Securitize, the BlackRock-backed tokenization firm, is scheduled to begin trading on the New York Stock Exchange under the ticker SECZ on July 2. The company expects to raise about $400 million through its merger with Cantor Equity Partners II.
The transaction is set to close on July 1, pending shareholder approval on June 29. Following lower-than-expected redemptions, the deal is expected to generate roughly $400 million in gross proceeds, including PIPE financing.
Securitize provides infrastructure for tokenizing real-world assets. It has worked with firms including Apollo, KKR and VanEck. The market for tokenized assets now exceeds $30 billion, according to RWA.xyz.
CEO Carlos Domingo said in a statement that tokenization is moving into the mainstream after more than eight years of development. Shares of CEPT rose 8 percent after the announcement.
The combined company will list on the NYSE the day after the merger closes.
