Securitize to Raise $400M Through SPAC, NYSE Listing Near
BlackRock-backed tokenization firm Securitize plans to raise $400 million via a SPAC merger, with NYSE trading expected to begin next week pending shareholder approval. The announcement pushed CEPT shares up 8 percent.
Yuri Konnov
Securitize was founded in 2017 by Carlos Domingo and has built end-to-end infrastructure for issuing, trading, and servicing tokenized real-world assets. The company currently tokenizes more than $4 billion in real-world assets across its investment platform, supplying tokenization, transfer-agent, and trading technology to products from BlackRock, Apollo, KKR, Hamilton Lane, and VanEck. BlackRock previously led a $47 million strategic funding round in Securitize, establishing the relationship that underpins BlackRock's BUIDL tokenized money market fund.
On the financial performance side, Securitize reported $19.5 million in Q1 2026 revenue, a 39% year-over-year increase. The company's S-4 filing cited a total addressable market of $19 trillion for real-world asset tokenization, a figure drawn from internal projections rather than an independent third-party measurement. According to Blockchain.news reporting on the SEC approval, the broader on-chain RWA market reached $32 billion in May 2026, up 220% from the prior year. RWA.xyz data cited by Bloomingbit placed the same metric — excluding stablecoins — at a record $32 billion for that month.
Citi has projected tokenized assets could reach $5.5 trillion by 2030, while a joint report from Boston Consulting Group and Ripple estimated the market could grow to $18.9 trillion by 2033, according to CoinDesk's coverage of the SEC filing clearance. CoinDesk also noted that the tokenized asset market nearly tripled in a year, surpassing $30 billion. These projections originate from third-party research and are not independently verified in the SEC filing.
One detail in the S-4 filing warrants attention: the document states the combined company will trade on Nasdaq under ticker SECZ, while subsequent reporting from BitRss and Blockchain.news consistently identifies the listing venue as the NYSE. The discrepancy likely reflects an exchange change made after the original S-4 was filed; the more recent operational announcements citing NYSE and July 2 as the trading start date appear to supersede the earlier Nasdaq reference, though Securitize has not issued a formal public correction to the S-4 language as of this writing.
The announcement does not disclose the specific allocation of the $400 million in gross proceeds — how much is earmarked for product development, geographic expansion, regulatory licensing, or balance-sheet purposes. The PIPE investor roster has not been made public beyond the characterization of "new and existing blue-chip institutional investors" in the S-4. The filing also does not specify whether existing shareholders, including BlackRock, Morgan Stanley Investment Management, and Ark Invest, participated in the PIPE round or adjusted their ownership stakes through the transaction.
The immediate concrete effect of the June 29 vote, if approved, is that Securitize will close its merger with Cantor Equity Partners II on July 1 and begin trading as a publicly listed company on July 2, having secured approximately $400 million in gross proceeds at a $1.25 billion pre-money valuation. What the announcement does not establish is the post-close capital deployment plan, the identity of PIPE participants, or how the public listing will affect the fee and governance structures of the existing tokenized funds — including BUIDL — that rely on Securitize's transfer-agent and technology infrastructure.
