Securitize, a tokenization infrastructure provider backed by BlackRock, announced Monday that shareholders of Cantor Equity Partners II (CEPT) approved its merger with the SPAC, clearing the final major hurdle for its public listing. The transaction is expected to close Wednesday, and the combined company will begin trading Thursday on the New York Stock Exchange under the ticker SECZ. CEPT shares surged up to 20% in Monday trading. Founded in 2017, Securitize helps asset managers like BlackRock, Apollo, KKR and VanEck issue blockchain-based versions of traditional investment products. The listing comes as tokenization, which represents traditional assets such as funds, bonds and private credit on blockchain networks, gains momentum on Wall Street. Citi projects tokenized assets could reach $5.5 trillion by 2030, while Standard Chartered estimates $2 trillion by 2028. The NYSE debut provides public market investors a pure-play exposure to the growing tokenization sector.

Key facts

• Securitize won SPAC merger approval from CEPT shareholders, clearing path for NYSE listing.
• Combined company to trade under ticker SECZ starting Thursday.
• CEPT shares surged up to 20% on Monday following the news.
• BlackRock-backed Securitize is a leading tokenization infrastructure provider.
• Tokenized assets projected to reach trillions by 2030 by major banks.

KeyAudit data perspective