SECZ debut on NYSE: $400M raise sits atop BUIDL’s $2.2B-$2.5B on-chain base
Securitize's SPAC listing under ticker SECZ raised ~$400M gross, tying public equity exposure to BlackRock's BUIDL fund and a market pegged for $80B by 2026.
Securitize is now a publicly traded entity on the NYSE under ticker SECZ, following the close of its SPAC merger with Cantor Equity Partners II. The transaction generated roughly $400 million in gross proceeds, giving equity investors a direct wrapper around the tokenization infrastructure stack without requiring them to hold digital assets directly.
The BUIDL dependency
The core of Securitize’s revenue base remains its role as transfer agent for BlackRock’s BUIDL fund, a tokenized money market product that launched March 20, 2024. BUIDL currently carries between $2.2 billion and $2.5 billion in assets under management, distributed across Ethereum, Solana and Avalanche.
Any expansion in BUIDL’s AUM beyond that $2.2B–$2.5B range functions as a direct signal for the underlying infrastructure Securitize operates — the fund’s growth trajectory is effectively the clearest proxy available for demand on Securitize’s transfer-agent rails.
Deal mechanics: tokenized equity at listing
As part of finalizing the Cantor Equity Partners II merger in July 2026, Securitize tokenized between $295 million and $300 million of its own common stock. The move served as a live demonstration of its technology at the exact moment of its market debut, with the tokenized stock issued on Solana.
Read more: Securitize Tokenizes $295M of Its Own Stock on Solana at NYSE Debut
Client base and market sizing
Beyond BlackRock, Securitize’s institutional roster includes Apollo, KKR and ARK Invest, with an estimated $4 billion in AUM tied to tokenized products built on its rails. The broader real-world asset tokenization market currently sits between $18 billion and $37 billion in total estimated value.
Projections point to that figure reaching $80 billion by the end of 2026 — a range that, if it materializes, would put Securitize’s transfer-agent and infrastructure exposure at the center of a market roughly triple its current size.
For positioning purposes, SECZ now functions as a public-equity proxy for RWA-market growth, BUIDL AUM trajectory, and institutional willingness to keep building tokenized products on regulated rails — three variables that will likely drive the stock’s correlation to on-chain tokenization flows going forward.