BlackRock-backed tokenization specialist Securitize has moved a step closer to becoming a publicly traded company after the U.S. Securities and Exchange Commission approved a key filing related to its proposed merger with a special purpose acquisition company (SPAC).
The agency declared Securitize’s registration statement effective for its proposed combination with Cantor Equity Partners II (CEPT). The merger is with a blank check company sponsored by an affiliate of Cantor Fitzgerald, the companies announced Friday.
The deal now faces a shareholder vote scheduled for June 29. If approved, the transaction is expected to close shortly thereafter, with the combined company listed on the New York Stock Exchange under the symbol “SECZ.”
This milestone comes as tokenization has become one of the fastest growing financial trends. The process involves creating blockchain-based representations of traditional assets such as funds, bonds, private credit and stocks. Proponents argue that the technology can reduce settlement times, reduce costs and allow assets to trade around the clock.
The market is attracting growing interest from global banks and asset managers, including BlackRock, Franklin Templeton, JPMorgan and Fidelity. The market for tokenized assets has almost tripled in one year, surpassing $30 billion, according to data from RWA.xyz. Citi predicts that tokenized assets could reach $5.5 trillion by 2030, while a joint report from the Boston Consulting Group and Ripple estimates that the market could reach $18.9 trillion by 2033.
Securitize has become one of the industry’s most significant infrastructure providers, providing the tokenization, transfer agent and trading technology behind products from companies including BlackRock, Apollo, KKR, Hamilton Lane and VanEck.
The company’s most high-profile partnership is with BlackRock’s BUIDL fund, a tokenized money market fund launched in 2024 that has become one of the largest tokenized treasury products on the market.
The company is also helping the New York Stock Exchange build its tokenized securities platform earlier this year.
Securitization is moving forward with its IPO plans as several crypto companies such as Kraken and Consensys have halted their efforts amid the turbulence in the crypto markets.
