Securitize Nears NYSE Listing After Shareholders Approve SPAC Merger
Summary
- Securitize said it has completed shareholder approval for its SPAC merger and is nearing a listing on the New York Stock Exchange.
- The combined company will begin trading on the New York Stock Exchange under the ticker 'SECZ' on July 3, and CEPT shares jumped as much as 20% intraday on the news.
- Securitize is an infrastructure company for real-world asset tokenization (RWA) products used by firms including BlackRock, Apollo, KKR and VanEck, while global institutions project the tokenization market could grow to as much as $5.5 trillion.
Forecast Trend Report by Period
Securitize, a real-world asset tokenization platform, is nearing a New York Stock Exchange listing after winning shareholder approval for its merger with a special purpose acquisition company.
The Block reported on June 29 that shareholders of Cantor Equity Partners II, or CEPT, approved the merger.
The transaction is set to close on July 2, subject to customary closing conditions. The combined company will start trading on the NYSE under the ticker "SECZ" on July 3.
CEPT shares jumped as much as 20% intraday on the news.
Founded in 2017, Securitize is a tokenization infrastructure company that supports the issuance of tokenized products for global asset managers including BlackRock, Apollo, KKR and VanEck. Its early investors include BlackRock and ARK Invest.
The market for real-world asset tokenization has been growing rapidly, particularly on Wall Street. The technology turns traditional financial assets such as funds, bonds and private credit into blockchain-based digital assets. Citigroup projects the tokenization market will reach $5.5 trillion by 2030, while Standard Chartered forecasts it will grow to $2 trillion by 2028.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.