Tokenization · New York · Wall Street · CoinDesk
Securitize aims to raise $400 million as tokenization firm nears public debut
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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.
Key facts
- 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
- 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
- The transaction is scheduled to close on July 1, pending shareholder approval on June 29 and other customary closing conditions
- 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
Summary
Securitize expects to raise about $400 million as it targeting a public debut via a merger with a Cantor Fitzgerald-backed SPAC. The deal, slated to close July 1 pending shareholder approval, would list the combined company on the New York Stock Exchange under the ticker SECZ. Securitize’s move comes as tokenization of real-world assets has grown into a more than $30 billion market, with projections that it could reach $18.9 trillion by 2033. 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.