Securitize (SECZ) Lists on NYSE: $400M, BlackRock BUIDL Behind It

Securitize starts trading on the New York Stock Exchange under ticker SECZ on July 2. The tokenization infrastructure firm closed its merger with Cantor Equity Partners II on June 30, pulling in roughly $400 million at a pre-money valuation of $1.25 billion.

That makes Securitize Corp the first pure-play tokenization company on a major U.S. exchange. The deal was approved June 29. Fewer than 30% of Class A shareholders redeemed their shares. In a typical SPAC, redemptions run above 80%. The low redemption rate signals conviction from the institutional holders who stayed in.

The capital stack includes a $225 million PIPE that was oversubscribed. That kind of demand does not happen when investors are lukewarm. The firm posted $19.5 million in revenue for the first quarter of 2026, up 39% from the same period last year.

The Client List That Mattered

Securitize’s client roster runs through institutional finance: Apollo, KKR, Hamilton Lane, VanEck. BlackRock’s BUIDL tokenized money market fund operates on the platform and has surpassed $3 billion in total value locked. BUIDL crossed that threshold sometime in recent weeks, a serious number for any tokenized product. KKR, which runs tokenized assets on the same infrastructure, carries an Alpha Score of 43 out of 100 – a Mixed label that reflects modest current momentum alongside long-term positioning in alternatives. You can track the stock on KKR’s profile page.

Those are not scrappy startup clients. They are the firms that move the real volume in private credit and alternatives. Securitize’s CEO, Carlos Domingo, said the public listing gives the firm the visibility and capital to push tokenization further into the mainstream. The timing lines up with a broader shift in how large asset managers think about settlement and distribution.

The NYSE Partnership That Changes the Angle

Securitize did more than list on the NYSE. It signed a memorandum of understanding to serve as digital transfer agent for a new tokenized stock and ETF trading platform. That platform plans to run on on-chain settlement and use stablecoin funding. The company is not just a tenant on the exchange. It is a technical partner helping build the exchange’s next-generation infrastructure.

That dual role is rare for a newly public fintech firm. The relationship gives Securitize a credibility boost that most SPAC-listed companies cannot claim. Whether the infrastructure performs at scale with real institutional volume is a separate question. A 24/7 tokenized trading platform with stablecoin funding sounds ambitious on paper. Execution will determine whether it works in practice.

The broader market for real-world asset tokenization grew from roughly $9.55 billion to $21.84 billion over the past year – a 128% expansion. Securitize’s public pitch targets a total addressable market of $19 trillion. That projection will now face quarterly scrutiny from equity investors who want to see revenue growth justify the multiple.

What the Capital Buys

Securitize raised $400 million. The money will go toward new institutional partnerships, expanded tokenized equity offerings, and platform development. There is no clean public-market comparable for a regulated tokenization infrastructure company. Analysts will watch how the firm spends against a $1.25 billion pre-money valuation.

The low SPAC redemption rate bought goodwill. Investors who held through the merger signaled confidence. Now execution matters. The NYSE partnership will get particular scrutiny.

Securitize begins trading under ticker SECZ on July 2. The first session sets a public market benchmark for tokenization infrastructure as an asset class.