Securitize Nears NYSE Listing After SEC Clears SPAC Merger Registration

Securitize, a real-world asset tokenization platform, moved a step closer to a New York Stock Exchange listing after receiving approval from the U.S. Securities and Exchange Commission.

Cointelegraph reported on June 8 that the SEC had declared effective the S-4 registration statement for Securitize's merger with special purpose acquisition company Cantor Equity Partners II.

The companies will ask shareholders to vote on the deal at a June 29 meeting. If approved, the combined company will list on the NYSE as Securitize Corp. under the ticker SECZ.

Securitize currently manages about $4 billion in assets. The company works with major asset managers including BlackRock, Apollo, BNY and VanEck to offer tokenized fund products.

First-quarter revenue was $19.5 million, up 39% from a year earlier.

Carlos Domingo, Securitize's co-founder and chief executive officer, called the approval an important milestone for both the company and the expansion of the institutional tokenization market.

Securitize signed a memorandum of understanding with the NYSE in March to develop blockchain-based stock trading infrastructure.

The real-world asset tokenization market has continued to grow despite the recent downturn in cryptocurrencies. RWA.xyz data showed the value of on-chain real-world assets excluding stablecoins reached a record $32 billion in May, about 220% higher than a year earlier.

About half of the on-chain RWA market currently consists of tokenized U.S. Treasuries, while tokenized commodities account for about 16%. The tokenized equities market is worth about $1.5 billion, or 4.8% of the total.