---
title: "BlackRock-Backed Securitize Targets $400 Million and an NYSE Debut in Tokenization's Biggest Public Test"
description: "Securitize, the tokenization firm that runs the plumbing behind BlackRock's flagship blockchain fund, expects to raise about $400 million and begin trading on the New York Stock Exchange in early July — the first major public-market test for the fast-growing business of putting real-world assets on a blockchain."
category: "Crypto"
category_url: https://boursel.com/category/crypto
author: "Priya Venkatesan"
published: 2026-06-27T05:43:40.000Z
updated: 2026-06-27T05:43:40.000Z
canonical: https://boursel.com/article/blackrock-backed-securitize-targets-400-million-and-an-nyse-debut-in-tokenizatio
tags: ["tokenization", "securitize", "blackrock", "spac", "nyse", "real-world-assets"]
---
# BlackRock-Backed Securitize Targets $400 Million and an NYSE Debut in Tokenization's Biggest Public Test

Securitize, the tokenization firm that runs the plumbing behind BlackRock's flagship blockchain fund, expects to raise about $400 million and begin trading on the New York Stock Exchange in early July — the first major public-market test for the fast-growing business of putting real-world assets on a blockchain.

Securitize, a financial-technology firm backed by BlackRock and Morgan Stanley, expects to raise roughly $400 million and start trading on the New York Stock Exchange under the ticker SECZ in early July, [according to The Block](https://www.theblock.co/post/406396/tokenization-firm-securitize-july-nyse-debut-400-million-spac-deal). If completed, the listing would be the first time public-market investors can buy a direct stake in a pure-play tokenization company — a notable test of whether Wall Street's enthusiasm for the technology extends to owning the business behind it.

## How the deal is structured

Securitize is going public by merging with Cantor Equity Partners II, a special purpose acquisition company, or SPAC. A SPAC is a shell company that first raises money in a public offering and then merges with a private business to take it public, sidestepping the traditional initial public offering process. The SPAC here is affiliated with the Wall Street firm Cantor Fitzgerald.

The merger is expected to close on July 1, with the combined company's shares due to begin trading the next day, [Cointelegraph reported](https://cointelegraph.com/news/securitize-expects-to-raise-400m-ahead-of-public-debut). The deal still requires shareholder approval. Of the roughly $400 million in expected gross proceeds, $225 million comes from a PIPE — a private investment in public equity, in which institutional investors agree to buy shares at a set price alongside the merger. That portion was oversubscribed, The Block reported, and fewer than 30% of the SPAC's existing shareholders chose to cash out ahead of the close, leaving more than 71% of the trust in place — both read as signs of investor confidence by SPAC standards.

## What Securitize does

Securitize builds the infrastructure for **tokenization** — representing ownership of a real-world asset as a digital token on a blockchain. **Real-world assets**, or RWAs, are traditional instruments such as Treasury bonds, money-market funds and private-credit funds. Tokenizing them means issuing a digital token that carries the same legal and economic rights as the underlying asset but settles on a blockchain rather than through a traditional clearinghouse — in principle making the asset faster to transfer and easier to divide among investors.

Securitize handles the unglamorous but essential parts of that process: compliance checks, issuance and the ongoing administration of tokenized securities. Its clients include BlackRock, Apollo, KKR, BNY Mellon and Hamilton Lane, [according to Decrypt](https://decrypt.co/372249/wall-street-next-tokenization-test-blackrock-backed-securitize-ipo).

## The BlackRock connection

The clearest evidence of Securitize's institutional reach is its role administering BlackRock's BUIDL fund — the world's largest asset manager's tokenized money-market fund, which holds U.S. Treasuries. BUIDL has grown to nearly $3.1 billion in assets, [The Block reported](https://www.theblock.co/post/406396/tokenization-firm-securitize-july-nyse-debut-400-million-spac-deal). BlackRock is also a direct investor in Securitize, as are Morgan Stanley and the crypto firms Coinbase and Circle.

"When we started more than eight years ago, the idea that major institutions would embrace tokenized securities was still largely theoretical," chief executive and co-founder Carlos Domingo said in a statement. "Today, tokenization is moving into the mainstream."

## Why it matters — and what could still go wrong

Tokenization has drawn heavy interest from large financial institutions, but the sector has lacked a sizeable, publicly listed company devoted to it. A Securitize listing would give investors a direct equity bet on the trend itself rather than on a single tokenized product. The brokerage Benchmark, initiating coverage, pointed to Securitize's regulatory licenses in the U.S. and Europe as a competitive advantage and set a Buy rating with a $16 price target, The Block reported.

The risks are real, though. The merger has not closed, and remains subject to a shareholder vote. The regulatory framework for tokenized securities is still unsettled: Decrypt reported that the U.S. Securities and Exchange Commission has been weighing exemptions for tokenized stocks and recently delayed one such effort over governance concerns. Whether a successful debut translates into lasting investor appetite for tokenization as a business — not just a buzzword — is the question both Wall Street and the crypto industry will be watching.

## Sources

- [Tokenization firm Securitize eyes July NYSE debut, $400 million SPAC deal](https://www.theblock.co/post/406396/tokenization-firm-securitize-july-nyse-debut-400-million-spac-deal)
- [Securitize expects to raise $400M ahead of public debut](https://cointelegraph.com/news/securitize-expects-to-raise-400m-ahead-of-public-debut)
- [Wall Street's next tokenization test: BlackRock-backed Securitize IPO](https://decrypt.co/372249/wall-street-next-tokenization-test-blackrock-backed-securitize-ipo)