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The ARK Venture Fund invested around $10 million in the tokenization specialist, according to CoinDesk's calculation.
The Cantor Equity Partners II SPAC merger would reportedly make Securitize a unicorn, raising its valuation to $1B. Cathie Wood took a $150M allocation from Circle’s IPO and then eventually took profits, showing further confidence in the possibility of Securitize actually IPOing with Brandon Lutnick. We won’t jinx it with early congratulations but wow is this an exciting time for the tokenization industry as a whole!
Love it or hate it tokenized securities are coming!!
82 sats \ 3 replies \ @grayruby 11h
What I am curious about is what happens when the wrapped equities go no bid on a Sunday night due to some geopolitical event similar to what happened to shitcoins last Friday. They can't arb because the market is closed.
So I hold a tokenized equity and it is now trading at 50% below the underlying because of a liquidity event. I get liquidated (if I am on margin) and the underlying price doesn't move until Monday. Monday morning they announce some untold amounts of trillions to combat the geopolitical event and the market rockets up. Underlying is trading higher than it did at close on Friday meanwhile token took a 50% hit and liquidated a ton of people.
Only way tokenization works is if it has a huge amount of liquidity and trading volume or a giant pool of liquidity to back stop it all.
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Which black rock being an involved will probably provide that liquidity
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45 sats \ 1 reply \ @grayruby 9h
Are they directly involved or they just own equity in Securitize?
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That is a good question. I’m not sure how much they are involved.
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Who is “Kathie Woods?” Charles Schwab . Pope Francis! What problem does this solve? We already have Resort Pass! Utopia: https://beyondturbulence.blogspot.com/p/a-topological-treatise-on-governance.html?m=1
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For sure are coming...but we need to wait some more times (around 1 decade) I think...
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