Securitize Nears NYSE Debut as Benchmark Reiterates $16 Target, Signaling Infrastructure Shift for Global RWA Markets
Real-world asset tokenization platform Securitize is as few as weeks away from listing on the New York Stock Exchange, pending shareholder approval, with analyst firm Benchmark reiterating a Buy rating and a $16 price target as the company's SPAC merger moves toward a shareholder vote on June 29, 2026. For builders and institutions in South Asia and Africa, the listing marks a credibility inflection point for the infrastructure layer underpinning on-chain capital markets.
The combined company, which will trade under the ticker SECZ, is entering its final regulatory stages after the SEC declared its S-4 registration effective on June 5. Securitize reached the NYSE not through a traditional IPO but via a de-SPAC merger with Cantor Equity Partners II (CEPT), a blank-check vehicle sponsored by a Cantor Fitzgerald affiliate.
If CEPT shareholders approve the deal on June 29, the merger is expected to close shortly after. The transaction values Securitize at approximately $1.25 billion pre-money, with total gross proceeds projected at around $469 million: roughly $225 million from a private investment round (PIPE) led by Arche and ParaFi Capital, plus approximately $244 million from CEPT's trust account.
Benchmark analyst Mark Palmer recently reiterated his Buy rating on the stock, describing Securitize as "poised to be a positive outlier" heading into the listing. His $16 price target sits roughly 45% above CEPT's current trading price of approximately $11. The target is contingent on Securitize reaching $178 million in annual revenue by the end of 2027. Palmer has framed the company's addressable market in sweeping terms, with Benchmark estimating a total addressable market of $300 trillion in real-world assets that could ultimately be tokenized. "There is strong revenue visibility for Securitize, pointing to origination fees from companies that tokenize assets and recurring servicing revenue as reliable income streams," he told CoinCentral. He has also noted that "Securitize is really focused on providing the process behind tokenization," pointing to the range of industry verticals the company serves.
When Benchmark initiated coverage, Palmer told Decrypt that the firm sees "massive disruptive potential as it pertains to traditional finance and the ways in which capital markets have functioned."
Securitize operates an end-to-end platform for tokenizing real-world assets, including securities, private credit, and money market funds. Tokenization converts ownership rights in traditional assets into digital tokens recorded on a blockchain, enabling faster settlement and potentially broader investor access. The company handles compliance, KYC, transfer agent services, and ongoing asset servicing across eight blockchain networks, primarily Ethereum and Solana. It currently controls roughly 70% of the U.S. tokenization market and serves as the regulated transfer agent for BlackRock's BUIDL fund, the largest tokenized money market product globally with $2.2 billion in assets under management. BlackRock also separately led a $47 million strategic investment round in Securitize. Other existing shareholders rolling their full interests into the combined entity include ARK Invest, Morgan Stanley Investment Management, Hamilton Lane, Jump Crypto, Tradeweb Markets, and Blockchain Capital.
The company's Q1 2026 financials reflect the sector's momentum. Revenue hit a record $19.5 million for the quarter, up 39% year over year, with asset servicing fees surging 201% over the same period. Net loss came in at $7.9 million. Total tokenized assets under management stand at $3.4 billion, while total assets under administration reach $24.9 billion. Separately, Securitize and the NYSE announced a joint platform for tokenized securities featuring around-the-clock trading, a structural departure from traditional exchange hours that points to where institutional market infrastructure is heading.
For markets in South Asia and Africa, the significance of this listing extends well beyond U.S. capital markets. The same leapfrog logic that accelerated mobile money adoption in emerging markets, illustrated by M-Pesa in Kenya and by bKash in Bangladesh, is being applied directly to tokenized asset infrastructure. Securitize's model bypasses legacy clearing intermediaries such as the DTCC. In markets where those intermediaries are either absent or underdeveloped, on-chain settlement is not a disruption of existing rails but a replacement for infrastructure that was never built. A Bitfinex executive, cited by CoinTelegraph, observed that emerging markets tend to leapfrog the infrastructure that holds back developed markets, adopting digital rails, including stablecoin settlement, faster than economies burdened by entrenched legacy plumbing.
Sub-Saharan Africa received more than $205 billion in on-chain value between July 2024 and June 2025, a 52% year-over-year increase, making it one of the fastest-growing crypto regions globally. Eight African nations now have active crypto-specific regulatory frameworks. Real estate and commodities, the dominant tokenization use cases in developing economies, remain largely unaddressed by current tokenized volume, which skews heavily toward U.S. Treasuries (approximately $13.4 billion as of April 2026 across the broader market).
Securitize is not the only firm in this space. Ondo Finance, Backed, and Centrifuge compete in adjacent verticals. But the depth of Securitize's institutional backing and its 70% domestic market share make its public listing the clearest signal yet that tokenized infrastructure is graduating into a mainstream capital markets category. Builders in South Asia and Africa working on RWA protocols, DeFi yield products, or compliance tooling should monitor Securitize's post-listing public filings for any API or SDK access expansions. The company's multi-chain architecture and the NYSE's 24/7 trading partnership offer a potential template for regional exchange integrations as local regulatory frameworks continue to take shape.