Securitize Pursues $1.25B Nasdaq Listing Through SPAC Merger

• Securitize plans a $1.25B Nasdaq listing through a SPAC merger with Cantor Equity Partners II.
• Deal may raise up to $469M, with BlackRock, ARK Invest and Morgan Stanley rolling equity.
• CEO targets early 2026 listing; BUIDL fund and tokenized stock deals highlight growth.

Securitize is preparing to enter the U.S. public markets through a merger with Cantor Equity Partners II, a move that would value the tokenization firm at $1.25 billion. The planned deal, announced on Tuesday, marks one of the latest efforts by a digital-asset company to list on a major U.S. exchange amid gradually shifting regulatory conditions. The firm anticipates that the transaction will provide a substantial capital base as it expands its real-world asset tokenization services and enhances its presence within the financial sector.

Under the proposed agreement, Securitize would combine with the Nasdaq-listed special purpose acquisition company (SPAC) Cantor Equity Partners II. The firm said it anticipates raising as much as $469 million in proceeds from the merger, including funds from a private placement in public equity and capital held in Cantor Equity Partners II’s trust account.

Existing shareholders, including BlackRock, ARK Invest, and Morgan Stanley Investment Management, are set to roll their stakes into the new entity upon the transaction’s closure. Cantor Equity Partners II, which is affiliated with a firm linked to U.S. Secretary of Commerce Howard Lutnick, saw its share price decline by 7% on Tuesday to $11.93, according to Yahoo Finance.

Focus on On-Chain Issuance and Tokenized Funds

Securitize provides infrastructure for companies to issue and manage traditional financial instruments on public blockchains. Its services cover tokenization of assets such as equities and money market funds. In March, the company supported BlackRock in launching the USD Institutional Digital Liquidity Fund (BUIDL), which has grown to $2.8 billion in assets and is regarded as a key development within the tokenized fund segment.

The firm’s chief executive, Carlos Domingo, said the high-profile U.S. listing of Circle earlier this year contributed to internal discussions about pursuing a public route. Domingo noted that Securitize has focused on achieving profitability to position itself for market opportunities. He also pointed to an agreement reached in September with FG Nexus, an Ethereum-focused treasury company already listed on Nasdaq, to issue a tokenized version of its shares.

Domingo confirmed that the company’s listing could occur early next year, subject to regulatory review and the resolution of the ongoing U.S. government shutdown, which has slowed approvals related to the sector. He added that Securitize’s current balance sheet enables the consideration of acquisitions within the industry, rather than becoming a target itself, citing its workforce of 230 employees and continued revenue growth.