Securitize NYSE debut set after CEPT vote, shares jump 18%

Cantor Equity Partners II (CEPT) rose 18.18 per cent to $13 on Monday, according to yfinance data, after shareholders approved its merger with Securitize and cleared the tokenization platform to start trading on the New York Stock Exchange on July 2 under SECZ. The company said the combination is expected to raise about $400 million in gross proceeds, giving one of the digital-asset sector’s better-known infrastructure groups a public listing as tokenized securities move closer to mainstream finance.

The listing gives public investors a tokenization infrastructure business rather than another equity proxy for bitcoin. The Block reported and CoinDesk reported that the deal would be one of the first pure-play public listings tied to tokenization infrastructure. Thursday’s debut will test whether buyers will pay for the plumbing behind tokenized funds and securities, not only for direct exposure to crypto prices.

The cash picture was cleaner than in many recent SPAC combinations. In its 8-K filing, Cantor Equity Partners II said fewer than 30 per cent of trust shares were redeemed, leaving 71.5 per cent of the vehicle’s cash in place. PR Newswire disclosure put expected gross proceeds at about $400 million. Low redemptions do not guarantee smooth aftermarket trading. They do leave Securitize with more room to invest than many de-SPAC peers had when they reached the market.

Carlos Domingo, Securitize’s co-founder and chief executive, said in a company statement that a public listing would give the group more visibility and capital for its next phase.

“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.”

Carlos Domingo, chief executive, in PR Newswire statement

The calendar leaves little slack. The latest The Block report said the business combination is expected to close on Wednesday, with trading under SECZ set to start the following day. For CEPT holders, the blank-check vehicle is about to become a direct wager on whether tokenized-finance infrastructure can win a public-market valuation.

Why public markets care

The Block said Securitize tokenizes BlackRock’s BUIDL fund, which has grown to nearly $3.1 billion. In the same closing announcement, Securitize said assets on platform topped $4 billion as of June. Those figures tie the company to live institutional products rather than pilot projects, giving investors a way to judge whether tokenization demand can translate into durable fees.

That pitch differs from earlier crypto listings, which traded largely on token prices, exchange volumes or treasury exposure. Another The Block report this week said BlackRock’s Aladdin platform had added deeper support for Ethena products that use Securitize as tokenization and transfer-agent infrastructure. Bloomberg Markets on Sunday described tokenization as diversifying away from crypto. The signals point to a sector moving from niche issuance experiments toward broader fund and treasury workflows, although the revenue model for each provider remains less transparent than the asset balances they help put on-chain.

The question for public investors is whether that infrastructure story deserves its own multiple. Securitize’s business sits deeper in the financial stack than a miner or an exchange. Its growth case depends on issuers continuing to package funds, Treasuries and credit products into tokenized wrappers. If SECZ trades well after listing, the market would be treating tokenization infrastructure as a financial-services category of its own rather than a sidecar to crypto prices.

If it does not, the message may be that growth in tokenized assets still has to convert into steadier public-company economics. For now, the merger vote, the low-redemption outcome and the planned Thursday launch have given Securitize a cleaner runway than many SPAC entrants had. The opening print will offer the first live valuation marker for a corner of digital finance that has so far been easier to discuss than to buy in public markets.