Came across this on CoinDesk: veteran tokenization infrastructure provider tZERO is going public via a SPAC merger—it has signed a business combination agreement with FG Imperii (Nasdaq: $FGII).
Key details: pre-deal valuation of about $350 million (including up to about $25 million in milestone payments); the combined company plans to list on NYSE American under the ticker $TZRO, with closing targeted for early 2027; FG Imperii has up to about $231 million in trust (subject to shareholder redemptions and expenses); about 62% of shareholders have signed support agreements. The company has been working in tokenized securities since 2014, with subsidiaries covering brokerage, ATS, custody, transfer agency, and more. ICE (the parent company of the NYSE) is also one of its investors, and selected it as a design partner for the NYSE's blockchain securities platform.
The tokenization narrative has been debated for years. Companies that can actually bring regulated licenses and infrastructure to the table are starting to crowd into the public markets.
$TZRO #代币化 #RWA #tZERO
Key details: pre-deal valuation of about $350 million (including up to about $25 million in milestone payments); the combined company plans to list on NYSE American under the ticker $TZRO, with closing targeted for early 2027; FG Imperii has up to about $231 million in trust (subject to shareholder redemptions and expenses); about 62% of shareholders have signed support agreements. The company has been working in tokenized securities since 2014, with subsidiaries covering brokerage, ATS, custody, transfer agency, and more. ICE (the parent company of the NYSE) is also one of its investors, and selected it as a design partner for the NYSE's blockchain securities platform.
The tokenization narrative has been debated for years. Companies that can actually bring regulated licenses and infrastructure to the table are starting to crowd into the public markets.
$TZRO #代币化 #RWA #tZERO
