Securitize is moving toward a New York Stock Exchange debut after its merger with Cantor Equity Partners II cleared a key redemption test, putting one of crypto’s largest tokenization platforms on track to become a public company.
The latest <a href="https://www.prnewswire.com/news-releases/securitize-and-cantor-equity-partners-ii-business-combination-expected-to-raise-approximately-400-million-in-gross-proceeds-and-announce-expected-closing-of-business-combination-and-nyse-listing-302811784.html" rel="noopener noreferrer nofollow">business-combination update</a> puts CEPT’s shareholder vote on June 29, with the transaction expected to close on July 1 if approved and customary closing conditions are satisfied. The combined company, Securitize Corp., is expected to begin trading on NYSE under SECZ on July 2.
The listing would give public investors direct equity exposure to a regulated tokenization platform tied to some of the largest institutional RWA products in crypto. Securitize has tokenized more than $4 billion in assets and is the infrastructure provider behind BlackRock’s <a href="https://securitize.io/blackrock/buidl" rel="noopener noreferrer nofollow">BUIDL fund</a>, one of the most visible tokenized Treasury and money-market products in the market.
That position makes SECZ more than a standard SPAC listing. It gives the tokenization sector a public-market test at a time when fund managers, stablecoin issuers, DeFi protocols and trading platforms are all trying to turn tokenized assets into usable financial infrastructure.
<h2 id="low-redemptions-strengthen-the-deal">Low Redemptions Strengthen The Deal</h2>
The deal received stronger support than many late-cycle SPAC transactions. Holders of less than 30% of CEPT Class A ordinary shares elected to redeem, leaving 71.5% of the trust intact before the vote.
That matters because high SPAC redemptions can weaken a transaction before it reaches the market. In Securitize’s case, the remaining trust capital, together with PIPE financing, is expected to deliver about $400 million in gross proceeds before transaction expenses.
The earlier <a href="https://www.prnewswire.com/news-releases/securitize-the-leading-tokenization-platform-to-become-a-public-company-at-1-25b-valuation-via-business-combination-with-cantor-equity-partners-ii-302596208.html" rel="noopener noreferrer nofollow">PIPE financing</a> was upsized to $225 million and included investors such as Arche, Borderless Capital, Hanwha Investment &amp; Securities, InterVest and ParaFi Capital. Existing backers including ARK Invest, BlackRock and Morgan Stanley Investment Management were also set to roll their holdings into the combined company.
The low redemption level gives Securitize more capital to scale after listing. It also suggests that investors are treating tokenization infrastructure as a stronger public-market category than many speculative crypto SPAC themes from earlier cycles.
<h2 id="tokenized-assets-get-a-public-market-test">Tokenized Assets Get A Public-Market Test</h2>
The listing lands as tokenized real-world assets remain one of crypto’s strongest institutional growth themes. RWA.xyz’s <a href="https://app.rwa.xyz/" rel="noopener noreferrer nofollow">market overview</a> places distributed tokenized asset value around $31 billion, with represented asset value far larger and stablecoins tracked as a separate base layer.
Securitize sits directly inside that expansion. BlackRock’s BUIDL has already become a central tokenized fund product, while recent debate over a proposed <a href="https://cryptoadventure.com/blackrock-pushes-occ-to-drop-tokenized-reserve-cap-as-buidl-growth-faces-risk/" rel="noopener noreferrer nofollow">tokenized reserve cap</a> showed how closely stablecoin reserve rules, tokenized Treasuries and institutional cash products are now linked.
The broader RWA market has also moved beyond Treasuries. CryptoAdventure recently tracked how the <a href="https://cryptoadventure.com/tokenized-rwa-market-crosses-31b-as-productive-collateral-takes-center-stage/" rel="noopener noreferrer nofollow">tokenized RWA market</a> expanded across credit, commodities, funds, equities and active strategies, with productive collateral becoming a larger part of the thesis. Tokenized stocks have also gained momentum after Solana’s <a href="https://cryptoadventure.com/solana-tokenized-stocks-hit-record-volume-as-spcx-turns-equity-trading-onchain/" rel="noopener noreferrer nofollow">record equity volume</a> showed that onchain trading demand is moving into traditional market exposure.
SECZ now brings that tokenization cycle back into public equity markets. If shareholders approve the merger on June 29, Securitize is expected to close the transaction on July 1 and begin NYSE trading on July 2 under SECZ, backed by roughly $400 million in expected gross proceeds and 71.5% of CEPT trust capital still intact.
The post <a href="https://cryptoadventure.com/securitize-set-for-nyse-debut-as-spac-redemptions-stay-below-30/" rel="noopener noreferrer nofollow">Securitize Set For NYSE Debut As SPAC Redemptions Stay Below 30%</a> appeared first on <a href="https://cryptoadventure.com" rel="noopener noreferrer nofollow">Crypto Adventure</a>.

Securitize Set For NYSE Debut As SPAC Redemptions Stay Below 30%

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