BlackRock-backed Securitize to raise $400 million nearing public debut; CEPT jumps 8%

Securitize, one of the largest providers of tokenization infrastructure for Wall Street, expects to raise about $400 million as it prepares to go public through a merger with a Cantor Fitzgerald-backed special purpose acquisition company.

The company said Friday that, following lower-than-expected shareholder redemptions, the business combination with Cantor Equity Partners II (CEPT) is expected to generate roughly $400 million in gross proceeds, including private investment in private equity (PIPE) financing.

CEPT was 8% higher 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 ticker SECZ.

Tokenization — the process of representing assets such as funds, bonds and private credit on blockchain networks — has become one of Wall Street's fastest-growing digital asset initiatives. The market for tokenized real-world assets 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.

Securitize, backed by large asset managers like BlackRock and Ark Invest, has emerged as a key infrastructure provider in the fast-growing tokenization market, helping asset managers including Apollo, KKR, Hamilton Lane and VanEck issue blockchain-based versions of traditional investment products. The firm is also helping the New York Stock Exchange build its tokenized securities platform earlier this year.

"When we started more than eight years ago, the idea that major institutions would embrace tokenized securities was still largely theoretical," CEO Carlos Domingo said in a statement. "Today, tokenization is moving into the mainstream."

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