The BlackRock-backed firm Securitize, which specializes in digital representations of real-world assets, announced plans to trade on the New York Stock Exchange under the ticker symbol “SECZ,” following the completion of a merger with a Cantor Fitzgerald-backed blank-check firm.
Investors owning less than 30% of Cantor Equity Partners II’s common shares elected to redeem their holdings in the SPAC. As a result, Securitize expects to receive roughly $400 million in proceeds from the combination and related private financing ahead of the deal’s closing.
Securitize has become a familiar resource for institutions beyond BlackRock — which tapped the firm for a tokenized money market fund in 2024 — such as Apollo, BNY, Hamilton Lane, and KKR. In March, Securitize unveiled an agreement with the NYSE itself to develop systems for blockchain-native securities.
BlackRock’s BUIDL fund, issued on Securitize’s platform, has grown to more than $3 billion.