Securitize to list on NYSE July 1 after $400M SPAC merger

Securitize is set to start trading on the New York Stock Exchange as early as July 1. The tokenization platform will list under the ticker SECZ after shareholders vote on its merger with Cantor Equity Partners II on June 29.

The blank-check company, currently trading on Nasdaq as CEPT, will provide Securitize with roughly $400 million in gross proceeds. The deal values the combined entity at a pre-money equity valuation of $1.25 billion. Existing investors including BlackRock and ARK Invest are rolling over 100% of their stakes, a sign of confidence that allowed Securitize to retain more than 70% of the SPAC trust.

Securitize is an SEC-registered transfer agent and broker-dealer. It also operates an alternative trading system. The company has spent nearly a decade building regulatory credibility since its founding in 2017. In May, FINRA approved Securitize for tokenized IPO underwriting and custody activities, expanding its reach into primary capital markets.

Securitize currently manages over $4 billion in tokenized assets. Its client list includes BlackRock, Apollo, KKR, and VanEck. The most visible product in its ecosystem is the BlackRock BUIDL tokenized money market fund. KKR, an early client, carries an Alpha Score of 35 on AlphaScala, reflecting mixed fundamentals within the Financials sector.

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 at a $1.25 billion valuation. The SEC declared its S-4 filing effective on June 5, clearing the final regulatory hurdle for the merger to proceed.