Securitize, a tokenization infrastructure provider, announced on June 26 that it will go public on the New York Stock Exchange through a SPAC merger. The deal is expected to generate roughly $400 million in gross proceeds, including a PIPE (Private Investment in Public Equity) from institutional investors.
SPAC Details: $400M in Gross Proceeds
According to Securitize, the merger is projected to close after a shareholder vote scheduled for June 29, subject to customary closing conditions. If the timeline holds, the combined company will begin trading on the NYSE on July 2. The higher-than-expected proceeds stem from fewer shareholders exercising redemption rights than initially anticipated. A SPAC is a corporate vehicle designed to acquire an operating business and list it on a public exchange; PIPE financing allows select investors to inject capital directly during the public listing or merger process.
Tokenization Market Surges: RWA Value Tops $30B
The tokenization of real-world assets (RWAs) refers to representing traditional financial instruments—such as funds, bonds, and private credit—on blockchain networks. This sector has become one of the fastest-growing digital asset segments on Wall Street as institutions seek enhanced efficiency and transparency. Data from rwa.xyz shows the total value of tokenized RWAs, excluding stablecoins, has surpassed $30 billion. A report from Boston Consulting Group and Ripple projects the market could reach $18.9 trillion by 2033.
Wall Street Heavyweights: BlackRock and Ark Invest Among Backers
Securitize counts leading investment firms such as BlackRock and Ark Invest among its backers, and 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 including Apollo, KKR, Hamilton Lane, and VanEck. Earlier this year, Securitize contributed to building a tokenized securities platform for the New York Stock Exchange. These initiatives cast the firm as a vital bridge between traditional capital markets and blockchain-powered finance.
CEO: Tokenization ‘Steadily Moving Into the Mainstream’
CEO Carlos Domingo recalled that when the company was founded over eight years ago, major institutions viewed tokenized securities as little more than a theory. “Now,” he said, “tokenization is steadily moving into the mainstream.” The public listing move comes amid accelerating growth in the tokenization field and is closely watched for what it signals about Wall Street’s digital asset strategies and the broader push to bring real-world assets onto the blockchain.