On July 2, 2026, Securitize will begin trading on the New York Stock Exchange under the ticker SECZ. It will be the first pure-play tokenization company listed on a traditional U.S. exchange. The SPAC merger shareholder vote is June 29. The deal is expected to close July 1.
The blank-check vehicle is Cantor Equity Partners II, chaired by Brandon Lutnick. His father Howard Lutnick ran Cantor Fitzgerald for four decades before stepping down and divesting his interests upon confirmation as U.S. Commerce Secretary, transferring control to Brandon and his brother Kyle. The deal values Securitize at $1.25 billion pre-money and is expected to raise approximately $400 million in gross proceeds.
The Platform
Securitize is an SEC-registered broker-dealer, digital transfer agent, fund administrator, and operator of an SEC-regulated alternative trading system. It has tokenized more than $4 billion in real-world assets in partnership with BlackRock, Apollo, Hamilton Lane, KKR, and VanEck.
Its most important product is BlackRock's BUIDL, the USD Institutional Digital Liquidity Fund. Launched on Ethereum in March 2024, BUIDL crossed $1 billion in assets within its first year. As of June 2026, it holds approximately $3 billion across eight blockchains including Ethereum, Solana, Polygon, and Avalanche.
The broader real-world asset tokenization market has grown from approximately $5 billion in 2022 to more than $31 billion in 2026. Boston Consulting Group projects it could reach $16 trillion by 2030. Its Q1 2026 revenue reached $19.5 million, up 39 percent year-over-year. Asset servicing revenue, the recurring fees from managing tokenized funds, tripled to $8.3 million from $2.8 million.
The Vehicle
SPACs were supposed to be dead. After the 2021 boom, redemption rates at most blank-check companies climbed above 80 percent, stranding sponsors and leaving target companies without capital. The Securitize deal was different. Fewer than 30 percent of trust investors redeemed their shares. The PIPE, a concurrent placement to institutional investors, was oversubscribed at approximately $225 million.
The capital came not because of the vehicle but despite it. Institutional investors stayed because the business underneath was real: regulated infrastructure with recurring revenue, anchored by the largest asset manager in the world.
The Self-Listing
On May 4, 2026, FINRA approved Securitize to custody tokenized securities, settle trades atomically, and underwrite onchain IPOs. The company that needed the NYSE to go public can now take other companies public without it.
And it plans to start with itself. Securitize will tokenize its own SECZ equity on its own platform, simultaneously listing traditional shares on NYSE settlement rails and blockchain-native tokens capable of instant settlement and around-the-clock trading. One stock. Two infrastructures. The same company operating both.
The NYSE listing admits the first tokenization company. The tokenization company immediately demonstrates that the NYSE's core functions, T+1 clearing, market-hours-only trading, DTCC intermediation, are optional. The traditional exchange becomes the last bridge into a system designed to make bridges unnecessary.
Three years ago, Larry Fink called tokenization the next generation for markets. He did not say it would be the next generation for stock exchanges. But when Securitize tokenizes its own NYSE-listed equity, it becomes both the listed company and the listing infrastructure. The distinction between the asset and the exchange starts to dissolve.
The first listing is the proof that the last exchange is already built.