Securitize to go public via SPAC merger

Securitize did not newly announce a SPAC merger on May 21, 2026. The company said on Oct. 28, 2025 that it had entered a definitive business combination agreement with Cantor Equity Partners II, a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald, to become a publicly listed company. The transaction values Securitize at a $1.25 billion pre-money equity value, according to the company’s announcement. (prnewswire.com) Existing shareholders including ARK Invest, BlackRock, Blockchain Capital, Hamilton Lane, Jump Crypto, Morgan Stanley Investment Management and Tradeweb Markets were set to roll 100% of their interests into the combined company. On May 20, 2026, Securitize published first-quarter results that referred to the already announced proposed combination with Cantor Equity Partners II. The company reported $19.5 million in revenue for the quarter ended March 31, up 39% from a year earlier, with adjusted EBITDA of $0.8 million and a net loss of $7.9 million. (prnewswire.com) Securitize also said average tokenized assets under management were $3.2 billion in the quarter, with $3.4 billion as of March 31. ### Did Securitize just announce this deal? Oct. 28, 2025 is the date of the company’s merger announcement, not May 21, 2026. Securitize said then that it had signed the business combination agreement with Cantor Equity Partners II and that the combined company would be renamed Securitize Corp. Its common stock is expected to trade on Nasdaq under the ticker SECZ. (prnewswire.com) May 20, 2026 is the date of the company’s latest quarterly results, which again referenced the proposed transaction in the opening line of the release. The earnings statement did not present the SPAC deal as a new event. ### Which SPAC is involved, and what are the terms? Cantor Equity Partners II is the SPAC partner in the transaction. Securitize said the deal values the company at a $1.25 billion pre-money equity value and would create what it described as the first public securities-focused tokenization infrastructure company. (prnewswire.com) Carlos Domingo, Securitize’s co-founder and chief executive, said in the October announcement that the transaction was “the next chapter” in the company’s effort to bring financial markets onchain. Brandon Lutnick, chairman and chief executive of Cantor Fitzgerald and chairman of Cantor Equity Partners II, said the partnership reflected Cantor’s confidence in tokenization. (prnewswire.com 1) (prnewswire.com 2) ### What does Securitize actually do for BlackRock and KKR? BlackRock said on March 20, 2024 that investors could subscribe to its BlackRock USD Institutional Digital Liquidity Fund, known as BUIDL, through Securitize Markets. BlackRock also said at the time that it had invested in Securitize as part of its digital-assets infrastructure push. KKR said on Sept. 13, 2022 that Securitize launched a fund providing tokenized exposure to KKR’s Health Care Strategic Growth Fund II in the United States. (prnewswire.com) KKR said the fund was managed by Securitize Capital and marked the first time exposure to one of KKR’s alternative investment strategies had been offered in a digital format in the U.S. ### What do the latest numbers show before the listing? Securitize reported 650 active funds being serviced by Securitize Fund Services as of March 31, 2026, assets under administration of $24.9 billion, and aggregated transaction volume of $1.9 billion in the first quarter. (prnewswire.com) The company said those results were the highest quarterly revenue in its history. Carlos Domingo said in the earnings release that the quarter included new partnership opportunities with the New York Stock Exchange, expanded liquidity options for BlackRock’s BUIDL through Uniswap, and a partnership with Computershare announced after quarter-end. (businesswire.com) ### What happens next in the listing process? Nasdaq is the planned exchange for the combined company, and SECZ is the expected ticker symbol once the transaction closes. Securitize said in October 2025 that the combined company would be renamed Securitize Corp. and that it also planned to tokenize its own equity. (media.kkr.com) The next formal milestones are the closing steps for the Cantor Equity Partners II merger and the eventual Nasdaq listing. As of Securitize’s May 20, 2026 quarterly release, the company was still describing the combination as proposed rather than completed. (prnewswire.com) (prnewswire.com)