Securitize, backed by BlackRock, advances toward NYSE public listing

Securitize, a tokenization company backed by BlackRock, is on track to go public on the New York Stock Exchange following the approval of its merger by the U.S. Securities and Exchange Commission (SEC).

Milestone Achieved

The SEC has declared effective the registration statement for Securitize's merger with Cantor Equity Partners II, a special purpose acquisition company (SPAC) linked to Cantor Fitzgerald. A shareholder vote on the merger is scheduled for June 29, with the deal expected to close shortly after, enabling the new entity to trade under the ticker "SECZ" on the NYSE.

Growing Tokenization Market

This progress comes amid a surge in interest for tokenization in the financial sector, which involves creating blockchain-based representations of traditional assets. The market for tokenized assets has nearly tripled in value over the past year, surpassing $30 billion. Major financial institutions are increasingly investing in this area, with projections estimating the market could reach $5.5 trillion by 2030, and even $18.9 trillion by 2033.

Securitize has established itself as a key player, providing infrastructure for tokenization, transfer-agent, and trading technologies for prominent firms including BlackRock and Apollo. Their collaboration with BlackRock's BUIDL fund, which launched a tokenized money market fund in 2024, has been particularly significant.

As Securitize advances toward its public listing, it stands out in a landscape where other crypto firms, such as Kraken and Consensys, have paused their public offering plans due to market volatility. This highlights the potential and resilience of tokenization in the current economic climate.