BlackRock-Backed Securitize Debuts on NYSE Next Week with $400M in Proceeds

Securitize is set to begin trading on the New York Stock Exchange next week under the ticker symbol SECZ, following the completion of its merger with a Cantor Fitzgerald-backed SPAC. The transaction, which closed this week after investors redeemed less than 30% of shares, is expected to raise roughly $400 million in total proceeds for the BlackRock-backed tokenization specialist.

As of June, Securitize manages over $4 billion in assets, with BlackRock's BUIDL tokenized money market fund representing its largest product at $2.4 billion. The company's public debut comes as Wall Street tests its appetite for firms tied to the emerging tokenization market.