Securitize Expects to Raise $400M as Tokenization Firm Nears Public Debut
Securitize, a BlackRock-backed tokenization infrastructure provider, expects to raise approximately $400 million as it nears its public debut via a merger with Cantor Fitzgerald-backed SPAC Cantor Equity Partners II (CEPT). The transaction is scheduled to close on July 1, pending shareholder approval on June 29, with the combined company starting trading on the New York Stock Exchange under the ticker SECZ. The news came after lower-than-expected shareholder redemptions, with CEPT shares rising 8%. Tokenization, the process of representing real-world assets like funds, bonds, and private credit on blockchain networks, is one of Wall Street's fastest-growing digital asset initiatives. The market for tokenized real-world assets has exceeded $30 billion (excluding stablecoins), and projections suggest it could reach $18.9 trillion by 2033. Securitize, backed by major asset managers including BlackRock and Ark Invest, provides infrastructure for asset managers such as Apollo, KKR, Hamilton Lane, and VanEck to issue blockchain-based versions of traditional investment products. The firm is also assisting the NYSE in building its tokenized securities platform.
Key facts
- Securitize expects to raise ~$400M from SPAC merger with Cantor Equity Partners II.
- Deal to close July 1, trading on NYSE under SECZ pending shareholder approval.
- Tokenized real-world asset market exceeds $30B, projected to reach $18.9T by 2033.
- BlackRock and Ark Invest back Securitize as key tokenization infrastructure provider.
- Securitize helps NYSE build tokenized securities platform earlier this year.