BlackRock-Backed Securitize Slides 40% After SPAC Debut Despite Tokenization Boom

Securitize (SECZ) has fallen about 40% since completing its merger with SPAC Cantor Equity Partner II last week, after shares dropped as much as 25% on Tuesday before paring losses. The move appears unrelated to fundamentals and reflects typical post-SPAC volatility as the investor base turns over, according to CoinDesk, citing Arca CIO Jeff Dorman. The decline comes despite rising interest in tokenization by firms including BlackRock, Franklin Templeton and JPMorgan, and amid a broader selloff in crypto-related stocks as the Nasdaq fell 2%.