Securitize, the tokenization company backed by BlackRock, is set to begin trading on the New York Stock Exchange next week with the ticker SECZ, following the completion of its merger with a special purpose acquisition company (SPAC). The listing is seen as a crucial test of Wall Street’s appetite for companies focused on the tokenization of real-world assets.
Public debut and trading plans
Securitize, a company specializing in the digital representation of real-world assets, is preparing for its debut on the stock market after merging with Cantor Equity Partners II, a SPAC supported by Cantor Fitzgerald. According to the company, fewer than 30% of the ordinary shares of Cantor Equity Partners II were submitted for redemption by investors, accelerating the transaction’s finalization.
Through the merger and related private financing deals, Securitize is expected to raise approximately $400 million. Founded eight years ago, this milestone underlines the growing adoption of tokenization in institutional finance, marking a significant evolution for both Securitize and the sector.
Securitize CEO Carlos Domingo highlighted that while institutional adoption of tokenized securities was once mostly theoretical, tokenization is now entering the mainstream. He emphasized that going public will boost the company’s visibility, credibility, and access to capital.
Institutional clients and assets under management
In recent years, Securitize has evolved into an infrastructure partner not only for BlackRock but also for institutions like Apollo, BNY Mellon, Hamilton Lane, and KKR. BlackRock partnered with Securitize in 2024 to launch a tokenized money market fund. Earlier this March, Securitize and the New York Stock Exchange also announced a partnership to build blockchain-based securities systems.
As of June, the company reported assets under management exceeding $4 billion. According to RWA.xyz data, Securitize’s largest serviced product as of Friday was BlackRock’s tokenized BUIDL fund, valued at $2.4 billion.
Glossary: Tokenization is the process of issuing digital representations of financial assets such as equities, fund shares, or bonds on a blockchain. The term RWA (real-world assets) refers to digitalized versions of off-chain assets like real estate, bonds, or money market funds.
| Title | Data |
|---|---|
| Ticker | SECZ |
| Expected proceeds | Approximately $400 million |
| Assets under management | Over $4 billion |
| BUIDL fund size | $2.4 billion |
Regulatory discussions and market impact
Securitize’s public listing comes as the U.S. Securities and Exchange Commission is reviewing proposed regulatory exemptions for tokenized shares. According to Bloomberg, the commission delayed planned action last month amid concerns about third-party issuers. There are worries that tokens issued on-chain could complicate institutional trading and governance obligations.
Carlos Domingo has recently argued that, instead of wrapping existing securities in digital layers after issuance, assets should be natively issued on-chain to unlock tokenization’s full potential at scale.
SEC Chairman Paul Atkins has stated that tokenization holds the potential to simplify operations and transform financial markets.
These comments echo similar views shared by BlackRock CEO Larry Fink during the crypto market downturn in 2022. Securitize’s public debut could reinforce the narrative that tokenization is shifting from a theoretical financial infrastructure concept to a transparent, institutional business model.
