Securitize to Start Trading on NYSE Thursday After SPAC Vote

Securitize, the tokenization firm backed by BlackRock, cleared its final hurdle to go public Monday. Shareholders of Cantor Equity Partners II (CEPT) approved the proposed merger, the company said in an X post. The transaction is expected to close Wednesday, with the combined entity starting trading Thursday on the New York Stock Exchange under the ticker SECZ.

CEPT shares surged as much as 20% during Monday's session.

Founded in 2017, Securitize has become a leading provider of tokenization infrastructure. It helps asset managers including BlackRock, Apollo, KKR and VanEck issue blockchain-based versions of traditional investment products. BlackRock and ARK Invest are among its early investors.

The listing arrives as tokenization – representing assets such as funds, bonds and private credit on blockchain networks – gains traction on Wall Street. Citi has projected tokenized assets could reach $5.5 trillion by 2030. Standard Chartered estimated the market could grow to $2 trillion by 2028 as financial institutions move real-world assets onto blockchain rails.

The NYSE debut gives public market investors one of the few pure-play opportunities to gain exposure to the tokenization sector. KKR, which has worked with Securitize on tokenized funds, carries an Alpha Score of 43 out of 100, labeled Mixed, in the Financials sector.

For context on broader crypto market trends, see AlphaScala's crypto market analysis.