Securitize said it expects to raise about $400 million in gross proceeds from a merger with Cantor Equity Partners II (CEPT), the SPAC that will take the tokenization platform public on the New York Stock Exchange under the ticker SECZ. The acquisition vehicle’s shares rose 7% to $10.86 and continued to climb after-hours. The merger is expected to close on July 1, pending shareholder approval on Monday and other conditions, with trading set to begin on July 2. CEO Carlos Domingo said the move marks a milestone for the firm and reflects growing mainstream interest in tokenized securities, a practice that represents assets on blockchains. Securitize is backed by investors such as BlackRock, Morgan Stanley, Coinbase and Circle and has partnered with the New York Stock Exchange to develop tokenized securities for the exchange’s platform. Standard Chartered said it expects tokenized assets in decentralized finance could reach $2.7 trillion by 2030, and the U.S. Securities and Exchange Commission delayed a plan to allow trading of tokenized stocks after concerns about implementation.