Webull founder, Anthony Denier, has seen his wealth surpass $5 billion as SPACs (Special Purpose Acquisition Companies) gain renewed popularity in the market. With the resurgence of SPACs, the financial technology platform is positioned to benefit significantly, enhancing Denier's fortune amidst a shifting investment landscape.
Securitize plans to go public through a SPAC deal with a $1.25 billion pre-money valuation, aiming to tokenize its own shares post-merger. The firm, which has tokenized over $4 billion in assets, seeks to strengthen its balance sheet with $469 million in gross proceeds from the transaction.