Securitize Braces for NYSE Listing As Tokenization Reaches Frenetic Levels

Securitize is inching toward a public listing on the New York Stock Exchange (NYSE) after investors approved a proposed merger between a special purpose acquisition company and the tokenization firm. 

The NYSE debut will offer the first real public acceptance test for the tokenization sector, touted to reach $5 trillion in market valuation by the end of the decade. 

Securitize scales major hurdle for NYSE listing

According to an official statement, Cantor Equity Partners II (CEPT) has approved the merger with Securitize, teeing up the tokenization giant for an NYSE debut. The move will see Securitize go public via a merger with the Cantor Fitzgerald-backed special purpose acquisition company.

Barring any last-minute hitches, the deal will close on Wednesday, birthing a publicly traded company, Securitize Corp. According to the announcement, Securitize Corp will begin trading on the NYSE on Thursday under the ticker symbol SECZ.

“Today, Cantor Equity Partners II shareholders approved the proposed business combination with Securitize, marking an important step toward the expected consummation of the transactions,” read the announcement.

Last week, Securitize revealed that the merger with CEPT will generate around $400 million, with a significant amount stemming from private investment in private equity (PIPE) financing. 

Clearing the final hurdle for an NYSE debut sent CEPT shares surging as high as 20% in a nod to growing investment appetite for tokenization.

Securitize has emerged as the go-to tokenization service provider for mainstream financial services providers. The nine-year-old firm counts asset managers BlackRock, VanEck, and Apollo amongst its growing list of high-profile clients, helping to roll out tokenized versions of their traditional investment products.

Tokenization interest surges to record highs

Securitize’s incoming public listing comes amid a surge in tokenization chatter in mainstream finance circles. Pundits say the NYSE listing will give investors the first chance to gain direct exposure to the burgeoning tokenization sector.

Analysts at Standard Chartered and Citi have predicted that the emerging sector will surpass a market capitalization of $4 trillion by the end of the decade. For context, the industry is valued around the $30 billion mark, with the forecast representing an over 13,000% growth spurt in four years.

Source: a16z

Meanwhile, tokenized stocks are emerging as the sector’s fastest growing leader with a raft of crypto service providers rolling out the offering for users outside the US. Coinbase, Kraken and Robinhood are angling to offer tokenized stocks to US customers pending regulatory approval from the Securities and Exchange Commission (SEC).

Outside of stocks, Moody’s launched credit ratings on Solana in a valiant attempt at tokenization. Meanwhile, Solana and Ethereum are the leading blockchains for tokenization with both networks jostling to onboard institutional and retail players.