholder vote will determine whether the firm becomes a publicly traded entity, offering investors direct exposure to the infrastructure powering the tokenization of real-world assets. FAQs Q1: What is a SPAC merger and why is Securitize using one? A SPAC (Special Purpose Acquisition Company) is a shell company that raises capital through an IPO to acquire a private company, allowing that company to go public faster than a traditional IPO. Securitize is using a SPAC merger with Cantor Equity Partners II to list on the NYSE. Q2: What does Securitize actually do? Securitize provides technology infrastructure for tokenizing real-world assets, meaning it converts ownership rights in assets like real estate, private equity, and debt into digital tokens on blockchain networks, enabling easier trading and settlement. Q3: When will the merger vote happen? The special shareholders’ meeting to approve the merger is scheduled for June 29. If approved, the combined company will begin trading under the ticker ‘SECZ’ on the NYSE. This post Securitize Clears Final SEC Hurdle for NYSE SPAC Listing, Moves Closer to Public Debut first appeared on BitcoinWorld .

5 Jun 2026, 15:52

Government Stablecoin Payments Would Fuel 'Tax Evasion Economy,' Lawmaker Warns

Rep. Brad Sherman warned that allowing government payments in stablecoins would "sanctify an alternative to the U.S. dollar."

5 Jun 2026, 15:49

Winklevoss-Backed Zcash Treasury Plunges Nearly 40% on ZEC Privacy Bug Concerns

Cypherpunk Technologies shares tumbled to their lowest point since March as jitters tied to a Zcash bug knocked the Winklevoss-backed firm.

5 Jun 2026, 15:24

Kula Pioneers Regulated On-Chain Title Issuance: Why Most RWA Tokenisation Is Pointing at the Wrong Thing

Impact investment firm Kula has signed an MoU with Lionhart Capital to advance a proof of concept that raises structural questions about how the $31 billion RWA market operates Quick Answer Editor's note: Most of what gets called RWA tokenisation today would not survive a serious legal challenge. The token points at an asset held in an SPV or trust, and the holder's rights depend on the solvency and cooperation of an intermediary. The model put forward by an investment firm called Kula issues title rather than a reference. The regulatory infrastructure required to do that is genuinely rare. Whether the market re-rates on that distinction is an open question. Kula, a decentralised impact investment firm, has signed a Memorandum of Understanding with Lionhart Capital to advance a proof of concept in regulated title tokenisation of real-world assets. The tokenised RWA market has grown 256% in 15 months, reaching $31 billion by the end of Q1 2026. The majority of that growth has been built on referential or contractual tokenisation models. Kula's announcement is a challenge to the structural assumptions underlying those models. What does title tokenisation mean in practice? In most RWA tokenisation structures, the token represents a contractual claim on an asset held in a Special Purpose Vehicle, trust, or custody arrangement. The holder's rights are defined by legal documents and enforced by administrators and courts. The on-chain ledger records the transaction, but ownership resolves outside it. Kula's model issues ownership rights directly on-chain, recognised by the relevant regulatory authority. The token carries the economic and legal title to the underlying asset rather than a reference to it. In liquid, rising markets the difference between these two structures is rarely tested. Under stress, the distinction determines whether a token holder can exercise rights independently or must pursue claims against an intermediary that may itself be under pressure. Why this is a constraint most of the market has avoided Issuing title rather than a contractual reference requires operating through a licensed Virtual Asset Service Provider under a recognised regulatory framework. The majority of the tokenisation market operates as a technology provider rather than a regulated issuer. The compliance infrastructure required to cross that threshold takes considerable time and capital to build. Kula has deployed millions in underlying asset value across projects in East Africa, Nepal, and Zambia, developing regulated governance infrastructure across that period. The title tokenisation initiative applies that existing infrastructure to a new context rather than introducing a new operating model. Institutional adoption and the case for regulated issuance As larger capital allocators increase exposure to tokenised assets, the legal character of the token itself is likely to become a standard element of due diligence. The question of whether a token constitutes genuine title or a contractual claim on an entity holding title has material implications for risk classification, enforcement, and recovery in default scenarios. What remains to be confirmed The structural argument for title tokenisation over referential models is well-founded. Whether Kula can demonstrate it at meaningful scale is what the proof of concept is designed to establish. For the broader RWA market, the more significant variable is timing. If a period of sustained stress arrives before institutional adoption has driven regulatory issuance standards higher, the gap between referential and title tokenisation will become visible in ways the current market has not yet had to price. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

