Securitize Set to Raise $400 Million as NYSE Listing Nears
Securitize expects to close its SPAC merger July 1 and list on NYSE under SECZ on July 2. Fewer than 30% of CEPT shares were redeemed, locking in $400 million.
Securitize, the tokenized real-world assets platform, expects to close its SPAC merger on July 1 and begin trading on the New York Stock Exchange under the ticker SECZ on July 2. The closing depends on shareholder approval from Cantor Equity Partners II (Nasdaq: CEPT) at a special meeting June 29.
The company said Thursday that fewer than 30% of CEPT Class A ordinary shares were tendered for redemption. That locks in roughly $400 million in gross proceeds from the business combination and related PIPE financings.
Securitize manages more than $4 billion in assets from tokenized funds issued with Apollo, BlackRock, BNY, Hamilton Lane, KKR, and VanEck. The platform holds an SEC-registered broker-dealer license in the U.S. and an Investment Firm authorization under the EU's DLT Pilot Regime – one of the few companies with regulated digital securities infrastructure on both sides of the Atlantic.
The deal, announced in October, merges Securitize with a Cantor Fitzgerald SPAC. Citigroup is financial advisor; Cantor is placement agent on the PIPE.
CEO Carlos Domingo said the listing reflects eight years of work that began when institutional adoption of tokenization was still theoretical. "The growing momentum behind tokenization is now visible in the capital markets," he said in the announcement.
The NYSE tapped Securitize in March to build its 24/7 tokenized equity trading platform. Last month, Jump Trading partnered with the company to trade tokenized stocks. Continental Stock Transfer also selected Securitize as a preferred tokenization provider this week.
The shareholder vote is scheduled for June 29. If approved, the stock will list July 2.
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