Securitize, a BlackRock-backed tokenization specialist, said on Monday that it cleared one last major hurdle to becoming a public company after Cantor Equity Partners II (CEPT) shareholders approved the companies’ proposed merger on Monday.
The transaction is expected to close on Wednesday, subject to customary closing conditions, and the combined company will begin trading on the New York Stock Exchange on Thursday under the symbol SECZ, the company said in an X publication.
CEPT stock rose as much as 20% during Monday’s session.
Founded in 2017, Securitize has become one of the leading providers of tokenization infrastructure, helping asset managers such as BlackRock, Apollo, KKR and VanEck issue blockchain-based versions of traditional investment products. The company counts BlackRock and ARK Invest among its early investors.
The listing comes as tokenization (the process of representing traditional assets such as funds, bonds and private credit on blockchain networks) gains traction on Wall Street. Citi has projected that tokenized assets could reach $5.5 trillion by 2030, while Standard Chartered estimated the market could grow to $2 trillion by 2028 as financial institutions move more and more real-world assets onto blockchain rails.
The debut on the NYSE will provide public market investors with one of the few exclusive opportunities to gain exposure to the rapidly growing tokenization sector.
