Securitize, a leading provider of tokenization infrastructure for Wall Street, plans to raise approximately $400 million through a merger with Cantor Fitzgerald-backed special purpose acquisition company Cantor Equity Partners II (CEPT) as it prepares for its initial public offering.
The company announced on Friday that, following lower-than-expected shareholder redemptions, the merger with Cantor Equity Partners II (CEPT) is projected to yield approximately $400 million in gross proceeds, which includes private investment through private equity (PIPE) financing.
Shares of Cantor Equity Partners II (CEPT) rose 8% following the announcement.
The transaction is set to close on July 1, subject to shareholder approval on June 29 and other customary closing conditions. The combined entity is expected to commence trading on the New York Stock Exchange the following day under the ticker symbol SECZ.
Tokenization — the process of digitizing assets such as funds, bonds, and private credit on blockchain networks — has emerged as one of Wall Street’s fastest-growing digital asset initiatives. The market for tokenized real-world assets, excluding stablecoins, has expanded to over $30 billion, according to rwa.xyz, with Boston Consulting Group and Ripple estimating potential growth to $18.9 trillion by 2033.
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