Securitize Lists on NYSE July 2 as $400 Million SPAC Deal Finally Closes

The deal sends Securitize, a blockchain platform that converts real estate, private credit and investment funds into tradable digital tokens, onto the New York Stock Exchange (NYSE). Trading under the ticker SECZ is set to begin July 2, 2026, once the merger closes on July 1.

Carlos Domingo and Jamie Finn founded Securitize in Miami in 2017. The company built its business by helping institutions move traditional assets onto blockchain rails, a process known as tokenization. Blackrock relies on Securitize to run its BUIDL fund, a tokenized U.S. Treasury product that has grown past $3 billion.

A SPAC Deal With Staying Power

Most SPAC mergers lose investors at the finish line as shareholders cash out their shares for a refund. Securitize avoided that fate. Less than 30% of Cantor Equity Partners II Class A shares were redeemed, letting the combined company keep roughly 71.5% of the SPAC’s trust account.

A $225 million private investment in public equity, or PIPE, was oversubscribed, a rare outcome for an operating company going public through a SPAC since 2021. Combined with the trust proceeds, Securitize expects to collect about $400 million before transaction costs.

The deal values the company at $1.25 billion on a pre-money basis.

“When I was thinking about doing a SPAC to go public, I was told: ‘Don’t do it, you won’t raise a PIPE, and SPACs get on average 95% redemptions, and you will IPO with no cash,’” Domingo said in a June 26 statement.

The Securitize executive added:

“We raised an oversubscribed $225M PIPE, the largest of any operating business for a SPAC since 2021, and yesterday we had less than 30% redemptions, so we are going public with over $400M on July 2nd at the NYSE. The next stage in Securitize history starts that day.”

A Company Built on Regulation

Securitize holds licenses most crypto firms never pursue. It operates as a U.S. SEC-registered broker-dealer, a registered transfer agent, and a fund administrator for roughly 650 funds. In Europe, it carries full Investment Firm authorization under the EU’s DLT Pilot Regime.

That license stack lets the company serve clients like Apollo, KKR, Hamilton Lane, Vaneck and BNY. Securitize also works as a design partner with the NYSE on a planned tokenized equities trading platform announced in March 2026.

The Numbers Behind the Listing

Securitize reported $19.5 million in quarterly revenue for the first quarter of 2026, a 39% jump from a year earlier. Asset servicing revenue, tied largely to the growth of BUIDL and similar products, rose 201% to $8.3 million. The company posted a net loss of $7.9 million, driven by one-time costs tied to going public.

Management projects revenue near $110 million for 2026, with about $85 million already under contract or recurring. The company points to a tokenizable asset market it estimates at $10 trillion to $19 trillion over the long term, covering equities, bonds, and alternative investments.

What Comes Next

After the listing, Securitize plans to tokenize its own shares on its platform, running them alongside standard shares settled through the Depository Trust & Clearing Corporation. Investors could choose between traditional T+1 settlement and instant, blockchain-based settlement with potential for 24/7 trading.

The arrangement would make Securitize one of the first U.S. public companies to offer its own stock in both traditional and tokenized form, turning its NYSE listing into a live test of the technology it sells.

Securitize’s debut follows growing institutional interest in tokenized assets, with Blackrock’s BUIDL fund and similar products drawing billions in deposits over the past two years. A successful listing would give traders and fund managers a new way to gain public market exposure to the tokenization sector itself, rather than the assets it tokenizes.