Key facts
- Securitize secured shareholder approval for its SPAC merger with Canton Equity Partners II (CEPT).
- The transaction is scheduled to close on Wednesday, with trading to commence Thursday on the NYSE.
- The combined entity will trade under the ticker SECZ.
- Securitize is a tokenization specialist backed by BlackRock and ARK Invest.
- The listing occurs as Wall Street institutions increase efforts in asset tokenization.
Securitize has cleared a significant hurdle to becoming a publicly traded company, with shareholders of Canton Equity Partners II (CEPT) approving their proposed merger. The transaction is expected to finalize on Wednesday, and the combined entity will commence trading on the New York Stock Exchange on Thursday under the ticker symbol SECZ.
Shares of CEPT saw a notable increase, rising as much as 20% during Monday's trading session in anticipation of the merger's approval. Founded in 2017, Securitize has established itself as a key provider of tokenization infrastructure, facilitating the issuance of blockchain-based versions of traditional investment products for asset managers such as BlackRock, Apollo, KKR, and VanEck. BlackRock and ARK Invest are among its early backers.
The upcoming listing on the NYSE arrives at a time when tokenization, the process of representing traditional assets on blockchain networks, is gaining momentum within the financial industry. Projections from Citi suggest the tokenized asset market could reach $5.5 trillion by 2030, while Standard Chartered estimates it could grow to $2 trillion by 2028, driven by financial institutions increasingly adopting blockchain technology for real-world assets. The NYSE debut will offer public market investors a direct opportunity to invest in the expanding tokenization sector.