Securitize won shareholder approval for its SPAC merger with Canton Equity Partners II (CEPT), clearing a major hurdle for a public debut on Thursday:
- CEPT shares surged 20% during Monday's session:
- The listing coincides with Wall Street institutions ramping up efforts to bring traditional assets onto blockchain rails:
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 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:
