Securitize to Raise $400 Million, Retain 71.5% of SPAC Trust in Merger
CEPT•Securitize expects roughly $400 million in gross proceeds from its merger with Cantor Equity Partners II SPAC, with fewer than 30% of shareholders redeeming and 71.5% of the trust remaining. The combined company will trade on the NYSE as SECZ starting July 2 and manages over $4 billion in tokenized assets.
1. SPAC Merger and Fundraising
Securitize merged with Cantor Equity Partners II SPAC, expecting about $400 million in gross proceeds from the transaction, excluding expenses. The SPAC saw a redemption rate below 30%, leaving 71.5% of its trust intact and signaling strong investor confidence in the deal structure.
2. Tokenization Platform and Asset Base
The firm manages over $4 billion in tokenized assets and serves as the tokenization platform and transfer agent for BlackRock's USD Institutional Digital Liquidity Fund (BUIDL). Its partner network includes Apollo, BNY Mellon, Hamilton Lane, KKR and VanEck, following a $47 million strategic investment led by BlackRock in 2024.
3. NYSE Listing under 'SECZ'
The combined company will begin trading on the New York Stock Exchange under the ticker symbol SECZ on July 2, marking its transition into the public markets. This debut underscores Securitize's milestone evolution from a private tokenization startup to a publicly traded entity.
4. Cantor Fitzgerald's Crypto Deal Pipeline
The transaction extends Cantor Fitzgerald’s role as a SPAC sponsor for crypto-linked firms, adding to its roster that includes Twenty One Capital and Tether-related deals. Cantor Equity Partners II represents its latest effort to bridge traditional finance with emerging digital-asset platforms.