5 Jun 2026, 14:49

Morgan Stanley predicts SpaceX valuation hitting $3.4 trillion by 2040

U.S. bank and Wall Street giant, Morgan Stanley is predicting SpaceX to hit $3.4 trillion in annual revenue by 2040, representing a 182-times increase from the reported revenue of $18.7 billion in 2025, according to a WSJ report. This projection is coming after Elon Musk’s space, satellite and rockets company kicked off the build-up to its coming IPO, with the firm looking to raise $75 billion in what would be the largest public offering in history. AI development fuels Morgan Stanley’s prediction The Morgan Stanley forecast hinges directly on the positive expectations placed on SpaceX’s artificial intelligence division, which pulled in $3.2 billion in revenue during 2025. Morgan Stanley expects this division to reach almost $190 billion by 2030 alone, marking it out as the dominant revenue hub for SpaceX. This places the division well ahead of the company’s rocket and Starlink satellite divisions, the Wall Street Journal reported . By 2030, Morgan Stanley believes SpaceX’s total revenue will get close to $330 billion, with adjusted EBITDA hitting $230 billion. The 2040 forecast includes an adjusted EBITDA estimate of $2.7 trillion. Goldman Sachs, SpaceX’s foremost investment bank and one of the leading financial heavyweights in the IPO alongside Morgan Stanley, has an even higher expectation of the AI division. Goldman Sachs sees SpaceX’s AI revenue logging almost $322 billion by 2030, with total revenue reaching $474 billion and an adjusted EBITDA of $352 billion, according to a Financial Times report cited by Reuters. SpaceX is losing money SpaceX’s current financial situation is, however, markedly far from the standing of these predictions. Elon Musk’s company accrued a net loss of $4.9 billion in 2025 after posting a $791 million profit the previous year in 2024, according to Reuters. Revenue increased 33% from $14 billion in 2024 to $18.7 billion in 2025, with the net losses suggesting heavy capital spending. This is relatively unsurprising as SpaceX has continued to scale its constellation of satellites and AI infrastructure over the past two years. SpaceX’s IPO filing with the SEC mentioned plans to sell 555.55 million shares at $135 each, which would value the company at approximately $1.75 trillion. Elon is expected to retain about 82.4% of the voting power after the Nasdaq listing. Starlink and rocket operations projections Goldman Sachs’ projections expect revenue from SpaceX’s launch operations to grow modestly, from $4.1 billion in 2025 to $8.3 billion by 2030. Starlink, which currently serves about 10.3 million subscribers across 164 countries with a constellation of more than 9,600 satellites, is predicted to generate $144 billion in revenue by 2030, making it the second most profitable division behind AI. The Procure Space ETF (UFO) has gained 137% over the past 12 months, which could point to an increased investor interest in the space sector ahead of the SpaceX listing, according to Stocktwits. SpaceX began its investor meetings on Thursday, with reports that investors from China and Hong Kong would be barred from participating in the IPO. Morgan Stanley and Goldman Sachs are both key players in the IPO’s underwriting, alongside BofA Securities, JPMorgan and Citi. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

5 Jun 2026, 14:00

US House Bill Proposes National Bitcoin Reserve Using Forfeited Assets

BitcoinWorld US House Bill Proposes National Bitcoin Reserve Using Forfeited Assets On May 21, Representative Nicholas Begich of Alaska introduced H.R.8957, the Modernizing America’s Reserve Assets Act (ARMA), a bill that would establish a national Bitcoin reserve using digital assets seized through criminal and civil forfeiture proceedings. The full text, now published on the official U.S. Congress website, outlines a framework for the Treasury Department to hold Bitcoin for a minimum of 20 years, with strict oversight and transparency measures. Core Provisions of the ARMA Bill The legislation mandates that Bitcoin obtained through forfeitures be transferred into a strategic reserve and held for at least two decades. During this period, sales or disposals are prohibited. To ensure accountability, the bill requires quarterly proof-of-reserves reports and independent third-party audits. State governments may also voluntarily deposit Bitcoin into separate accounts within the Federal Reserve system, expanding participation beyond the federal level. A key forward-looking provision directs the Treasury and Commerce Departments to jointly study methods for increasing the nation’s Bitcoin holdings within 180 days, without requiring additional appropriations. Potential avenues include converting non-Bitcoin digital assets, using forfeited assets, accepting voluntary donations, leveraging tax or tariff revenue, or utilizing Federal Reserve or gold certificate mechanisms. Comparison with Previous Legislation Analysts have noted that ARMA is more measured than the earlier ‘BITCOIN Act,’ which proposed the purchase of one million Bitcoin. The new bill focuses on existing government-held assets rather than active market purchases, which observers believe improves its political feasibility. However, the bill leaves the door open for future federal Bitcoin acquisitions, as the mandated study could recommend buying more coins. Handling of Forks and Airdrops The bill also addresses digital assets resulting from hard forks or airdrops on government-managed addresses. These would be subject to a five-year sales ban. After that period, their market value would be assessed, with only the most valuable mainstream asset retained and the remainder sold, with proceeds directed to the Treasury. Why This Matters If enacted, ARMA would mark a significant shift in U.S. government policy toward digital assets, moving from passive seizure and auction to long-term strategic holding. The bill’s emphasis on transparency and independent auditing could set a precedent for how sovereign entities manage cryptocurrency reserves. For the cryptocurrency market, the prospect of a federal Bitcoin reserve adds a layer of institutional legitimacy, though the 20-year lock-up period means immediate market impact would be limited. Conclusion H.R.8957 represents a pragmatic step toward integrating Bitcoin into U.S. reserve asset strategy, focusing on existing forfeited holdings rather than new purchases. While its path through the House Financial Services Committee remains uncertain, the bill signals growing congressional interest in digital assets as a component of national financial strategy. FAQs Q1: What is the main goal of the ARMA bill? The bill aims to create a strategic Bitcoin reserve using digital assets seized through criminal and civil forfeitures, with a mandatory 20-year holding period and quarterly proof-of-reserves audits. Q2: Does the bill authorize the government to buy Bitcoin on the open market? No, the bill does not authorize immediate purchases. It requires a study within 180 days to explore potential methods for increasing Bitcoin holdings, which could include future purchases. Q3: How does ARMA differ from the earlier BITCOIN Act? The BITCOIN Act proposed purchasing one million Bitcoin, while ARMA focuses on managing already-seized assets. Analysts consider ARMA more politically feasible due to its more moderate approach. This post US House Bill Proposes National Bitcoin Reserve Using Forfeited Assets first appeared on BitcoinWorld .