Securitize SPAC Deal Values Tokenization Pioneer at $1.25B

Securitize, a leading asset-tokenization platform, is moving to go public via a SPAC deal that could fast-track its plan to expand tokenized securities beyond the stablecoin and money-market niche. The company is advancing a business combination with Cantor Equity Partners II (Nasdaq: CEPT), the Cantor Fitzgerald–affiliated SPAC. If completed, Securitize would list on Nasdaq under the ticker SECZ. The merger, first disclosed in late 2025, now has more detail: Securitize’s pre‑money valuation is roughly $1.25 billion, and the transaction could deliver up to about $465 million in gross proceeds if there are no redemptions — roughly $240 million from the SPAC trust plus about $225 million from PIPE commitments from investors such as Borderless Capital and Hanwha Investment. Operational and financial picture - Securitize says it is already profitable in its asset-tokenization business, driven by partnerships with major financial institutions. - In January 2026 the combined company (Securitize Holdings, Inc., or “Pubco”) filed a Form S‑4 with the SEC. The filing projects the pro‑forma company will be debt‑free after the deal and forecasts roughly $110 million in revenue and $24 million in net income for 2026. - Closing remains subject to usual conditions: SEC clearance of the S‑4, CEPT shareholder approval and Nasdaq listing requirements. Why this matters for tokenization Securitize has built its brand on converting real-world assets into on-chain securities — especially private market securities and funds — rather than on issuing generic utility tokens. It operates as a registered transfer agent and digital securities platform and has been a backbone for high-profile tokenization projects like BlackRock’s BUIDL tokenized money-market fund and KKR’s tokenized feeder funds. CEO Carlos Domingo frames tokenization as an “upgrade” of traditional assets into programmable, blockchain-native formats that can broaden access, enable fractional ownership and boost secondary-market liquidity. He told investors the SPAC is both a capital raise and a signal: Securitize plans to tokenized its own equity on-chain and show how a traditional public-company structure can sit alongside on‑chain finance. Beyond stablecoins While stablecoins and tokenized treasuries have dominated early revenue for tokenization providers, Securitize is explicitly pushing to broaden tokenized issuance into equities, government debt, private credit, real estate and fund products. The firm wants to become the “default stack” for institutions moving those assets on-chain. If the CEPT deal closes, Securitize would be among the first large, pure-play tokenization platforms listed on a major U.S. exchange — a landmark that could provide public-market investors a direct play on the tokenization theme, rather than only indirect exposure through tokenized funds or blockchain-adjacent equities. Broader context The transaction comes as institutional interest in on‑chain infrastructure grows — from exchange-backed initiatives like Börse Stuttgart’s Seturion to venture views (eg, a16z) that finance is migrating to cloud-like, blockchain-native systems. Securitize’s SPAC listing, if successful, would be an early, capital‑intensive proof point that tokenization can scale into an institutional business capable of supporting a public-company balance sheet.