Securitize expects to raise $400M ahead of public debut
Securitize expects about $400 million in gross proceeds from its merger with Cantor Equity Partners II, a SPAC backed by Cantor Fitzgerald, including PIPE financing and excluding expenses. Fewer than 30% of CEPT shareholders redeemed, easing concerns ahead of the deal. The merger is expected to close July 1 after shareholder approval, with Securitize set to trade on the NYSE under ticker SECZ on July 2. The listing marks a major public-market debut for a crypto-linked firm focused on tokenization, where real-world assets are represented on blockchains. Securitize has support from major institutions including BlackRock and Morgan Stanley, as well as crypto firms Coinbase and Circle. Market interest in tokenization is growing, alongside increasing regulatory attention in the US. Shares of CEPT rose on the news.
