Securitize heads to NYSE debut after investors approve SPAC merger
COINDESK ·
Securitize won shareholder approval for its SPAC merger with Canton Equity Partners II (CEPT), clearing a major hurdle for a public debut on Thursday. CEPT rallied 20% during the Monday session, front-running the result. The listing coincides with Wall Street institutions ramping up efforts to bring traditional assets onto blockchain rails via tokenization. Securitize, a tokenization specialist backed by BlackRock, said Monday it cleared a final major hurdle to becoming a public company after shareholders of Cantor Equity Partners II (CEPT) approved the firms' proposed merger on Monday. The transaction is expected to close on Wednesday, subject to customary closing conditions, with the combined company beginning trading Thursday on the New York Stock Exchange under the ticker SECZ, the company said in an X post. Shares of CEPT surged as much as 20% during the Monday session. Founded in 2017, Securitize has become one of the leading providers of tokenization infrastructure, helping asset managers including BlackRock, Apollo, KKR and VanEck issue blockchain-based versions of traditional investment products. The company counts BlackRock and ARK Invest among its early investors. The listing comes as tokenization — the process of representing traditional assets such as funds, bonds and private credit on blockchain networks — gains traction across Wall Street. Citi has projected tokenized assets could reach $5.5 trillion by 2030, while Standard Chartered estimated the market could grow to $2 trillion by 2028 as financial institutions increasingly move real-world assets onto blockchain rails. The NYSE debut will give public market investors one of the few pure-play opportunities to gain exposure to the rapidly growing tokenization sector. 1 Bitcoin lending is entering a new institutional era, according to Silicon Valley Bank 5 hours ago 2 JPMorgan urges strong safeguards as congress weighs crypto market structure rules 5 hours ago 3 Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done. 7 hours ago 4 White House to speak with law enforcement groups to push Crypto's Clarity Act 7 hours ago 5 J.P. Morgan broadens blockchain settlement network as banks modernize cross-border payments 7 hours ago 6 Crypto analytics firm Chainalysis proposes standards for blockchain tracing 8 hours ago 7 MiCA's looming deadline could leave 10 million crypto users without a platform in the EU 8 hours ago 8 Ripple wants institutions to borrow against tokenized assets on XRPL 8 hours ago 9 Wall Street's BNY expands stablecoin services for institutions, starting with Circle's USDC 8 hours ago 10 Strategy opens door to selling billions of bitcoin under new capital plan. Here's what it means 9 hours ago Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
DYAX Investor Sentiment
Bullish (Long) 46% · Bearish (Short) 54%
309 participants
Related News
- Persian Gulf producers keep pushing oil, LNG loadings despite ship attacks
- Concentrix targets $630M-$650M FY2026 adjusted free cash flow while aiming to surpass $120M iX Suite ARR
- Digital-Asset Treasury Companies Continue to Accumulate Crypto. But Are Any of Them Worth Buying?
- Why Copart Stock Stumbled Today
- Australia sues Amazon unit over alleged breach via Prime Video ads
- Why Comcast Stock Rallied Today