Securitize targets NYSE debut next week with $400M SPAC merger

Securitize, the Miami-based tokenization platform that counts BlackRock among its clients, is set to become a publicly traded company as early as next week. The company will receive roughly $400 million in gross proceeds from its merger with Cantor Equity Partners II, a blank-check company currently listed on Nasdaq under the ticker CEPT.

A shareholder vote is scheduled for June 29, with the combined entity expected to begin trading on the NYSE under the ticker SECZ by July 1. The deal values Securitize at a pre-money equity valuation of $1.25 billion.

Why $400 million matters more than it sounds

Securitize’s shareholder redemptions came in under 30%, allowing the company to retain more than 70% of the SPAC trust. That’s how it lands at approximately $400 million in gross proceeds. Existing investors are rolling over 100% of their stakes, a group that includes BlackRock and ARK Invest.

Securitize’s position in the tokenization race

Securitize operates as a regulated platform for issuing, managing, and trading tokenized securities. The company is an SEC-registered transfer agent, a broker-dealer, and an operator of an alternative trading system.

Securitize currently manages over $4 billion in tokenized assets. Its client list includes BlackRock, Apollo, KKR, and VanEck. The most notable product in its ecosystem is the BlackRock BUIDL tokenized money market fund.

The SEC declared its S-4 filing effective on June 5, clearing the path for the merger to proceed. In May, FINRA approved Securitize for tokenized IPO underwriting and custody activities, expanding the company’s addressable market into primary capital markets.

Founded in 2017, Securitize has spent nearly a decade building regulatory relationships and institutional credibility.

What this means for the tokenization market

The broader tokenized assets market has now surpassed $30 billion, excluding stablecoins. Securitize going public creates a liquid, publicly tradeable proxy for the tokenization thesis, giving institutional and retail investors a NYSE-listed stock at a $1.25 billion valuation.

The competitive landscape includes names like Ondo Finance and Maple Finance on the crypto-native side, but few competitors match Securitize’s depth of regulatory licensing and institutional partnerships.

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