Securitize, the tokenization firm behind BlackRock's $3 billion BUIDL fund, starts NYSE trading Thursday after SPAC vote approval. $400 million in proceeds, PIPE oversubscribed.
Securitize, the tokenization infrastructure firm behind BlackRock's $3 billion BUIDL fund, will begin trading on the New York Stock Exchange Thursday under the ticker SECZ. The move follows a shareholder vote Monday that approved its combination with Cantor Equity Partners II, a special purpose acquisition company.
Cantor Equity Partners II stock climbed as much as 20% in Monday's session after the vote. The deal is expected to close Wednesday, with public trading starting the next day.
The SPAC merger delivered roughly $400 million in proceeds to Securitize, combining cash from the trust account with a $225 million private investment in public equity (PIPE) round that exceeded its subscription target. Redemptions among Cantor shareholders stayed below 30%, meaning Securitize kept more than 71% of the available trust capital.
CEO Carlos Domingo said the public listing strengthens the firm's ability to raise capital and expand its tokenization platform. Securitize converts traditional financial instruments – investment funds, fixed-income securities – into blockchain-based digital tokens. Its clients include BlackRock, Apollo, KKR, Hamilton Lane, and VanEck. Both BlackRock and ARK Invest hold equity stakes in the company.
Benchmark Equity Research reaffirmed a "Buy" rating on Securitize earlier this month with a $16 price target, citing the company's regulatory compliance as a competitive edge. Securitize holds authorizations in the U.S. and Europe.
The tokenization market has grown rapidly. The top 15 real-world asset tokenization protocols increased total value locked from $9.55 billion to $21.84 billion over the past year, a 128% jump, according to The Block. Citi projects tokenized assets could reach $5.5 trillion by 2030; Standard Chartered estimates $2 trillion by 2028.
Securitize's NYSE debut gives public investors direct exposure to a pure-play tokenization infrastructure company, a segment that until now has been accessible mainly through private markets or crypto-native protocols.
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