The tokenization firm backed by BlackRock, Securitize, is on the verge of becoming a publicly traded entity as the U.S. Securities and Exchange Commission (SEC) has approved a crucial filing related to its merger with a special purpose acquisition company (SPAC). The SEC has made Securitize’s registration statement for its planned combination with Cantor Equity Partners II (CEPT) effective. This merger involves a blank-check company supported by an affiliate of Cantor Fitzgerald, as stated by the companies on Friday. A shareholder vote on the merger is set for June 29, and if approved, the deal is expected to close shortly after, allowing the combined entity to trade on the New York Stock Exchange under the ticker symbol «SECZ.» This development occurs as tokenization continues to gain traction as one of the fastest-growing movements in the financial sector. Tokenization refers to the creation of blockchain-based representations of traditional assets, including funds, bonds, private credit, and equities. Advocates assert that this technology can enhance settlement times, reduce costs, and facilitate round-the-clock trading of assets. The market has garnered increasing interest from major global banks and asset managers like BlackRock, Franklin Templeton, JPMorgan, and Fidelity. According to data from RWA.xyz, the market for tokenized assets has nearly tripled in a year, exceeding $30 billion. Citi has estimated that tokenized assets could reach $5.5 trillion by 2030, while a joint report by Boston Consulting Group and Ripple predicts the market may expand to $18.9 trillion by 2033. Securitize has emerged as a leading infrastructure provider in the sector, delivering tokenization, transfer-agent, and trading technology for products from companies such as BlackRock, Apollo, KKR, Hamilton Lane, and VanEck. Its most notable partnership is with BlackRock’s BUIDL fund, a tokenized money market fund launched in 2024 that has become one of the largest tokenized Treasury products available. Additionally, the firm is assisting the New York Stock Exchange in developing its tokenized securities platform earlier this year. Securitize’s decision to proceed with its public offering is particularly noteworthy as several cryptocurrency firms, including Kraken and Consensys, have paused their public listing initiatives in light of the volatile crypto markets.