BlackRock-backed Securitize to raise $400 million, go public on NYSE next week

Tokenization firm Securitize expects to raise about $400 million through a SPAC merger with Cantor Fitzgerald, listing on the NYSE under ticker SECZ. The deal is set to close July 1 pending shareholder approval.

• Securitize is merging with Cantor Equity Partners II (CEPT) and expects to generate roughly $400 million in gross proceeds.
• The combined company will begin trading on the New York Stock Exchange under the ticker SECZ on July 2.
• Securitize is backed by BlackRock and Ark Invest and helps asset managers like Apollo and KKR issue tokenized funds.
• The tokenized real-world asset market has grown to over $30 billion, with projections of $18.9 trillion by 2033.
• Securitize is also helping the NYSE build its tokenized securities platform.

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