Tokenization infrastructure firm Securitize expects to begin trading on the New York Stock Exchange next week under the ticker SECZ after securing approximately $400 million through its merger with Cantor Equity Partners II. According to a Friday release, fewer than 30% of CEPT holders chose to redeem their shares, allowing Securitize to retain over 71% of the SPAC trust. The merger is expected to close on Wednesday, with shares scheduled to start trading the following day. The successful capital raise reflects growing institutional adoption of tokenized securities, with Securitize co-founder and CEO Carlos Domingo stating that tokenization is moving into the mainstream after the company's eight-year journey from theoretical concept to public market debut.
Securitize Secures $400 Million Through SPAC Merger with Low Redemption Rate
Securitize retained over 71% of the Cantor Equity Partners II SPAC trust after fewer than 30% of CEPT holders redeemed their shares, according to the Friday release. Combined with a previously announced PIPE financing that included an oversubscribed $225 million private investment, the company expects to lock in $400 million in gross proceeds. The merger is expected to close on Wednesday, with shares scheduled to begin trading on the NYSE under the ticker SECZ the following day.
"When we started more than eight years ago, the idea that major institutions would embrace tokenized securities was still largely theoretical," Securitize co-founder and CEO Carlos Domingo wrote in a statement on X. "Today, tokenization is moving into the mainstream, and we believe becoming a public company gives us the visibility, credibility, and capital to lead that next phase of growth."
Tokenized Asset Market Reaches $22.5 Billion Across Leading Protocols
Data from The Block, covering 15 leading tokenization protocols, estimates roughly $22.5 billion is locked across RWA protocols, down slightly from a peak of more than $24 billion reached in mid-April. Out of that dataset, BlackRock's BUIDL fund, which invests in U.S. Treasuries and is tokenized by Securitize, has grown to nearly $3.1 billion.
Securitize is one of the largest infrastructure providers in the sector. Aside from BlackRock, Securitize also works with Apollo, KKR, Hamilton Lane, and VanEck.
Benchmark Sets $16 Price Target Citing Regulatory Licenses
Earlier this month, equities analysis firm Benchmark reiterated its Buy rating on the company with a $16 price target, arguing that Securitize's regulatory licenses across the U.S. and Europe make it a potential "positive outlier" as institutional adoption of tokenized assets ramps up.
FAQ
When will Securitize begin trading on the NYSE?
Securitize shares are scheduled to begin trading on the New York Stock Exchange the day following the Wednesday merger close, under the ticker SECZ.
How much capital did Securitize raise through the SPAC merger?
Securitize expects to lock in approximately $400 million in gross proceeds, combining over 71% retention of the SPAC trust after fewer than 30% of CEPT holders redeemed shares, plus a $225 million oversubscribed PIPE financing.
What is the current size of the tokenized asset market?
Data from The Block covering 15 leading tokenization protocols estimates roughly $22.5 billion is locked across RWA protocols, down slightly from a peak of more than $24 billion reached in mid-April.
