Securitize clears SEC hurdle for NYSE listing via Cantor SPAC merger

The registration statement for Securitize’s planned combination with Cantor Equity Partners II (NASDAQ: CEPT) has been declared effective by the Securities and Exchange Commission. (SEC).

This removes a major regulatory obstacle that was hindering the BlackRock-backed tokenization firm’s chances of going public on the New York Stock Exchange (NYSE).

Cantor Equity Partners II shareholders of record as of May 11, 2026, will be voting on the deal at a special meeting on June 29, according to a joint announcement from the two companies on Friday.

If approved, the merged entity will operate as Securitize Corp. and trade under the ticker “SECZ.” The blank-check company is sponsored by an affiliate of Cantor Fitzgerald.

What does Securitize do?

Securitize provides the tokenization, transfer-agent, and trading infrastructure behind products from BlackRock, Apollo Global Management, KKR, Hamilton Lane, and VanEck. 

Its highest-profile client relationship is with BlackRock’s BUIDL fund, a tokenized money market vehicle launched in 2024 that currently ranks among the largest tokenized Treasury products. RWA.xyz data pegs BUIDL at roughly $2.4 billion in assets.

The company also holds broker-dealer, transfer-agent, fund-administration, and trading-system registrations in both the United States and Europe.

According to Carlos Domingo, co-founder and CEO of Securitize, the deal is a milestone for them and institutional adoption of tokenization. Domingo stated, “Becoming a public company would position Securitize to continue scaling that infrastructure globally as tokenization increasingly becomes part of mainstream financial markets.”

What picture does the financials paint?

Securitize recorded a revenue of $19.5 million in the first quarter of 2026, which was a 39% jump from the same period a year earlier. It also had a transaction volume of $1.9 million during Q1.

The average tokenized assets under management (AUM) hit $3.2 billion during the quarter and rose to $3.4 billion by March 31.

However, profitability lagged as adjusted EBITDA fell to $0.8 million from the $4.1 million it recorded in Q1 2025. Securitize recorded a net loss of $7.9 million.

What is the state of the current tokenization market?

Tokenized real-world assets (excluding stablecoins) have reached roughly $31.15 billion in distributed value across more than 850,000 holders, according to RWA.xyz. 

Citi projects the sector could hit $5.5 trillion by 2030, while a Boston Consulting Group (BCG) and Ripple report estimated $18.9 trillion by 2033.

Securitize is also working with the NYSE itself on a tokenized securities platform.

Regulators sharpen the framework

On June 4, Jamie Selway, director of the SEC’s Division of Trading and Markets, told the Piper Sandler Global Exchange & Fintech Conference that Chairman Paul Atkins has directed the division to build “a framework to list and trade tokenized securities,” guided by the principle of “innovation without arbitrage.”

Selway also outlined parallel work with CFTC staff on harmonizing the two agencies’ rulebooks, identifying swap and security-based swap data reporting, portfolio margining, and product definitions as initial focus areas. 

The SEC approved Nasdaq PHLX’s proposal to list cash-settled Bitcoin index options on May 22 and is reviewing CME’s application for single-stock futures with cash settlement, he said.

In March, the SEC and CFTC issued a joint crypto-asset taxonomy that classifies tokens into five categories. Both regulators also clarified when a non-security digital asset may become subject to securities law, according to a Sullivan & Cromwell analysis of the interpretation.

What is the progress of other crypto IPO plans?

Securitize’s pressing ahead with its SPAC deal is notable because several other crypto firms have pulled back from public offerings. It was reported that Kraken and Consensys have both paused IPO efforts amid volatile market conditions, with Bitcoin trading near $60,000 at the time of the announcement.

Now, the market will be watching with anticipation for the June 29 vote and whether the deal closes on the timeline the companies have outlined.

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