- Published on
Securitize expects to raise $400M ahead of public debut
- Authors
- Name
- DeepHorus
Securitize, a leading tokenization platform, expects to raise $400 million in gross proceeds as it prepares for its public debut through a merger with Cantor Equity Partners II (CEPT), a special purpose acquisition company backed by Cantor Fitzgerald. The company announced on Friday that less than 30% of CEPT shareholders elected to redeem their shares, a lower-than-expected figure that bolsters the deal's financial outcome. This milestone positions Securitize as one of the most anticipated crypto-related public listings, reflecting growing Wall Street interest in tokenizationāthe process of representing real-world assets on blockchain networks.
Founded over eight years ago, Securitize has established itself as a key player in the tokenization sector, which involves converting assets like equities, bonds, and real estate into digital tokens. The company has secured backing from major institutions such as BlackRock and Morgan Stanley, as well as crypto firms including Coinbase and Circle. Its upcoming listing on the New York Stock Exchange under the ticker SECZ, expected on July 2, marks a significant step for the industry.
The merger is expected to close on July 1, subject to shareholder approval on June 29 and other closing conditions. Securitize anticipates receiving approximately $400 million from the deal, which includes proceeds from the merger and related private investment in public equity (PIPE) financings, excluding transaction expenses. Following the announcement, shares of CEPT rose 7% to $10.86 on Friday, with after-hours trading reaching $11, signaling investor confidence in the tokenization firm's prospects.
The successful capital raise underscores the growing momentum behind tokenization, which is attracting heightened interest from both investors and US regulators. In March, Securitize partnered with the New York Stock Exchange to create tokenized assets for the exchange's upcoming platform. Standard Chartered earlier this month projected that the amount of tokenized assets active in decentralized finance could grow 37-fold to $2.7 trillion by 2030, highlighting the sector's potential scale.
Securitize CEO Carlos Domingo emphasized the significance of the public listing, stating, 'Reaching the public markets is a significant milestone for Securitize and a reflection of the growing momentum behind tokenization.' He added that what was once a theoretical concept is now moving mainstream, with major institutions embracing tokenized securities. The company's success could pave the way for other tokenization platforms to seek public listings.
However, regulatory developments remain a key factor. In mid-May, the US Securities and Exchange Commission reportedly prepared to allow trading of tokenized stocks but delayed the plan after stock exchange officials raised implementation concerns. This uncertainty may influence how quickly tokenization expands, but Securitize's public debut is expected to accelerate adoption. Industry observers will watch closely as the company begins trading on the NYSE, potentially setting a precedent for future tokenized asset offerings.
