Cantor Fitzgerald, Securitize to pursue blockchain-based IPOs

Wall Street investment bank Cantor Fitzgerald is partnering with tokenization platform Securitize to offer services for blockchain-based initial public offerings (IPOs) and the issuance of tokenized securities, CoinDesk reported. Under the partnership, Cantor Fitzgerald will provide its equity capital markets (ECM) and trading capabilities, while Securitize will contribute its infrastructure for issuing, distributing, and managing tokenized securities. The collaboration aims to help companies raise funds and issue securities on-chain while complying with existing IPO systems and regulations.