Securitize clears SEC hurdle, moves toward NYSE listing as SECZ

Real-world asset tokenization platform Securitize is one step closer to going public via a special acquisition company (SPAC) merger, after one of its filings was approved by the US Securities and Exchange Commission. The regulator greenlit the Form S-4 registration statement from Cantor Equity Partners II, a publicly traded SPAC sponsored by an affiliate of Cantor Fitzgerald, and Securitize on Friday. Carlos Domingo, co-founder and CEO of Securitize, called the move "another important milestone for Securitize and for the broader institutional adoption of tokenization" — corporate-speak that nonetheless signals a quiet win for a firm built on chain.

Shareholders are set to vote on June 29, and if approved, the combined company will list on the New York Stock Exchange as Securitize Corp under the ticker "SECZ," giving investors access to one of the largest real-world asset tokenization outfits in the world. The SECZ ticker, for the record, was not custom-built for crypto Twitter.

Securitize has $4 billion in assets under management and offers tokenized funds in partnership with leading asset managers, including Apollo, BlackRock, BNY, VanEck and others. The firm reported first-quarter revenue of $19.5 million, up 39% from the prior-year period. The NYSE signed a memorandum of understanding with Securitize in March as part of a broader push to develop blockchain-based stock trading infrastructure for Wall Street. According to RWA.xyz data cited by the source, Securitize is the largest tokenization platform by market share.

Tokenized RWA onchain value is up 220% in 12 months. Tokenized real-world assets such as equities and US Treasuries have seen strong momentum recently, even as the broader crypto market keeps its bearish disposition. Related: SEC makes digital assets a strategic priority through 2030.

Total RWA value on-chain hit a record high of $32 billion in May, excluding stablecoins, after climbing roughly 220% over the previous 12 months. Almost half of those assets are tokenized US Treasuries, while around 16% are tokenized commodities, per RWA.xyz. Tokenized stocks remain a small slice at 4.8%, or $1.5 billion. Ethereum and layer-2 networks remain the market leaders for tokenization, with more than 60% dominance combined.

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