Securitize clears shareholder vote for SPAC merger with Cantor Equity Partners II ahead of planned NYSE listing

Securitize won shareholder approval Monday for its merger with Cantor Equity Partners II, clearing the path for the tokenization firm to list on the New York Stock Exchange. The transaction is expected to close Wednesday, with trading to begin Thursday under the ticker SECZ, the company said in an X post. Shares of CEPT rose as much as 20 percent during Monday trading.

Securitize, founded in 2017, supplies tokenization infrastructure used by BlackRock, Apollo, KKR and VanEck. BlackRock and ARK Invest were early investors. The listing occurs as Wall Street firms expand efforts to move traditional assets onto blockchain networks.

Citi has projected tokenized assets could reach $5.5 trillion by 2030, while Standard Chartered estimated the market could grow to $2 trillion by 2028, CoinDesk reported.