Securitize has moved one step closer to becoming a publicly traded company after the U.S. Securities and Exchange Commission declared effective the Form S-4 registration statement tied to its proposed merger with Cantor Equity Partners II. The clearance removes a key procedural hurdle, but the transaction still depends on shareholder approval and customary closing conditions.
If the deal is approved, the combined company is expected to operate as Securitize Corp. and trade on the New York Stock Exchange under the ticker “SECZ.” The next major checkpoint is a special meeting of CEPT shareholders scheduled for June 29, with investors of record as of May 11 eligible to vote on whether the tokenization platform can complete its public-market transition.
Shareholder Vote Becomes the Final Gate
The SEC’s declaration does not mean the merger has closed. It means the registration statement has cleared the disclosure stage required for the companies to move forward with solicitation and voting. In practical terms, the regulatory paperwork has advanced, but control now shifts to CEPT shareholders.
That distinction matters because SPAC transactions can still face execution risk after an S-4 becomes effective. Shareholder redemptions, listing requirements, closing conditions and final settlement steps can all affect the outcome. For now, Securitize is closer to the NYSE, but the listing remains conditional rather than guaranteed.
Securitize is trying to enter public markets as institutional tokenization gains traction across asset managers, exchanges and broker-dealer infrastructure. The company says it provides regulated rails for issuing, administering and trading tokenized securities, with operations that include broker-dealer, transfer agent, fund administration and European digital-securities infrastructure. Its public-market pitch is built around regulated tokenization, not speculative token issuance.
The company has also disclosed operating metrics ahead of the vote. Securitize reported $19.5 million in first-quarter revenue, up 39% from the prior-year period, along with $3.4 billion in tokenized assets under management as of March 31. Its June transaction update also described the platform as having more than $4 billion in AUM as of April 2026, signaling continued growth in its managed tokenized-asset base.
Tokenization Infrastructure Moves Into Public Markets
Securitize’s client and product network is central to the story. The platform supports tokenized products for major institutional names including BlackRock, Apollo, BNY, Hamilton Lane, KKR and VanEck. Its best-known implementation remains BlackRock’s BUIDL fund, a tokenized U.S. Treasury product that helped push tokenized funds from proof-of-concept into a more visible institutional asset category.
The company has also been deepening ties with traditional exchange infrastructure. In March, the New York Stock Exchange and Securitize signed a memorandum of understanding focused on tokenized securities, digital transfer-agent standards and broker-dealer participation. That agreement positioned Securitize as part of the market-structure layer being built around tokenized stocks, funds and other regulated securities.
Leadership has moved in the same direction. Securitize appointed Brett Redfearn, former director of the SEC’s Division of Trading and Markets, as president and board member in April. The hire added market-structure and regulatory experience at a moment when the company is preparing to operate with public-company visibility.
The broader market backdrop is also favorable to the narrative, though not without risk. Tokenized real-world assets excluding stablecoins have surpassed $30 billion in on-chain value, with U.S. Treasuries and private credit among the largest active categories. Still, tokenization’s growth does not automatically translate into liquid secondary markets, investor demand or durable revenue for every platform. Public investors will need to separate infrastructure adoption from actual monetization.
Securitize has cleared the SEC effectiveness stage for its SPAC merger with Cantor Equity Partners II, but the transaction still needs CEPT shareholder approval on June 29. If that vote passes and closing conditions are met, Securitize Corp. is expected to become a NYSE-listed tokenization infrastructure company under SECZ.