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