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Securitize, the BlackRock-backed tokenization infrastructure firm, cleared a major regulatory hurdle toward becoming a publicly traded company after the U.S. Securities and Exchange Commission declared effective the registration statement for its planned merger with Cantor Equity Partners II (CEPT), a blank-check SPAC sponsored by an affiliate of Cantor Fitzgerald. Shareholders of both companies are set to vote on the combination on June 29, with closing expected shortly after; the combined entity would trade on the New York Stock Exchange under the ticker "SECZ."
Why it matters
Tokenization has become one of the fastest-growing trends in traditional finance — the practice of issuing blockchain-based representations of funds, bonds, private credit and equities, with proponents pointing to shorter settlement times, lower costs and 24/7 transferability. The tokenized asset market has nearly tripled over the past year to more than $30 billion, according to RWA.xyz data, and has drawn in BlackRock, Franklin Templeton, JPMorgan, Apollo, KKR, Hamilton Lane, VanEck and Fidelity as either issuers or infrastructure users. Citi has projected tokenized assets could reach $5.5 trillion by 2030, while a joint Boston Consulting Group–Ripple report puts the upper-bound estimate at $18.9 trillion by 2033.
Market impact
Securitize sits in the middle of that flow as the tokenization, transfer-agent and trading-technology provider behind BlackRock's BUIDL fund — one of the largest tokenized U.S. Treasury products since its 2024 launch — and is also helping the NYSE build its own tokenized securities platform. A successful listing would make it one of the few tokenization-native companies to reach a major U.S. exchange, and it lands at a moment when several other crypto firms, including Kraken and Consensys, have pulled back from public-market plans amid a difficult backdrop. For the sector, SECZ would be a test of whether public-equity investors will underwrite tokenization infrastructure at scale.
Frequently asked questions
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What did Securitize just clear with the SEC?
The SEC declared effective Securitize's registration statement for its planned merger with Cantor Equity Partners II (CEPT), a Cantor Fitzgerald-affiliated SPAC, moving the deal closer to closing.
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When will the Securitize SPAC merger vote happen and what is the ticker?
Shareholders of both companies are scheduled to vote on June 29. If approved, the deal is expected to close shortly after, with the combined company trading on the NYSE under the ticker SECZ.
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What does Securitize actually do?
Securitize provides the tokenization, transfer-agent and trading technology used by issuers including BlackRock, Apollo, KKR, Hamilton Lane and VanEck, and is helping the NYSE build its own tokenized securities platform.
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Why is the BlackRock BUIDL fund relevant to this story?
BUIDL is BlackRock's tokenized U.S. Treasury money-market fund launched in 2024 and one of the largest tokenized Treasury products in the market. Securitize is the infrastructure provider behind it, which is central to the company's public-market story.
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How big is the tokenization market and what is the growth outlook?
Tokenized assets have nearly tripled in the past year to more than $30 billion, per RWA.xyz. Citi projects the market could reach $5.5 trillion by 2030, while a joint BCG–Ripple report estimates up to $18.9 trillion by 2033.
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