Securitize, one of the largest providers of tokenization infrastructure for Wall Street, is preparing to go public through a merger with a Cantor Fitzgerald-backed special purpose acquisition company and expects to raise approximately $400 million.
The company announced on Friday that its business combination with Cantar Equity Partners II (CEPT) is expected to generate approximately $400 million in gross proceeds, including private equity investment (PIPE) financing, after shareholder redemptions were lower than expected.
CEPT rose 8% on the news.
The transaction is expected to close on July 1, subject to stockholder approval on June 29 and other customary closing conditions. The combined company is scheduled to begin trading on the New York Stock Exchange the next day under the ticker SECZ.
Tokenization, the process of representing assets such as funds, bonds, and private credits on blockchain networks, has become one of Wall Street’s fastest-growing digital asset initiatives. According to rwa.xyz, the tokenized real-world asset market has grown to more than $30 billion, excluding stablecoins, and Boston Consulting Group and Ripple predict it will reach $18.9 trillion by 2033.
