Tokenization Platform Securitize to Go Public at $1.25B Valuation via Cantor SPAC

Securitize, the tokenization platform behind BlackRock's BUIDL fund and other institutional digital asset products, will become a publicly traded company through a $1.25 billion SPAC merger with Cantor Fitzgerald's blank-check vehicle, the firm announce Tuesday in a statement.

The deal with Cantor Equity Partners II values Securitize at $1.25 billion pre-money and includes $225 million in committed PIPE financing from investors including Arche, Borderless Capital, Hanwha Investment & Securities, InterVest, and ParaFi Capital. Existing shareholders including ARK Invest, BlackRock, and Morgan Stanley Investment Management will roll 100% of their equity into the combined company.

"This is a defining moment for Securitize and for the future of finance," said Carlos Domingo, co-founder and CEO. "We founded this company with a mission to democratize capital markets by making them more accessible, transparent, and efficient through tokenization."

The combined entity, to be renamed Securitize Corp. and trading under ticker symbol SECZ on Nasdaq, plans to tokenize its own equity in what the company describes as an industry first demonstrating how public company stock can operate onchain. The initiative would allow Securitize shares to trade on blockchain infrastructure alongside traditional markets.

Founded in 2017, Securitize has established itself as the dominant institutional tokenization provider, claiming over $4 billion in tokenized assets and partnerships with major asset managers including BlackRock, Apollo, KKR, Hamilton Lane, and VanEck. The company operates the only fully vertically integrated tokenization platform with SEC-registered transfer agent, broker-dealer, alternative trading system, investment advisor, and fund administration capabilities.

Securitize's flagship success came with BlackRock's BUIDL tokenized treasury fund, which launched in March 2024 and has grown to approximately $2.85 billion in assets under management, making it the largest tokenized real-world asset globally.

"We believe that blockchain technology has massive potential to transform finance, and partnering with Securitize underscores our confidence in tokenization as a foundational force in the next era of capital markets," said Brandon Lutnick, Chairman and CEO of Cantor Fitzgerald.

The transaction is expected to deliver up to $469 million in gross proceeds, consisting of the $225 million PIPE and $244 million from Cantor Equity Partners II's trust account assuming no redemptions. No existing Securitize shareholders will sell shares or receive cash consideration, with all current holders subject to lockup agreements at closing.

Securitize positions itself to participate in a $19 trillion addressable market for tokenization across equities, fixed income, and alternative assets. The projection assumes widespread migration of traditional securities to blockchain infrastructure, a transformation that remains speculative despite growing institutional experimentation.

The company claims 20.8% market share in tokenization, more than double any competitor. However, the tokenized securities market remains nascent, with total market size measured in single-digit billions rather than the trillions tokenization advocates project.

The $1.25 billion valuation reflects substantial premium for a company with approximately $4 billion in assets under administration rather than ownership. Securitize earns fees from tokenization services, transfer agent operations, and trading on its alternative trading system, but the revenue model differs fundamentally from asset managers controlling capital.

The transaction is expected to close in the first half of 2026 subject to regulatory approvals and customary closing conditions.