CoinTelegraph
Securitize expects to pull in roughly $400 million when it begins trading on the New York Stock Exchange on July 2 under the ticker SECZ, after completing a SPAC merger with CEPT that is set to close on July 1. Shares of CEPT climbed on Friday as the company disclosed fewer shareholder redemptions than feared, easing one of the core risks that had loomed over the deal.
Co-founder and CEO Carlos Domingo framed the listing as a milestone for the broader tokenization sector, arguing that what was once a theoretical institutional use case is now mainstream. Securitize is backed by BlackRock and Morgan Stanley on the traditional side, and by Coinbase and Circle on the crypto side, and has already struck a March partnership with the NYSE itself to build tokenized securities for the exchange's upcoming platform.
Why it matters
The size of the capital raise is meaningful for a single tokenization player, but the symbolic read is bigger: a publicly traded pure-play on real-world asset tokenization now trades on a major US exchange, with the backing line of two of the largest TradFi and crypto-native institutions in the market. Standard Chartered estimated earlier this month that the value of tokenized assets circulating in decentralized finance could expand 37-fold to $2.7 trillion by the end of the decade, a figure that gives public investors a forward-looking peg for sizing the category.
The US regulatory backdrop remains a moving target. The SEC was reportedly ready in mid-May to greenlight trading of tokenized stocks, before pulling back later that month after stock exchange officials raised implementation concerns. Securitize's NYSE listing lands in that uncertain window and will be read as a live signal of how comfortable US regulators are with bringing tokenized securities onto incumbent market infrastructure.
Market impact
Low redemptions on the CEPT side remove the most immediate overhang for SECZ's opening sessions, where high SPAC redemption rates have historically killed post-listing performance.
Frequently asked questions
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What is Securitize and when does it list on the NYSE?
Securitize is a tokenization platform backed by BlackRock, Morgan Stanley, Coinbase, and Circle. It is expected to begin trading on the NYSE on July 2 under the ticker SECZ after closing a SPAC merger with CEPT on July 1.
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How much does Securitize expect to raise in its public debut?
Securitize expects to receive roughly $400 million when it begins trading, after CEPT disclosed fewer shareholder redemptions than feared ahead of the merger close.
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Who are Securitize's main institutional backers?
Securitize is backed by TradFi institutions BlackRock and Morgan Stanley, and by crypto-native firms Coinbase and Circle. The company also signed a March partnership with the NYSE to build tokenized securities for the exchange's upcoming platform.
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What is the regulatory status of tokenized stocks in the US?
The SEC was reportedly ready in mid-May to greenlight trading of tokenized stocks, but pulled back later that month after stock exchange officials raised concerns about implementation.
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How large could the tokenization market get?
Standard Chartered estimated earlier this month that tokenized assets active in decentralized finance could grow 37-fold to $2.7 trillion by the end of 2030.
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