Securitize said it has secured commitments expected to generate about $400 million in gross proceeds ahead of its planned New York Stock Exchange debut through a merger with special purpose acquisition company Cantor Equity Partners II. The figure includes related PIPE financing and is stated before transaction expenses. The company also said that, based on final redemption results, fewer than 30% of Cantor Equity Partners II shareholders chose to redeem their shares.
Shareholder vote is set for Monday, trading may start July 2
The deal is now close to completion. According to Securitize, shareholders are scheduled to vote on the merger on Monday. If the proposal is approved and the remaining closing conditions are met, the transaction is expected to close on July 1, and the combined company is expected to begin trading on the NYSE on July 2 under the ticker SECZ.
Investors have already reacted to the pending vote. Shares of Cantor Equity Partners II closed 7% higher at $10.86 on Friday and then rose to $11 in after-hours trading. Securitize co-founder and CEO Carlos Domingo said entry into the public market marks a major point for the company after more than eight years of building tokenization infrastructure. He added that tokenized securities, once treated as largely theoretical by major financial institutions, are now moving into mainstream finance as institutional adoption grows.
Institutional tokenization platform keeps adding scale
Securitize is backed by BlackRock, Morgan Stanley, Coinbase, and Circle, and has become one of the larger tokenization infrastructure providers serving financial institutions. Earlier reporting cited in the source said the firm provides tokenization infrastructure for more than 650 funds and oversees more than $4 billion in tokenized assets.
The company has also expanded its role in tokenized capital markets. Earlier this year, Securitize partnered with the New York Stock Exchange to support the exchange’s planned tokenized securities platform. BlackRock has deepened its relationship with the firm as well. In May, it was reported that after BlackRock’s BUIDL fund grew to roughly $2.3 billion in assets, the asset manager filed a second Securitize-powered tokenized fund with the U.S. Securities and Exchange Commission.
Solana expansion comes as legal dispute remains active
Recent product growth has continued alongside the listing process. Securitize extended its Tokenized AAA CLO Fund, or STAC, to the Solana blockchain and said Ethena Labs plans to allocate $250 million to the vehicle. The fund invests in U.S. dollar-denominated AAA-rated collateralized loan obligation tranches. BNY serves as custodian of the underlying assets and acts as sub-adviser through BNY Investments.
At the same time, the company is dealing with a patent dispute before its public debut. Securitize recently asked the U.S. District Court for the District of Delaware to declare that its products do not infringe patents owned by tZERO after receiving a cease-and-desist letter. Securitize described the allegations as “without merit.” tZERO said its claims relate to patents covering compliance systems, investor registry checks, and tokenized market infrastructure.
Broader forecasts cited in the report point to a larger market opening up for tokenized finance. Earlier this month, Standard Chartered projected that tokenized assets used in DeFi could reach $2.7 trillion by the end of 2030.