Securitize advances toward NYSE listing after SEC clears merger filing

Securitize moved closer to a public listing after the U.S. Securities and Exchange Commission declared effective the registration statement for its merger with special purpose acquisition company Cantor Equity Partners II. CEPT shareholders of record as of May 11, 2026, are scheduled to vote on the deal at a special meeting on June 29. If approved, the combined company is expected to operate as Securitize Corp. and trade on the New York Stock Exchange under the ticker SECZ. The blank-check company is sponsored by an affiliate of Cantor Fitzgerald. The company provides tokenization, transfer-agent and trading infrastructure used by BlackRock, Apollo Global Management, KKR, Hamilton Lane and VanEck. Its most prominent client relationship is with BlackRock’s BUIDL fund, a tokenized money market vehicle launched in 2024 that RWA.xyz estimates has about $2.4 billion in assets, placing it among the largest tokenized Treasury products. Securitize reported first-quarter 2026 revenue of $19.5 million, up 39% from a year earlier, with transaction volume of $1.9 million. Average tokenized assets under management reached $3.2 billion during the quarter and rose to $3.4 billion by March 31. Profitability weakened, however, as adjusted EBITDA fell to $0.8 million from $4.1 million in the first quarter of 2025, and the company posted a net loss of $7.9 million. The planned listing comes as tokenized real-world assets excluding stablecoins have grown to about $31.15 billion across more than 850,000 holders, according to RWA.xyz, while large financial institutions and regulators are building more formal market structures around tokenized securities. Securitize is also working with the NYSE on a tokenized securities platform, and SEC Division of Trading and Markets Director Jamie Selway said on June 4 that Chairman Paul Atkins had directed the division to build a framework to list and trade tokenized securities. Selway also said the SEC is coordinating with CFTC staff on areas including swap and security-based swap reporting, portfolio margining and product definitions. Securitize’s decision to press ahead is notable as some other crypto firms, including Kraken and Consensys, have paused IPO efforts amid volatile market conditions. Investors are now focused on the June 29 vote and whether the transaction closes on the timetable outlined by the companies.