Asset tokenization platform Securitize is moving forward with a SPAC merger on Nasdaq, aiming to accelerate its expansion beyond stablecoins into the broader world of tokenized securities.
summary
- Securitization of plans to go public via merger with Nasdaq-listed Cantor Equity Partners II (CEPT).
- CEO Carlos Domingo says the company is already profitable in the asset tokenization space
- The company wants to use its public listing to issue and trade more token assets beyond stablecoins
Securitize’s efforts to “tokenize the world” have taken a value-added turn, with the company doubling down on its efforts to assemble operating on-chain securities infrastructure at scale.
The Company is developing a business combination with Cantor Equity Partners II, a Nasdaq-listed special purpose acquisition company sponsored by a subsidiary of Cantor Fitzgerald and trading under the ticker. CEPT.
Transaction first Announce Late 2025 will see Securitize become a publicly traded company on the Nasdaq under the symbol SECZ once the merger closes, but the company recently described in more detail exactly how that will be implemented.
During recent times Investor appealCarlos Domingo, co-founder and CEO of Securitize, said the company has already reached profitability in the asset tokenization space, driven by partnerships with large financial institutions. In this regard, Domingo emphasized that Securitize intends to use the SPAC deal to “accelerate,” in what he called a desire to expand the fund’s mission in closer alignment with their core vision.
Domingo noted that the problem looking forward is how to trade more assets in tokenized form beyond the stablecoins and money market fund products that dominated the early wave of tokenization.
SPAC Structure and Listing Roadmap, How Does It Work?
Under the merger agreement, Cantor Equity Partners II will merge with Securitize at a pre-fund valuation of approximately $1.25 billion, according to previous coverage by CNBC Providing private press materials.
Domingo noted on a recent investor call that the deal is expected to generate approximately $465 million in gross proceeds if there are no redemptions, including approximately $240 million from the SPAC fund and $225 million in private investment in public equity commitments (PIPE) from investors such as Borderless Capital and Hanwha Investment.
In January 2026, Securitize Holdings, Inc. – “Pubco” after the merger – Publicly has Form S-4 Registration Statement with US Securities and Exchange CommissionThe deal is formalized and details the expected financials of the combined company.
The filing notes that Securitize expects to be debt-free on a pro forma basis after the merger and expects about $110 million in revenue and $24 million in net income for 2026, according to a previous X post from Domingo summarizing the investor group.
Completion of the SPAC transaction remains dependent on customary closing conditions, including SEC S‑4 approval, shareholder approval from CEPT investors, and satisfaction of Nasdaq listing requirements. Until those boxes are checked, Securities remains a private company, even though it is already positioning itself as a de facto public market candidate in the tokenization sector.
Expanding beyond stablecoins to tokenized securities, how can Securitize scale it?
Securitization It has built its reputation on tokenizing real-world assets, especially securities and funds, in the private market rather than issuing public utility tokens.
The company operates as a registered transfer agent and securities platform for digital assets, and has been a major infrastructure provider for high-profile tokenization transactions, including BlackRock Building KKR tokenized money market fund and feeder funds.
Domingo has argued that the true value of tokenization lies in “upgrading” traditional assets into native, programmable formats, which can improve access, fractional ownership, and secondary market liquidity.
During the same recent interview, he framed the SPAC listing as both a capital raise and a signaling device, saying that becoming a public company while tokenizing its own shares on-chain at the same time demonstrates how Securitize intends to operate at the intersection of traditional capital markets and on-chain finance.
The company’s strategy is clearly broader than stablecoins. while stablecoins Tokenized Treasuries have proven to be highly profitable for issuers, and Securitize is betting that everything from private credit and stocks to real estate and funds will eventually be issued and traded as digital tokens, and it wants to become the default stack for this transformation.
What does SPAC mean for tokenization
If the CEPT deal closes, Securitize will become one of the first large pure-play tokenization platforms listed on a major U.S. exchange, joining a small group of local blockchain-based companies that have used SPACs to reach public markets.
For this broader tokenization narrative to succeed, a successful listing with real revenues and profitability would serve as an important proof of concept that on-chain securities infrastructure can support a public company’s balance sheet.
It would also give public market investors a direct way to express their view on asset tokenization as a topic, rather than just buying tokenized funds or blockchain stocks indirectly exposed to the space.
In parallel with other developments, such as the Stuttgart Stock Exchange Citorion platform and a16z’s thesis that finance is undergoing a “cloud-style” migration to on-chain infrastructure, Securitize’s planned SPAC listing seems to confirm that tokenization is no longer a thought experiment but a capital-intensive institutional business trying to scale.
