Tokenization infrastructure firm Securitize said it expects to begin trading on the New York Stock Exchange next week after securing roughly $400 million through its merger with Cantor Equity Partners II.
According to a Friday release, the company said fewer than 30% of CEPT holders chose to redeem their shares, leaving it to retain over 71% of the SPAC trust. Combined with previously PIPE financing that included an oversubscribed $225 million private investment, Securitize expects to lock in $400 million in gross proceeds.
The merger is expected to close on Wednesday, with shares scheduled to begin trading on the NYSE under the ticker SECZ the following day.
"When we started more than eight years ago, the idea that major institutions would embrace tokenized securities was still largely theoretical," Securitize co-founder and CEO Carlos Domingo wrote in a statement on X. "Today, tokenization is moving into the mainstream, and we believe becoming a public company gives us the visibility, credibility, and capital to lead that next phase of growth."
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