- Cantor investors approved the Securitize merger, clearing the final major vote.
- SECZ is scheduled to begin NYSE trading on July 2, one day after the deal closes.
- The merger is expected to deliver about $400 million in gross proceeds before expenses.
Shareholders of Cantor Equity Partners II approved its merger with Securitize, clearing the decisive investor hurdle before the tokenization company enters public markets. The vote followed CEPT shares rising as much as 20% during Monday trading before the meeting result became public.
According to reports, the transaction is expected to close on July 1, provided that the remaining customary conditions are satisfied or waived. Moreover, trading in the combined company, Securitize Corp., is scheduled to begin July 2 on the NYSE under the ticker SECZ.
Approval Unlocks Nearly $400 Million in Gross Proceeds
The deal was first announced in October 2025 at a pre-money equity valuation of $1.25 billion. Its financing includes a fully committed $225 million PIPE backed by Arche, Borderless Capital, Hanwha Investment & Securities, InterVest, and ParaFi Capital.
Cantor’s SPAC originally held $244 million in trust, assuming shareholders did not redeem their holdings. However, fewer than 30% of public shareholders elected redemption, leaving 71.5% of the trust available.
As a result, the company expects about $400 million in gross proceeds before transaction expenses. Existing investors will retain their ownership through rolled equity rather than receive cash consideration.
The investor approval followed the SEC’s declaration of the merger’s Form S-4 registration statement, effective earlier in June. That step allowed shareholders to consider the transaction with the required registration materials in place.
Tokenization Platform Brings Scale but Posts Quarterly Loss
Securitize enters the public listing with more than $4 billion in tokenized assets under management. Its regulated operations include an SEC-registered broker-dealer, transfer agent, and alternative trading system in the United States.
That regulatory foundation has helped the platform attract major institutional partners, including BlackRock, Apollo, KKR, Hamilton Lane, BNY, and VanEck. During the first quarter, it processed $1.9 billion in aggregated transaction volume while servicing 650 active funds.
The company’s broader fund-administration business also continued to expand. It reported $24.9 billion in assets under administration across tokenized products and conventional fund-servicing operations. Meanwhile, first-quarter revenue rose 39% year over year to $19.5 million.
Despite that growth, profitability remained limited. Adjusted EBITDA reached $800,000, while the company recorded a $7.9 million net loss. The results reflect rising activity alongside the continuing costs of building and operating regulated market infrastructure.
Securitize has also strengthened its position within traditional financial markets. In March, it signed an agreement with the NYSE to support the exchange operator’s planned digital trading platform.
Under the arrangement, Securitize became the first eligible digital transfer agent permitted to mint blockchain-native securities for participating issuers.
Related: NYSE and Securitize Join Forces to Launch 24/7 Tokenized Securities Platform
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