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Tokenization Firm tZERO Plans to Go Public Through $350 Million SPAC Deal

(4 hours ago) · 1 source · Summarized by CryptoBipto

tZERO, a company focused on tokenizing securities, has announced plans to go public through a special purpose acquisition company (SPAC) merger valued at approximately $350 million. The deal would make tZERO a publicly traded company, giving it access to public capital markets.

WHY IT MATTERS

Tokenization is the idea of turning traditional financial assets — like shares of stock or pieces of real estate — into digital tokens that live on a blockchain.

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SOURCES

  • coindesk.com

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TokenizationSPACPublic MarketsSecurities