Securitize’s Stunning 840% Revenue Surge Fuels $1.24B SPAC Merger with Cantor Fitzgerald

In a landmark development for the digital asset industry, Securitize Holdings has revealed an extraordinary 840% year-over-year revenue increase in its latest SEC filing, positioning the tokenization platform for a groundbreaking $1.24 billion public listing through a merger with Cantor Fitzgerald’s special purpose acquisition company. This explosive growth, reported on Wednesday, November 12, 2025, signals a seismic shift in institutional adoption of blockchain-based asset tokenization as traditional finance embraces distributed ledger technology under evolving regulatory frameworks.

Securitize’s Financial Metrics Reveal Tokenization Boom

The company’s public registration statement with the U.S. Securities and Exchange Commission presents compelling financial evidence of the real-world asset tokenization market’s acceleration. Specifically, Securitize reported total revenues of $55.6 million for the nine months ending September 2025, representing an 841% increase from the same period in 2024. This remarkable performance follows a year of substantial growth, with 2024 revenue reaching $18.8 million, a 129% increase from 2023’s $8.2 million.

Furthermore, the company projects continued expansion with 2026 revenue estimates of $110 million and adjusted EBITDA of $32 million. These projections reflect confidence in the growing institutional demand for tokenization solutions. The filing explicitly attributes this growth to “the real-world asset tokenization boom over the past year,” highlighting how traditional financial institutions are increasingly experimenting with blockchain technology for asset representation and transfer.

Comparative Financial Performance Table

The Cantor Fitzgerald SPAC Merger Structure

Securitize’s path to public markets involves a strategic merger with Cantor Equity Partners II, a special purpose acquisition company backed by the prominent financial services firm Cantor Fitzgerald. This transaction represents one of the most significant digital asset infrastructure deals of 2025. The merger agreement values Securitize at $1.24 billion in pre-transaction enterprise value and includes a $225 million Private Investment in Public Equity (PIPE) financing round.

Key structural elements of the deal include:

• Valuation: $1.24 billion enterprise value
• PIPE Financing: $225 million from institutional investors
• Expected Closing: First half of 2026
• Conditions: Shareholder approval and SEC clearance

The company stated in its filing that “Securitize is well-positioned to capitalize on the potential tokenization market due to its products, connectivity to the crypto ecosystem, and ability to attract customers, partners, and investors.” This confidence stems from the platform’s established position within the institutional digital asset ecosystem.

Institutional Adoption Driving Tokenization Growth

Securitize’s financial success directly correlates with broader institutional adoption of blockchain-based asset tokenization. The platform currently manages $4 billion in assets and maintains partnerships with blue-chip financial institutions including BlackRock, Apollo Global Management, Hamilton Lane, and VanEck. These relationships demonstrate how traditional finance firms are increasingly exploring tokenization technology, having gained confidence from clearer regulatory guidance under what industry observers describe as a “crypto-friendly SEC.”

Concurrently, the on-chain value of tokenized assets has surged 310% over the past twelve months according to data from RWA.xyz. The total value now stands at an all-time high of $24.2 billion, excluding stablecoins. This growth reflects increasing institutional comfort with blockchain infrastructure for traditional asset classes.

Tokenized Asset Composition Breakdown

The tokenization market exhibits diverse asset class representation:

• Tokenized US Treasuries: 40% of total value
• Tokenized Commodities: 20% of total value
• Tokenized Private Credit: 11% of total value
• Remaining Allocation: Tokenized alternative funds, corporate bonds, non-US government debt, and private/public equity

Ethereum maintains its position as the leading blockchain for asset tokenization, commanding a 65% market share when layer-2 networks are included. This dominance reflects the network’s established infrastructure, developer ecosystem, and institutional familiarity.

Regulatory Environment and Market Context

The current regulatory landscape has significantly influenced the tokenization market’s development. The SEC’s evolving guidance on issuer versus third-party tokenized securities has provided clearer parameters for market participants. Consequently, traditional financial institutions have gained confidence to experiment with tokenization technology within established regulatory frameworks.

Industry analysts note that Securitize’s timing aligns with several converging trends:

• Increasing institutional demand for blockchain efficiency in traditional finance
• Regulatory clarity around digital asset securities
• Growing recognition of tokenization’s potential for fractional ownership and liquidity
• Expansion of real-world asset representation on blockchain networks

This convergence creates favorable conditions for tokenization platforms seeking public market access through traditional financial channels like SPAC mergers.

Strategic Implications for Digital Asset Infrastructure

Securitize’s proposed public listing represents a milestone for digital asset infrastructure companies seeking mainstream capital markets access. The $1.24 billion valuation signals institutional recognition of tokenization’s long-term potential beyond cryptocurrency trading. Moreover, the involvement of Cantor Fitzgerald, a established Wall Street firm, bridges traditional finance with blockchain innovation.

The company’s growth trajectory suggests several strategic advantages:

• First-mover advantage in institutional tokenization infrastructure
• Regulatory compliance focus within evolving frameworks
• Partnership network with traditional financial giants
• Technology stack optimized for real-world asset representation

These advantages position Securitize to potentially capture significant market share as tokenization expands across additional asset classes and geographic markets.

Conclusion

Securitize’s extraordinary 840% revenue growth and subsequent $1.24 billion SPAC merger with Cantor Fitzgerald represent a watershed moment for the tokenization industry. The company’s financial performance, detailed in its recent SEC filing, demonstrates accelerating institutional adoption of blockchain technology for traditional asset representation. As regulatory frameworks evolve and traditional finance increasingly explores distributed ledger solutions, platforms like Securitize stand to benefit from growing demand for compliant, institutional-grade tokenization infrastructure. This transaction not only validates the tokenization market’s potential but also establishes a precedent for digital asset companies seeking public market access through traditional financial channels.

FAQs

Q1: What percentage revenue increase did Securitize report in its latest SEC filing?
Securitize reported an 841% year-over-year revenue increase for the nine months ending September 2025, with total revenues reaching $55.6 million compared to the same period in 2024.

Q2: How is Securitize planning to become a publicly traded company?
The company plans to go public through a merger with Cantor Equity Partners II, a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald, in a deal valuing Securitize at $1.24 billion.

Q3: What is driving Securitize’s substantial revenue growth?
The growth primarily stems from increased institutional adoption of real-world asset tokenization, with traditional financial firms gaining confidence to experiment with blockchain technology under evolving regulatory guidance.

Q4: Which major financial institutions partner with Securitize?
The platform maintains partnerships with several blue-chip institutions including BlackRock, Apollo Global Management, Hamilton Lane, and VanEck, managing approximately $4 billion in assets.

Q5: What is the current size of the tokenized asset market?
According to RWA.xyz, the on-chain value of tokenized assets has reached an all-time high of $24.2 billion (excluding stablecoins), representing a 310% increase over the past twelve months.