Securitize has secured commitments expected to deliver about $400 million ahead of its planned New York Stock Exchange debut through a merger with Cantor Equity Partners II.
Summary
- Securitize expects to raise about $400 million ahead of its planned NYSE listing through a merger with Cantor Equity Partners II.
- Backed by BlackRock, Morgan Stanley, Coinbase, and Circle, the firm continues expanding its tokenization business with new institutional products.
- The market debut comes as Securitize grows its on-chain asset platform while defending itself in a patent dispute with tZERO.
According to Securitize, fewer than 30% of shareholders in Cantor Equity Partners II, the special purpose acquisition company taking the firm public, chose to redeem their shares following the final redemption results.
The company said it now expects to receive approximately $400 million in gross proceeds from the transaction, including related private investment in public equity (PIPE) financing, before transaction-related expenses.
The proposed listing comes as tokenization companies continue attracting institutional attention, with firms seeking to bring traditional financial assets onto blockchain networks. Securitize counts BlackRock, Morgan Stanley, Coinbase, and Circle among its backers and has become one of the largest providers of tokenization infrastructure for financial institutions.
The merger is expected to complete next week
Market reaction has been positive ahead of the vote. Shares of Cantor Equity Partners II closed 7% higher at $10.86 on Friday before extending gains in after-hours trading to $11.
According to Securitize, shareholders are scheduled to vote on the merger on Monday. If approved and all remaining closing conditions are satisfied, the transaction is expected to close on July 1. The combined company is then expected to begin trading on the New York Stock Exchange under the ticker SECZ on July 2.
Commenting on the listing, Securitize co-founder and CEO Carlos Domingo said reaching the public markets represents an important step for the company after more than eight years of building tokenization infrastructure.
“Reaching the public markets is a significant milestone for Securitize and a reflection of the growing momentum behind tokenization.”
Domingo added that tokenized securities, once considered largely theoretical by major financial institutions, are now moving into mainstream finance as institutional adoption continues to grow.
The public debut also follows several months of expansion for the company. As previously reported by crypto.news, Securitize recently extended its Tokenized AAA CLO Fund (STAC) to the Solana blockchain. The company said Ethena Labs plans to allocate $250 million to the fund, which invests in U.S. dollar-denominated AAA-rated collateralized loan obligation tranches.
According to Securitize, the product is developed with BNY serving as custodian of the underlying assets and sub-adviser through BNY Investments.
Institutional tokenization business continues to expand
Alongside new investment products, Securitize has continued growing its role in tokenized capital markets. Earlier this year, the company partnered with the New York Stock Exchange to support the exchange’s planned tokenized securities platform.
Crypto.news previously reported that Securitize provides tokenization infrastructure for more than 650 funds and oversees more than $4 billion in tokenized assets. BlackRock has also deepened its relationship with the firm.
In May, crypto.news reported that the asset manager filed a second Securitize-powered tokenized fund with the U.S. Securities and Exchange Commission after its BUIDL fund expanded to roughly $2.3 billion in assets.
At the same time, Securitize is dealing with a legal dispute ahead of its market debut. As reported by crypto.news, the company recently asked the U.S. District Court for the District of Delaware to declare that its products do not infringe patents owned by tZERO after receiving a cease-and-desist letter. Securitize called the allegations “without merit,” while tZERO said its claims involve patents covering compliance systems, investor registry checks, and tokenized market infrastructure.
Separate industry forecasts also point to continued growth in tokenized finance. Earlier this month, Standard Chartered projected that tokenized assets used in decentralized finance could reach $2.7 trillion by the end of 2030, up from current levels.
