Securitize, which provides tokenization infrastructure for Wall Street, is preparing to go public by merging with a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald. If shareholders give their approval, the transaction is expected to close on July 1, with shares of the combined entity trading under the ticker SECZ on the New York Stock Exchange shortly thereafter.
Targeting $400 million in gross proceeds
According to information released by Securitize on Friday, the deal is projected to generate approximately $400 million in gross proceeds. This includes funding from a PIPE, or Private Investment in Public Equity, sourced from private institutional investors. The higher-than-expected proceeds are attributed to fewer shareholders exercising redemption rights than was initially anticipated.
The merger is scheduled to be finalized following a shareholder vote on June 29 and the fulfillment of customary closing conditions. If the timeline holds, the newly formed company will begin trading on the NYSE as of July 2.
Rapid growth in the tokenization market
The tokenization of real-world assets refers to representing traditional financial instruments—such as funds, bonds, and private credit—on blockchain networks. This area has rapidly become one of the fastest-growing digital asset segments on Wall Street, as institutions seek enhanced efficiency and transparency in asset management.
For reference, PIPE financing is a private investment model in which select investors inject capital directly into a company during its public listing or merger process. A SPAC, meanwhile, is a corporate structure designed to acquire an operating business and list it on a public exchange.
According to rwa.xyz data, the total value of tokenized real-world assets, excluding stablecoins, has now surpassed $30 billion. Projections published by Boston Consulting Group and Ripple suggest the tokenization market could reach $18.9 trillion by 2033.
Notable Wall Street backing
Securitize, which counts leading investment firms such as BlackRock and Ark Invest among its backers, is recognized as a key infrastructure provider in this rapidly expanding market. The company facilitates blockchain-based issuance of traditional investment products for asset managers like Apollo, KKR, Hamilton Lane, and VanEck.
Earlier this year, Securitize was also credited with contributing to the establishment of a tokenized securities platform for the New York Stock Exchange. Through such initiatives, the firm acts as a vital bridge between traditional capital markets and blockchain-powered financial applications.
Leadership emphasizes mainstream adoption
CEO Carlos Domingo recalled that when the company was founded more than eight years ago, major institutions viewed tokenized securities as little more than a theory. Now, he emphasized, tokenization is steadily moving into the mainstream.
Securitize’s move toward a public listing comes amid accelerating growth in the tokenization field. The proposed merger is being closely watched for what it signals about Wall Street’s digital asset strategies and the broader movement to bring real-world assets onto the blockchain.
