business
Securitize heads to NYSE debut after investors approve SPAC merger
Key takeaways
- Shares of CEPT surged as much as 20% during the Monday session.
- The company counts BlackRock and ARK Invest among its early investors.
- The listing comes as tokenization — the process of representing traditional assets such as funds, bonds and private credit on blockchain networks — gains traction across Wall Street.
The transaction is expected to close on Wednesday, subject to customary closing conditions, with the combined company beginning trading Thursday on the New York Stock Exchange under the ticker SECZ, the company said in an X post.
Shares of CEPT surged as much as 20% during the Monday session.
Founded in 2017, Securitize has become one of the leading providers of tokenization infrastructure, helping asset managers including BlackRock, Apollo, KKR and VanEck issue blockchain-based versions of traditional investment products. The company counts BlackRock and ARK Invest among its early investors.
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