Real-world asset tokenization platform Securitize is one step closer to going public via a SPAC merger, after the SEC approved its Form S-4 registration statement from Cantor Equity Partners II and Securitize on Friday.
Carlos Domingo, CEO of Securitize, said the move marks "another important milestone for Securitize and for the broader institutional adoption of tokenization."
Shareholders are set to vote on June 29. If approved, the combined company will list on the New York Stock Exchange as Securitize Corp, or "SECZ," giving investors access to one of the largest real-world asset tokenization companies globally.
Securitize has $4 billion in assets under management and partners with Apollo, BlackRock, BNY, VanEck, and others. The firm reported first-quarter revenue of $19.5 million, up 39% from the prior-year period.
The NYSE signed a memorandum of understanding with Securitize in March to develop blockchain-based stock trading infrastructure for Wall Street.
Tokenized real-world assets like equities and US Treasuries have seen strong momentum recently. Total RWA value on-chain hit a record $32 billion in May, up 220% over 12 months. Almost half are tokenized US Treasuries; Ethereum dominates with over 60% market share.