Securitize expects $400M from Cantor SPAC after low redemptions. Tokenization market hits $30B. CEO says moving mainstream. NYSE listing set for July 2 under SECZ.
Securitize, the tokenization infrastructure firm backed by BlackRock and Ark Invest, expects to raise roughly $400 million as it prepares to go public through a merger with a Cantor Fitzgerald-backed special purpose acquisition company.
The company said Friday that lower-than-expected shareholder redemptions allowed the business combination with Cantor Equity Partners II (CEPT) to retain more capital. The transaction is set to close July 1, pending shareholder approval on June 29. The combined entity will begin trading on the New York Stock Exchange the following day under the ticker SECZ.
Tokenization – representing funds, bonds and private credit on blockchain networks – has become one of Wall Street's faster-growing digital asset initiatives. The market for tokenized real-world assets has reached more than $30 billion excluding stablecoins, according to rwa.xyz. Boston Consulting Group and Ripple project it could hit $18.9 trillion by 2033.
Securitize helps asset managers including Apollo, KKR, Hamilton Lane and VanEck issue blockchain-based versions of traditional investment products. The firm is also working with the New York Stock Exchange on its tokenized securities platform. BlackRock's BUIDL fund, which uses Securitize's technology, has become the largest tokenized treasury fund by assets.
"When we started more than eight years ago, the idea that major institutions would embrace tokenized securities was still largely theoretical," CEO Carlos Domingo said in a statement. "Today, tokenization is moving into the mainstream."
The SPAC structure offered Securitize a faster path to a public listing than a traditional IPO. Cantor Fitzgerald, led by Howard Lutnick, has backed several SPAC deals in the crypto and fintech space. Lower redemptions mean more of the $400 million stays with the merged company, giving it capital to expand its platform.
Securitize's public debut comes as competitors like tZERO and WisdomTree push into the same market. The NYSE partnership gives Securitize a credibility edge with traditional finance firms. KKR, a Securitize client, carries an Alpha Score of 35 out of 100, reflecting mixed signals on valuation and momentum.
The merger is set to close July 1. Shares are expected to begin trading the next day under SECZ.
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