Securitize, a tokenization company backed by BlackRock, is one step closer to listing on the New York Stock Exchange. The U.S. Securities and Exchange Commission has announced that the merger registration statement between the company and special purpose acquisition company Cantor Equity Partners II has become effective, meaning that a key process for its listing has been cleared.
SEC Approval of Merger Documents
According to the company's disclosure, the counterparty to this transaction is Cantor Equity Partners II. The SPAC was initiated by an affiliate of Cantor Fitzgerald. With the registration documents now in effect, Securitize has taken a key step towards completing the merger and achieving a public listing.
Securitize is one of the more prominent infrastructure providers in the current tokenization space, with services covering asset tokenization, transfer brokerage, and trading technology. Its clients include institutions such as BlackRock, Apollo, KKR, Hamilton Lane, and VanEck.
BUIDL collaboration draws attention
One of the company's most notable collaborative projects is supporting the BlackRock BUIDL Fund. Launched in 2024, BUIDL is a tokenized money market fund and has become one of the largest tokenized US Treasury products on the market.
Besides BlackRock, Securitize is also involved in building the New York Stock Exchange's tokenized securities platform. As traditional financial institutions accelerate their deployment of on-chain assets, the market position of such infrastructure service providers is rising.
RWA market continues to expand
Tokenization refers to mapping traditional assets such as funds, bonds, private credit, and stocks onto a blockchain for trading. Proponents argue that this approach helps shorten settlement times, reduce costs, and increase trading flexibility.
According to data from RWA.xyz, the tokenized asset market has nearly doubled in the past year to over $30 billion. Participants have expanded to include large institutions such as BlackRock, Franklin Templeton, JPMorgan Chase, and Fidelity.
- Citigroup projects its assets under management to reach $5.5 trillion by 2030.
- BCG and Ripple are projected to reach $18.9 trillion by 2033.
- The market size has now exceeded $30 billion.
Against this backdrop, Securitize's continued push for an IPO is attracting particular attention. Previously, several crypto companies, including Kraken and Consensys, had suspended their plans due to market volatility.
