Securitize has cleared a key regulatory step in its planned public listing after the U.S. Securities and Exchange Commission declared effective the Form S-4 registration statement tied to its merger with Cantor Equity Partners II.
The move does not complete the transaction, but it allows the deal to advance toward a shareholder vote. Cantor Equity Partners II shareholders of record as of May 11 are scheduled to vote on the proposed business combination at a special meeting on June 29, 2026. If approved, the combined company is expected to operate as Securitize Corp. and trade on the New York Stock Exchange under the ticker SECZ.
That makes the SEC step important, but not final. The transaction still depends on shareholder approval, closing conditions, redemptions, listing requirements and other deal mechanics.
Deal Values Securitize At $1.25 Billion
The merger structure values Securitize at a $1.25 billion pre-money equity value. The transaction includes $225 million in committed common stock PIPE financing and could deliver up to roughly $469 million in gross proceeds if completed without major trust redemptions.
Existing Securitize shareholders, including ARK Invest, BlackRock, Blockchain Capital, Hamilton Lane, Jump Crypto, Morgan Stanley Investment Management and Tradeweb Markets, are expected to roll 100% of their interests into the combined company.
Securitize was founded in 2017 and has become one of the most visible regulated infrastructure providers in tokenized securities. The company says it has tokenized more than $4 billion in assets through relationships with managers including BlackRock, Apollo, Hamilton Lane, KKR and VanEck. Its platform includes SEC-registered transfer agent, broker-dealer, alternative trading system, investment adviser and fund administration entities.
That regulated stack is the core reason the listing matters. Securitize is not only selling a tokenization story. It is trying to bring a full securities lifecycle onchain, from issuance and investor onboarding to servicing, trading and administration.
Revenue Growth Supports The Timing
The public-listing push comes after a stronger first quarter. Securitize reported total revenue of $19.5 million in Q1 2026, up 39% from the prior-year period and the highest quarterly revenue in the company’s history.
Average tokenized assets under management reached $3.2 billion during the quarter, while AUM stood at $3.4 billion as of March 31. Assets under administration reached $24.9 billion, and Securitize Fund Services was servicing 650 active funds at quarter-end.
The company still posted a net loss of $7.9 million, showing that growth is being paired with public-company preparation costs and continued investment. That makes revenue momentum important, but investors will also watch whether the company can turn tokenization demand into durable margins after listing.
Tokenization Is Moving Deeper Into Wall Street
The listing path lands as tokenization becomes a larger institutional finance theme. Securitize has already worked with BlackRock on BUIDL, one of the most important tokenized Treasury products in the market, and with KKR on tokenized access to private-market funds.
The company’s recent NYSE tokenized securities push also points to a broader shift from tokenized funds into tokenized public-market infrastructure. That matters because the next phase of RWA growth is not only about putting Treasuries onchain. It is about whether regulated issuance, transfer agents, investor records, secondary trading and settlement can operate inside blockchain-based market rails.
The timing is also supported by a broader sector expansion. The tokenized RWA market crossed $31 billion earlier this year as Treasuries, private credit, gold, equities and institutional settlement products continued moving onchain.
SECZ Would Give Tokenization A Public Equity Benchmark
If the merger closes, SECZ would become one of the clearest public-market benchmarks for institutional tokenization. That could give investors a listed way to track demand for regulated RWA infrastructure without buying individual tokenized products or crypto tokens tied to the theme.
The risk is that public markets may judge Securitize by stricter standards than private crypto investors. Revenue growth, redemptions, liquidity, regulatory clarity, product adoption and tokenized-market depth will all matter after listing.
For now, the SEC effectiveness notice moves Securitize from planned listing toward a defined vote date. The next checkpoint is June 29, when CEPT shareholders decide whether one of crypto’s biggest tokenization infrastructure companies gets its public-market debut under SECZ.
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