CoinDesk
Securitize expects to raise about $400 million in gross proceeds as it closes its merger with Cantor Equity Partners II (CEPT), a Cantor Fitzgerald-backed SPAC, on July 1 pending a June 29 shareholder vote. The combined company is set to begin trading on the New York Stock Exchange the following day under the ticker SECZ. CEPT shares rose 8% after the announcement.
The proceeds figure held up because shareholder redemptions came in lower than expected, allowing the PIPE financing to anchor the deal. CEO Carlos Domingo framed the listing as a milestone for an industry that barely existed as a Wall Street concept eight years ago.
Why it matters
Securitize sits at the centre of one of the fastest-growing digital asset initiatives on Wall Street. It provides tokenization infrastructure for Apollo, KKR, Hamilton Lane and VanEck, and is helping the NYSE itself build its own tokenized securities platform. BlackRock and Ark Invest are both backers, giving the firm credibility on both the buy-side and the issuer side of institutional capital.
The market for tokenized real-world assets has grown past $30 billion excluding stablecoins, according to rwa.xyz, and Boston Consulting Group and Ripple project it could reach $18.9 trillion by 2033. A public Securitize gives that thesis a directly tradeable equity, a structure institutional allocators can underwrite against fundamental revenue rather than token-price exposure.
Market impact
The SECZ listing is the first major tokenization-pure-play to reach a US exchange, which sets a reference point for competitors like tZERO and for traditional market infrastructure providers weighing their own on-chain plays. CEPT's 8% move on the news shows the SPAC wrapper already priced in part of the upside; the real test is how SECZ trades once it crosses to the NYSE tape. Watch the July 2 open and the size of the post-listing float as the cleanest read on institutional appetite for the tokenization thesis.
Frequently asked questions
-
What ticker will Securitize trade under on the NYSE?
Securitize is expected to begin trading on the New York Stock Exchange on July 2 under the ticker SECZ, following the close of its SPAC merger with Cantor Equity Partners II on July 1.
-
How much is Securitize raising in its public debut?
The company expects to raise about $400 million in gross proceeds, including PIPE financing, after lower-than-expected shareholder redemptions on the Cantor Equity Partners II SPAC.
-
Who are Securitize's biggest backers?
Securitize is backed by major asset managers including BlackRock and Ark Invest, and provides tokenization infrastructure for issuers such as Apollo, KKR, Hamilton Lane and VanEck.
-
How large is the tokenized real-world asset market today?
Tokenized real-world assets have grown to more than $30 billion excluding stablecoins, according to rwa.xyz, with Boston Consulting Group and Ripple projecting the market could reach $18.9 trillion by 2033.
-
What is the shareholder vote date for the Securitize SPAC merger?
The business combination is scheduled for a shareholder vote on June 29, with the deal expected to close on July 1 and trading on the NYSE to begin the following day, pending customary closing conditions.
WuBlockchain
TheBlock
CoinTelegraph
CryptoSlate
Crypto Rank News