Securitize has secured commitments that are expected to bring in approximately $400 million in cash ahead of a planned New York Stock Exchange listing in a merger with Cantor Equity Partners II.
Summary
- Securitize expects to raise approximately $400 million in capital ahead of its planned NYSE listing in a merger with Cantor Equity Partners II.
- Backed by BlackRock, Morgan Stanley, Coinbase, and Circle, the company continues to expand its token business with new institutional products.
- The market launch comes as Securitize expands its on-chain asset platform while fending off a patent dispute with tZERO.
According to Securitize, less than 30% of shareholders in Cantor Equity Partners II, a special-purpose private equity firm, chose to redeem their shares following the final results of the redemption.
The company said it now expects to receive approximately $400 million in gross proceeds, including related private equity investments in Public Equity (PIPE), before transaction-related costs.
The proposed listing comes as token companies continue to attract institutional attention, with firms seeking to bring traditional financial assets to blockchain networks. Securitize counts BlackRock, Morgan Stanley, Coinbase, and Circle among its backers and has become one of the largest providers of token infrastructure for financial institutions.
The merger is expected to be completed next week
Market reaction was positive ahead of the vote. Shares of Cantor Equity Partners II closed 7% higher at $10.86 on Friday before extending gains to $11 in after-hours trading.
According to Securitize, shareholders are scheduled to vote on the merger on Monday. If approved and all remaining closing conditions are satisfied, the transaction is expected to close on July 1. The combined company is expected to begin trading on the New York Stock Exchange under the ticker SECZ on July 2.
Commenting on the listing, Securitize founder and CEO Carlos Domingo said that access to the public markets represents an important step for the company after more than eight years of building the token infrastructure.
“Access to the public markets is a milestone for Securitize and demonstrates the growing momentum for tokenization.”
Domingo added that tokenized securities, once considered largely theoretical by large financial institutions, are now entering mainstream finance as institutional acceptance continues to grow.
The public launch also follows several months of expansion for the company. As previously reported by crypto.news, Securitize has recently expanded its Tokenized AAA CLO Fund (STAC) on the Solana blockchain. The company said Athena Labs plans to allocate $250 million to the fund, which invests in AAA-rated U.S. dollar-denominated debt.
According to Securitize, the product is being developed with BNY acting as custodian of the underlying assets and sub-adviser with BNY Investments.
The institutional token business continues to grow
Along with new investment products, Securitize has continued to grow its role in the tokenized financial markets. Earlier this year, the company partnered with the New York Stock Exchange to support an organized exchange of securities and tokens platform.
Crypto.news previously reported that Securitize provides token infrastructure for more than 650 funds and oversees more than $4 billion in token assets. BlackRock also deepened its relationship with the company.
In May, crypto.news reported that the asset manager filed a second Securitize-powered tokenized fund with the US Securities and Exchange Commission after its BUIDL fund expanded to about $2.3 billion in assets.
At the same time, Securitize is facing a legal dispute before the start of its market. As reported by crypto.news, the company recently asked the US District Court for the District of Delaware to declare that its products do not infringe tZERO’s patents after receiving a cease and desist order. Securitize called the allegations “without merit,” while tZERO said its claims included patents covering compliance systems, investor registry checks, and token market infrastructure.
Various industry forecasts also point to continued growth in cheap currencies. Earlier this month, Standard Chartered predicted that token assets used in decentralized finance could reach $2.7 trillion by the end of 2030, from current levels.
