Cantor Fitzgerald partners with Securitize on blockchain-native stock issuance

Cantor Fitzgerald partners with Securitize on blockchain-native stock issuance

The firms aim to support tokenized IPOs and follow-on offerings within existing U.S. securities rules, extending tokenization from secondary trading into corporate capital formation.

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AVAX

Summary

Cantor Fitzgerald and Securitize are building infrastructure for blockchain-based IPOs and follow-on equity offerings that would let companies raise capital through tokenized securities while remaining within the existing U.S. securities framework. The arrangement pushes tokenization beyond secondary-market trading into primary issuance, where companies sell new shares to investors to raise money. Securitize will provide the technology used to issue, distribute and service the securities, while its SEC-registered broker-dealer affiliate, Securitize Markets LLC, will participate in the offering and settlement process. Cantor will contribute its equity capital markets, trading and distribution capabilities. The companies said issuers would stay inside the established public-offering framework while gaining blockchain-based ownership records, greater transaction transparency and potentially more efficient servicing. The partnership comes against a large conventional IPO market that could become an addressable opportunity for tokenized issuance. SEC data show 376 IPOs raised about $70.28 billion in 2025, and another 99 offerings raised $22.04 billion in the first quarter of 2026. Securitize CEO Carlos Domingo said public companies should not have to choose between access to traditional capital markets and the benefits of blockchain technology, while Cantor Co-CEO Pascal Bandelier said the bank was applying its IPO experience to onchain settlement and distribution after ranking No. 1 in U.S. IPOs in 2025, citing Bloomberg’s equity IPO league table. The initiative follows Securitize’s July 2 debut on the New York Stock Exchange under ticker SECZ after a business combination with Cantor Equity Partners II. Securitize also placed an issuer-sponsored version of its own common stock on Avalanche and Solana for eligible U.S. investors, with the tokenized shares representing the same underlying SECZ common stock rather than a synthetic instrument or separate share class. The company reported more than $5 billion in tokenized assets under management as of July 2026 and counts BlackRock, Apollo, BNY, Hamilton Lane, KKR and Vaneck among its partners. Neither company has yet identified a first issuer, offering date or fundraising target, leaving execution and adoption as the next test.

Terms & Concepts
  • tokenized IPOs: Initial public offerings in which shares are issued and recorded as digital securities using blockchain-based infrastructure.
  • onchain settlement: The process of recording and finalizing ownership transfers of securities on a blockchain network.
  • issuer-sponsored: A structure in which the company itself supports or authorizes the tokenized version of its securities.