Securitize Clears SEC Hurdle for NYSE Debut via SPAC Merger

Securitize, the tokenization specialist backed by BlackRock, is one step closer to going public. The U.S. Securities and Exchange Commission has approved the registration statement for its merger with Cantor Equity Partners II, a SPAC sponsored by an affiliate of Cantor Fitzgerald.

The deal now heads to a shareholder vote on June 29. If approved, the combined company will begin trading on the New York Stock Exchange under the ticker "SECZ."

Tokenization-creating blockchain-based versions of assets like bonds, funds, and equities-is one of the fastest-growing trends in finance. The market now exceeds $30 billion, up nearly threefold in a year. Citi projects it could reach $5.5 trillion by 2030; BCG and Ripple estimate $18.9 trillion by 2033.

Securitize provides the infrastructure behind BlackRock's BUIDL fund, the largest tokenized Treasury product, and works with Apollo, KKR, and Hamilton Lane. It also helped the NYSE build its tokenized securities platform.

Securitize's progress contrasts with Kraken and Consensys, which have paused IPO plans amid market volatility.