Hanwha Group has emerged as the largest shareholder of US real-world asset (RWA) tokenization firm Securitize with a 9.6% stake, according to a US Securities and Exchange Commission (SEC) filing. The shareholding was confirmed on local time 1st following the completion of Securitize's merger with SPAC Cantor Equity Partners II (CEPT). The combined stake makes Hanwha the top shareholder among those holding 5% or more of the company. The transaction was disclosed in an 8-K filing submitted to the SEC, marking Securitize's entry into US public markets. Securitize is known as the issuance platform for BlackRock's tokenized money market fund BUIDL.
SPAC Merger Completes With Partial Shareholder Redemption
According to the 8-K filing submitted to the SEC on local time 1st, Securitize completed its business combination with Cantor Equity Partners II. During the transaction process, approximately 6,842,508 shares (28.5%) of CEPT shareholders elected redemption at approximately $10.6 per share, resulting in total payments of $72.51 million. Institutional investors acquired a total of 19,735,000 shares at $10 per share through PIPE (private investment in public equity), contributing $197.4 million in investment. Following the merger completion, Securitize's total issued common shares stand at 163,218,683.
Hanwha Group Holds 15.69 Million Shares Across Three Entities
The major shareholder disclosure included in the filing shows Hanwha Group holding a total of 15,689,509 shares (9.6%), securing its position as the largest shareholder. The holdings are composed of Hanwha Lifestyle Private Fund 2 with 9,633,291 shares, H Foundation Pte. Ltd. with 5,056,218 shares, and Hanwha Investment & Securities with 1,000,000 shares.
Blockchain Capital and CEO Domingo Hold Second and Third Largest Stakes
Following Hanwha Group, Blockchain Capital holds 9,831,423 shares (6%), while co-founder and CEO Carlos Domingo holds 9,016,960 shares (5.4%). Securitize is an RWA tokenization company known as the issuance platform for BlackRock's tokenized money market fund BUIDL. The company completed its listing procedure through the SPAC merger on local time 1st, entering the US stock market.
FAQ
What stake does Hanwha Group hold in Securitize after the SPAC merger?
Hanwha Group holds 15,689,509 shares representing a 9.6% stake in Securitize, making it the largest shareholder among those holding 5% or more. The holdings are distributed across Hanwha Lifestyle Private Fund 2 (9,633,291 shares), H Foundation Pte. Ltd. (5,056,218 shares), and Hanwha Investment & Securities (1,000,000 shares).
How much capital was raised through the SPAC merger transaction?
Institutional investors contributed $197.4 million through PIPE investment, acquiring 19,735,000 shares at $10 per share. However, approximately 6,842,508 shares (28.5%) of CEPT shareholders elected redemption at approximately $10.6 per share, resulting in $72.51 million in redemption payments.
Who are the other major shareholders of Securitize besides Hanwha Group?
Blockchain Capital holds 9,831,423 shares (6%), ranking as the second-largest shareholder. Co-founder and CEO Carlos Domingo holds 9,016,960 shares (5.4%), making him the third-largest shareholder among those disclosed in the SEC filing.
