Securitize, one of the largest providers of tokenization infrastructure to Wall Street, hopes to raise around $400 million as it prepares to go public through a merger with a special purpose acquisition company backed by Cantor Fitzgerald.
The company said Friday that, following lower-than-expected shareholder redemptions, the business combination with Cantor Equity Partners II (CEPT) is expected to generate approximately $400 million in gross proceeds, including private investment in private equity (PIPE) financing.
CEPT rose 8% following the news.
The transaction is scheduled to close on July 1, 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 following day under the symbol SECZ.
Tokenization – the process of representing assets such as funds, bonds, and private credit on blockchain networks – has become one of the fastest-growing digital asset initiatives on Wall Street. The real-world tokenized asset market has grown to more than $30 billion excluding stablecoins, according to rwa.xyz, while Boston Consulting Group and Ripple project it could reach $18.9 trillion by 2033.
