Key facts
- Securitize secured shareholder approval for its SPAC merger with Canton Equity Partners II.
- 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, a tokenization platform backed by financial institutions including BlackRock and Morgan Stanley, is set to debut on the New York Stock Exchange (NYSE) this Thursday. Shareholders of Canton Equity Partners II (CEPT) approved the proposed SPAC merger, marking a significant step toward the transaction's consummation. The combined company will operate as Securitize Corp. and trade under the ticker symbol SECZ, with the merger expected to close by Wednesday.
Shares of CEPT surged nearly 20% on Monday amid the merger approval. Founded in 2017, Securitize is a key provider of tokenization infrastructure for asset managers like BlackRock, Apollo, KKR, and VanEck. The listing comes as financial institutions increasingly focus on tokenizing real-world assets, a market projected by Citi to reach $5.5 trillion by 2030 and by Standard Chartered to hit $2 trillion by 2028.