Wall Street's Next Tokenization Test: BlackRock-Backed Securitize's Market Debut
Wall Street’s appetite for tokenization will get an early test with Securitize’s planned NYSE debut under ticker SECZ after merging with a Cantor Fitzgerald-backed SPAC. The deal is expected to bring in about $400 million, helped by low SPAC redemptions. Backed by BlackRock, Securitize has spent eight years building infrastructure for tokenized real-world assets and says it now manages more than $4 billion in assets. Its biggest product is BlackRock’s BUIDL tokenized money market fund, and it also works with Apollo, BNY, Hamilton Lane, and KKR. The company argues that tokenization is moving from niche plumbing toward mainstream finance, though regulators remain cautious about tokenized stocks and governance issues. SEC chair Paul Atkins and BlackRock’s Larry Fink have both said the technology could materially reshape markets.
