On July 2, 2026, Securitize completed its SPAC merger with Cantor Equity Partners II (CEPT) and began trading on the New York Stock Exchange under the ticker SECZ. The listing made Securitize one of the first publicly traded pure-play tokenization infrastructure companies and marked an important milestone for the tokenization and real-world asset (RWA) sector. The company raised about $400 million in gross proceeds, including an oversubscribed $225 million PIPE. Redemptions were low, at under 30% of the SPAC trust, and the pre-deal valuation was approximately $1.25 billion. On its first day of NYSE trading, Securitize tokenized its own shares on the Avalanche and Solana blockchains. These issuer-sponsored tokenized SECZ shares now trade alongside traditional shares, providing a notable real-world example of RWA tokenization.
Let us explain.
Securitize presents itself as a regulated bridge between traditional finance and blockchain technology. As an SEC-registered transfer agent and broker-dealer, it has tokenized more than $4 billion in assets and provides the compliant infrastructure needed to issue and manage traditional financial assets on-chain.
Asset managers, private equity firms, and credit funds are interested in tokenizing products such as funds, loans, and equities to enable 24/7 trading, faster settlement, fractional ownership, improved liquidity, and programmable features. Doing this compliantly is difficult because it requires securities licenses, KYC/AML processes, transfer restrictions, and appropriate legal structures.
Securitize addresses this complexity by offering end-to-end tokenization infrastructure. Its platform lets asset managers issue tokenized products on public blockchains such as Ethereum, Solana, and Avalanche without building their own compliance and operational systems. This is why institutions including BlackRock, Apollo, and KKR work with Securitize.
Who uses Securitize?
Notable clients include BlackRock’s BUIDL fund, which has grown significantly on Securitize’s platform. Other examples include the Securitize Tokenized AAA CLO Fund (STAC) with Ethena and the Atlas America Fund associated with Nouriel Roubini and Atlas Capital Team.
STAC is a tokenized fund that invests in high-quality AAA-rated collateralized loan obligations. In June 2026, Securitize expanded STAC to the Solana blockchain, while Ethena Labs announced a planned $250 million allocation. Ethena intends to use the fund as institutional-grade collateral for its stablecoins, USDe and USDtb, making it one of the largest commitments to tokenized structured credit on Solana.
The Atlas America Fund (USAF) is an SEC-registered ETF managed by Atlas Capital Team, with economist Nouriel Roubini serving as chief economist. Securitize was chosen to create USAFi, a digital version issued under Dubai’s VARA regulatory framework. Backed 1:1 by the traditional ETF, which holds U.S. Treasuries, gold, REITs, and commodities, USAFi is designed to function as portable on-chain collateral for institutional investors. Securitize has also announced partnerships with Continental Stock Transfer & Trust to expand issuer access and with KDDI in Japan for blockchain-based financial services.
Why does asset tokenization matter?
Security tokenization converts traditional financial instruments, such as stocks, bonds, and fund shares, into digital tokens recorded on a blockchain or distributed ledger. These tokens provide transparent, tamper-resistant records of ownership, rights, and transactions, connecting traditional finance with blockchain-based capabilities. In practice, tokenization changes the operational format and recordkeeping of securities. Tokenized securities generally follow one of two models:
- Issuer-sponsored tokenization, in which the company or fund directly integrates blockchain into its ownership records to create native digital securities.
- Third-party tokenization, in which an independent entity, often a custodian, holds the underlying asset and issues tokens representing that security, similar to wrapped assets.
What are the benefits of tokenized securities trading?
Benefits include fractional ownership, broader investor access, faster and lower-cost transfers than traditional T+1 or T+2 settlement, better liquidity for historically illiquid assets, programmable features such as automated dividends or compliance rules, 24/7 global trading, and greater transparency through immutable records.
Sounds Familiar.
We have written extensively about tokenization. Investors may recall our earlier notes from March 18, 2026, on the SEC’s approval of tokenization, and December 21, 2025, on JPMorgan’s MONY program. Tokenization’s transactional benefits are only beginning to reach their target industries, and Securitize’s industrial-strength platform is helping turn its efficiency promise into reality.
