SEC S-4 approval completed… SPAC merger vote to proceed on the 29th
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Securitize announced on the 8th that the U.S. SEC has issued Cantor Equity Partners II's S-4 filing. This document is a key step toward the merger between Securitize and a Special Purpose Acquisition Company (SPAC).
This SPAC is a publicly traded company sponsored by Cantor Fitzgerald and a Securitize affiliate. Both parties are scheduled to hold a shareholder vote on the 29th, and if approved, the merged entity will be listed on the New York Stock Exchange under the name 'Securitize Corp'. The planned ticker symbol is 'SECZ'.
Carlos Domingo, co-founder and CEO of Securitize, described the SEC approval as "a significant milestone for expanding institutional adoption of Securitize and the tokenization industry as a whole."
Securitize currently manages assets worth approximately $4 billion (6.1952 trillion KRW). It also provides tokenized financial products in collaboration with global asset management firms such as Apollo, BlackRock, BNY, and VanEck.
The company recorded sales of $19.5 million (30.2 billion KRW) in the first quarter of this year. This represents a 39% increase compared to the same period last year.
This push for a listing aligns with the trend of traditional financial institutions expanding into the tokenization market. Last March, the New York Stock Exchange signed a business agreement with Securitize to build a blockchain-based stock trading infrastructure.
Meanwhile, the real-world asset tokenization market has recently been showing rapid growth. According to market research firm RWA.xyz, the value of on-chain real-world assets, excluding stablecoins, reached an all-time high of $32 billion (49.4976 trillion KRW) last May. This represents an increase of approximately 220% compared to a year ago.
Currently, in the tokenization market, U.S. Treasury bonds account for about half of the total, while commodity assets account for about 16%. The size of the tokenized stock market is approximately $1.5 billion (2.3202 trillion KRW), remaining at 4.8% of the total.
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
