Tokenization specialist Securitize is seeking to go public through the SPAC merger Cantor Equity Partners II (CEPT), the company announced on Tuesday.
The transaction values Securitize at $1.25 billion, and the company plans to list on the Nasdaq under the ticker “SECZ,” the company added. Securitize also plans to tokenize its shares and allow them to be traded and transferred on blockchain rails.
CEPT fell 6.5% to $12.00 in pre-market trading.
Securitize's existing investors, including ARK Invest, BlackRock, and Morgan Stanley Investment Management, will contribute all of their holdings to the combined company. The deal includes $225 million in investment from new and existing institutional investors through a Private Private Investment in Public Equity (PIPE) funding round led by Arche, ParaFi Capital and others.
With this listing, Securitize becomes the first publicly traded US company to provide end-to-end tokenization infrastructure for securities. The company is one of the largest issuers of tokenized assets, leading the issuance of $4.5 billion in on-chain securities, according to RWA.xyz data. We work with leading institutional investors such as BlackRock, Apollo, and VanEck to digitize assets such as private equity, credit, and real estate on blockchain networks.
