SEC approves Securitize-Cantor SPAC merger, vote pending

A major provider of blockchain-based financial infrastructure has moved closer to becoming a publicly traded company. Securitize, a firm specializing in tokenizing traditional assets, announced that the U.S. Securities and Exchange Commission has declared effective the registration statement for its planned merger with Cantor Equity Partners II, a special purpose acquisition company affiliated with Cantor Fitzgerald.

This regulatory clearance is a significant step, but does not finalize the transaction. The deal now requires approval from shareholders of Cantor Equity Partners II. A special meeting for shareholders of record as of May 11 is scheduled for June 29. If the merger is approved, the combined entity, to be named Securitize Corp., is expected to begin trading on the New York Stock Exchange under the ticker symbol SECZ shortly afterward.

Securitize provides the technological backbone for converting ownership rights in assets like private equity, real estate, and funds into digital tokens on a blockchain. The company’s services include tokenization, transfer agency, fund administration, and trading systems, with regulated operations in the United States and Europe. Its...