Securitize to List on NYSE with $400M SPAC Funding and 30% Redemptions
XXI•Securitize expects to raise roughly $400 million in gross proceeds through its merger with Cantor Equity Partners II, with fewer than 30% of SPAC shareholders redeeming their shares. The tokenization platform manages over $4 billion in assets and will begin trading on the NYSE under the ticker SECZ on July 2.
1. SPAC Merger and $400 Million Raise
Securitize will combine with Cantor Equity Partners II to go public on July 2, expecting roughly $400 million in gross proceeds from the SPAC merger and related PIPE financing, before transaction expenses.
2. Low Redemption Rate Indicates Confidence
Fewer than 30% of Cantor’s Class A shareholders redeemed their shares, leaving 71.5% of the SPAC trust intact and reflecting strong investor willingness to maintain exposure to tokenization.
3. Leading Tokenization Platform Profile
The company manages more than $4 billion in tokenized assets, serves as the transfer agent for BlackRock’s USD Institutional Digital Liquidity Fund, and counts Apollo, BNY Mellon, Hamilton Lane, KKR and VanEck among its partners.
4. Cantor Fitzgerald's Crypto SPAC Pipeline
The transaction adds to Cantor Fitzgerald’s roster of crypto-linked public offerings, following deals for Twenty One Capital and Tether, with leadership oversight recently transitioning from Howard Lutnick to his sons.
