BlackRock-backed tokenization specialist Securitize took another step toward becoming a publicly traded company after the U.S. Securities and Exchange Commission approved a key filing related to its planned merger with a special purpose acquisition company (SPAC).
The agency declared effective Securitize’s registration statement for its proposed combination with Cantor Equity Partners II (CEPT). The merger is with a blank check company sponsored by an affiliate of Cantor Fitzgerald, the companies said Friday.
The deal now heads to a shareholder vote scheduled for June 29. If approved, the transaction is expected to close shortly thereafter, with the combined company trading on the New York Stock Exchange under the symbol “SECZ.”
The milestone comes as tokenization has become one of the fastest growing trends in finance. The process involves creating blockchain-based representations of traditional assets such as funds, bonds, private credit, and stocks. Proponents argue that the technology can reduce settlement times, reduce costs and allow assets to be traded 24 hours a day.
The market has attracted growing interest from global banks and asset managers, including BlackRock, Franklin Templeton, JPMorgan and Fidelity. The tokenized asset market nearly tripled in one year topping $30 billion, RWA.xyz data shows. Citi has projected that tokenized assets could reach $5.5 trillion by 2030, while a joint report by Boston Consulting Group and Ripple estimated the market could grow to $18.9 trillion by 2033.
Securitize has become one of the industry’s leading infrastructure providers, providing tokenization, transfer agent and trading technology behind products from companies such as BlackRock, Apollo, KKR, Hamilton Lane and VanEck.
The company’s highest-profile partnership is with BlackRock’s BUIDL fund, a tokenized money market fund launched in 2024 that has become one of the largest tokenized Treasury products on the market.
The company is also helping the New York Stock Exchange build its tokenized securities platform earlier this year.
Securitize moving forward with its plan to go public is notable as several crypto companies, such as Kraken and Consensys, have paused their efforts amid the turbulent crypto markets.
