Securitize has secured commitments expected to raise about $400 million ahead of its planned debut on the New York Stock Exchange through a merger with Cantor Equity Partners II.
Summary
- Securitize plans to raise approximately $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 company continues to expand its tokenization business with new institutional products.
- The market debut comes as Securitize expands its on-chain asset platform while defending itself in a patent dispute with tZERO.
According to Securitize, less than 30% of shareholders in Cantor Equity Partners II, the special purpose acquisition company that is taking the company public, chose to repurchase their shares after the final results of the buyout.
The company said it now expects to receive approximately $400 million in gross proceeds from the transaction, including the related private investment in public equity (PIPE), before transaction-related expenses.
The proposed listing comes as tokenization companies continue to attract institutional attention, with companies looking to introduce 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 be finalized next week
Market reaction was positive ahead of the vote. Shares of Cantor Equity Partners II closed up 7% at $10.86 on Friday before extending their after-hours gains to $11.
According to Securitize, shareholders are expected 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 symbol SECZ on July 2.
Commenting on the listing, Carlos Domingo, co-founder and CEO of Securitize, said accessing the public markets represented a significant milestone for the company after more than eight years of building tokenization infrastructure.
“Reaching the public markets is an important milestone for Securitize and a reflection of the growing momentum behind tokenization.”
Domingo added that tokenized securities, once considered largely theoretical by large financial institutions, are now integrating into traditional finance as institutional adoption continues to grow.
The public debut also follows several months of company expansion. As previously reported by crypto.news, Securitize recently expanded its tokenized AAA CLO (STAC) fund to the Solana blockchain. The company said Ethena Labs plans to allocate $250 million to the fund, which invests in tranches of U.S. dollar-denominated, AAA-rated collateralized loan obligations.
According to Securitize, the product is developed with BNY acting as custodian of the underlying assets and sub-advisor through BNY Investments.
Institutional Tokenization Activity Continues to Grow
Alongside new investment products, Securitize has continued to expand 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 over 650 funds and oversees over $4 billion in tokenized assets. BlackRock has also deepened its relationship with the company.
In May, crypto.news reported that the asset manager filed a second tokenized fund powered by Securitize with the U.S. Securities and Exchange Commission after its BUIDL fund reached approximately $2.3 billion in assets.
At the same time, Securitize is facing a legal dispute ahead of its market launch. 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 “baseless,” while tZERO said its allegations relate to patents covering compliance systems, investor registry checks, and tokenized market infrastructure.
Separate industry forecasts also indicate continued growth in tokenized finance. Earlier this month, Standard Chartered predicted that tokenized assets used in decentralized finance could reach $2.7 trillion by the end of 2030, an increase from current levels.
