Cantor Fitzgerald, Securitize Pursue Blockchain-Based IPO Service

Wall Street investment bank Cantor Fitzgerald is teaming up with tokenization platform Securitize to pursue blockchain-based initial public offering services and tokenized securities issuance.

CoinDesk reported on July 15 that Cantor Fitzgerald will provide its equity capital markets and trading capabilities, while Securitize will supply the infrastructure for issuing, distributing and managing tokenized securities.

Through the partnership, the companies plan to help businesses raise capital and issue securities on-chain while complying with existing IPO rules and regulations.