Securitize announced on Friday that it expects to raise approximately $400 million in gross proceeds from its upcoming public debut, after less than 30 percent of shareholders in the SPAC taking it public elected to redeem their shares. The tokenization platform will merge with Cantor Equity Partners II, a special purpose acquisition company backed by Cantor Fitzgerald, with the combined entity set to begin trading under ticker SECZ on the New York Stock Exchange on July 2, pending shareholder approval on Monday and deal closure on Wednesday. The low redemption rate suggests institutional confidence in the tokenization sector and in Securitize's position within it.
The raise matters because it puts tangible Wall Street capital behind the thesis that tokenized securities are moving from theoretical to mainstream infrastructure. Securitize is backed by BlackRock, Morgan Stanley, Coinbase, and Circle, and partnered with the NYSE in March to create tokenized assets for the exchange's upcoming tokenized securities platform. Standard Chartered estimated earlier this month that tokenized assets in decentralized finance could grow 37-fold to $2.7 trillion by the end of 2030, and this public debut positions Securitize as a listed equity proxy for that growth. The company's CEO noted that when Securitize launched more than eight years ago, institutional adoption of tokenized securities was still largely theoretical.
For traders, this is a sector rotation signal, not a crypto-asset trade. The capital flowing into Securitize indicates that institutional money views tokenization infrastructure as a distinct vertical — closer to fintech plumbing than to crypto beta. Shares in the SPAC vehicle climbed seven percent on Friday to $10.86 and continued rising after-hours to $11, suggesting public market appetite for exposure to this category. The NYSE listing also creates a vehicle for funds that cannot hold crypto directly but want tokenization exposure, which should pull capital into the infrastructure layer rather than pushing it into liquid crypto assets. The US Securities and Exchange Commission was reportedly ready to allow trading of tokenized stocks in mid-May but delayed the plan later that month after stock exchange officials raised implementation concerns, leaving regulatory clarity as the next unlock for the sector.
Watch for the shareholder vote on Monday and the deal close on Wednesday — if both proceed as expected, the July 2 listing will establish a public equity benchmark for tokenization infrastructure. The specific signal is the first-week trading range for SECZ — if it holds above the $10.86 close or breaks higher, tokenization becomes a fundable theme for Q3; if it trades below the SPAC floor, institutional conviction may be limited to private rounds, not public exposure.
Source: CoinTelegraph