BlackRock-Backed Securitize Set for NYSE Debut in $400 Million SPAC Deal as Tokenization Enters Wall Street’s Mainstream

One of the biggest names in real-world asset tokenization is preparing to make history. Securitize, the blockchain infrastructure company behind BlackRock’s tokenized money market fund BUIDL, is expected to begin trading on the New York Stock Exchange (NYSE) in early July following the completion of a $400 million SPAC merger with Cantor Equity Partners II. The listing represents one of the most significant public market milestones for the tokenization industry and signals growing institutional confidence in blockchain-powered financial infrastructure.

The transaction comes as tokenized real-world assets (RWAs) continue experiencing explosive growth across global financial markets. With billions of dollars in tokenized Treasuries, private credit, money market funds, and alternative assets already on-chain, Securitize’s public debut could become a defining moment for one of crypto’s fastest-growing sectors.

A $400 Million Public Market Launch

Securitize plans to go public through a merger with Cantor Equity Partners II (CEPT), a special purpose acquisition company (SPAC) sponsored by Cantor Fitzgerald. According to the company, the transaction is expected to generate approximately $400 million in gross proceeds, including an oversubscribed $225 million private investment in public equity (PIPE) financing.

The strong investor participation was aided by lower-than-expected shareholder redemptions, allowing Securitize to retain more than 70% of the SPAC trust—a notable achievement in today’s SPAC market. Pending shareholder approval and customary closing conditions, the combined company is expected to begin trading on the NYSE under the ticker symbol SECZ.

The Company Behind BlackRock’s BUIDL Fund

Securitize has become one of the most influential infrastructure providers in blockchain finance. The company powers BlackRock’s BUIDL Fund, currently the world’s largest tokenized U.S. Treasury fund, while also providing tokenization services for major financial institutions including Apollo, KKR, VanEck, and other institutional asset managers.

Its platform enables traditional financial assets—including private credit, money market funds, investment funds, and equities—to be issued, managed, and transferred on blockchain networks while remaining compliant with securities regulations. Today, Securitize manages more than $4 billion in tokenized assets, making it one of the industry’s largest real-world asset infrastructure providers.

Tokenization Continues Transforming Wall Street

The public listing arrives during one of the strongest growth periods ever recorded for tokenized finance.

Over the past year, global financial institutions have accelerated investments into blockchain infrastructure, with tokenized:

• U.S. Treasury bills
• Money market funds
• Private credit
• Corporate bonds
• Equities
• Alternative investments

Industry researchers estimate that tokenized real-world assets now exceed $30 billion globally, excluding stablecoins, while some forecasts project the market could eventually grow into the multi-trillion-dollar range over the next decade. Unlike previous crypto cycles driven largely by retail speculation, tokenization is increasingly being led by banks, asset managers, and institutional investors.

Strong Investor Confidence Defies SPAC Trends

One of the most notable aspects of Securitize’s transaction is the relatively low redemption rate. Many SPAC mergers over the past several years have experienced redemption rates exceeding 90%, dramatically reducing the amount of capital available after closing. In Securitize’s case, fewer than 30% of shareholders chose to redeem their shares, allowing the company to preserve the majority of its trust capital.

Combined with the oversubscribed PIPE financing, the result gives Securitize one of the strongest balance sheets among recent SPAC-backed public listings. The additional capital is expected to support continued product development, international expansion, regulatory initiatives, and institutional partnerships.

Public Markets Are Beginning to Embrace Blockchain Infrastructure

Securitize’s listing reflects a broader trend taking shape across traditional finance. Rather than investing directly in cryptocurrencies, public market investors are increasingly gaining exposure to the infrastructure supporting blockchain adoption. Companies focused on custody, tokenization, compliance, settlement, and financial infrastructure are emerging as some of the sector’s most attractive long-term investment opportunities.

For Securitize, becoming a publicly traded company provides additional credibility with institutional clients while giving the company access to new capital markets that can accelerate future expansion.

A Milestone for Real-World Asset Tokenization

The listing also highlights how quickly tokenization has evolved. Just a few years ago, tokenized securities remained largely experimental. Today, many of the world’s largest financial institutions—including BlackRock, Franklin Templeton, Apollo, Fidelity, and JPMorgan—are actively building blockchain-based investment products. Securitize has emerged as one of the companies providing the infrastructure enabling that transition, positioning itself at the center of Wall Street’s growing embrace of blockchain technology.