Securitize, a major provider of tokenization infrastructure for Wall Street, expects to raise about $400 million. The company is preparing to go public through a merger with a Cantor Fitzgerald-backed special purpose acquisition company.
The firm announced on Friday that the business combination with Cantor Equity Partners II (CEPT) is expected to generate roughly $400 million in gross proceeds. This includes private investment in private equity (PIPE) financing. The announcement came after lower-than-expected shareholder redemptions.
CEPT shares rose 8% following the news. The transaction is scheduled to close on July 1. It is pending shareholder approval on June 29 and other customary closing conditions. The combined company is expected to begin trading on the New York Stock Exchange the next day under the ticker SECZ.
Tokenization gains traction on Wall Street
Tokenization is the process of representing assets such as funds, bonds, and private credit on blockchain networks. It has become one of Wall Street’s fastest-growing digital asset initiatives. The market for tokenized real-world assets, excluding stablecoins, has grown to over $30 billion, according to rwa.xyz. Boston Consulting Group and Ripple project it could reach $18.9 trillion by 2033.
Securitize, backed by large asset managers like BlackRock and Ark Invest, has emerged as a key infrastructure provider in this fast-growing market. The firm helps asset managers like Apollo, KKR, Hamilton Lane, and VanEck issue blockchain-based versions of traditional investment products. Earlier this year, Securitize also helped the New York Stock Exchange build its tokenized securities platform.
CEO sees mainstream adoption
“When we started more than eight years ago, the idea that major institutions would embrace tokenized securities was still largely theoretical,” CEO Carlos Domingo said in a statement. “Today, tokenization is moving into the mainstream.”
The move comes as competition heats up in the space. Securitize recently clashed with tZERO over patents as the race to bring Wall Street onchain intensifies.
