STOCK TITAN

Securitize (NASDAQ: CEPT) cleared for onchain custody, underwriting role

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
425

Rhea-AI Filing Summary

Securitize received FINRA approval via a Continuing Membership Application that permits its broker-dealer affiliate, Securitize Markets, LLC, to custody tokenized securities and facilitate atomic settlement between tokenized securities and stablecoins onchain. The approval also permits underwriting and selling-group participation for initial and secondary tokenized offerings, subject to regulatory approvals.

The filing reiterates the proposed business combination with Cantor Equity Partners II, Inc. (Nasdaq: CEPT) to form Securitize Holdings, Inc. (expected ticker SECZ), which is expected to close in the first half of 2026 subject to regulatory approvals, CEPT shareholder approval, and customary closing conditions. Securitize reports $4B+ AUM as of April 2026.

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Insights

FINRA CMA approval expands regulated custody and settlement capabilities for tokenized securities.

The CMA approval explicitly authorizes Securitize Markets, LLC to custody tokenized securities inside a FINRA-member broker-dealer and to facilitate atomic swaps and onchain settlement with stablecoins. This places custody and settlement within a regulated broker-dealer framework rather than fragmented third-party arrangements.

Key dependencies include ongoing regulatory coordination and execution of operational controls; subsequent filings and regulatory clearances tied to market activity and the Proposed Business Combination remain important milestones.

Approval permits underwriting and selling-group roles for tokenized primary and secondary offerings.

The approval allows participation as underwriter and selling-group member for tokenized IPOs and secondary issues, potentially enabling issuance and distribution within Securitize’s onchain infrastructure. Practical use will depend on market adoption and integration with the ATS and transfer agent functions noted in the filing.

Watch for definitive SEC disclosures in the Registration Statement on Form S-4 and CEPT proxy materials for specifics on timing and structure.

AUM $4B+ as of April 2026
FINRA approval Continuing Membership Application authorizes custody and atomic settlement for tokenized securities
Business Combination timing first half of 2026 expected closing of Proposed Business Combination (subject to approvals)
Form filed S-4 Registration Statement filed in connection with Proposed Business Combination
Continuing Membership Application (CMA) regulatory
"granted through FINRA’s Continuing Membership Application (CMA) process"
atomic settlement technical
"facilitate atomic swaps and clear and settle transactions between tokenized securities"
Atomic settlement is a way of completing a trade so that every part of the transaction happens at the same instant or not at all, like a digital “all-or-nothing” swap. For investors this removes the risk that one side delivers assets while the other does not, speeding up final ownership and reducing the need for trust or costly intermediaries. That improves liquidity, lowers counterparty and operational risk, and makes trade outcomes more predictable.
Alternative Trading System (ATS) market
"operates an SEC-regulated Alternative Trading System (ATS)"
An alternative trading system (ATS) is a private electronic venue where buyers and sellers trade stocks and other securities outside traditional public exchanges, like a neighborhood marketplace that runs beside a big city market. For investors, ATSs can offer faster execution, lower costs, or access to large block trades, but they may trade with different transparency and rules than public exchanges, so order routing and price discovery can be affected.
tokenized securities financial
"custody tokenized securities in a regular broker-dealer"
A digital representation of a traditional financial asset—such as a share, bond or fund—recorded on a blockchain or similar electronic ledger so ownership and transfers are tracked automatically. It matters to investors because tokenized securities can make buying, selling and dividing assets faster, cheaper and available around the clock, potentially increasing liquidity and allowing investors to buy smaller slices of expensive assets, while also introducing platform, custody and regulatory considerations.

 

Filed by Securitize Holdings, Inc.

pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

 

Subject Company: Cantor Equity Partners II, Inc.

Commission File No. 001-42630

 

Subject Company: Securitize, Inc.

Commission File No. 333-293022-01

 

Date: May 5, 2026

 

As previously disclosed, on October 27, 2025, Cantor Equity Partners II, Inc. (“CEPT”), a Cayman Islands exempted company, and Securitize, Inc., a Delaware corporation (“Securitize”), entered into a Business Combination Agreement (the “Business Combination Agreement”), with Securitize Holdings, Inc., a Delaware corporation (“Pubco”), Pinecrest Merger Sub, a Cayman Islands exempted company (“CEPT Merger Sub”) and Senna Merger Sub, Inc., a Delaware corporation (“Securitize Merger Sub”).

 

On May 4, 2026, Securitize published the following press release on PRNewswire and Securitize.io:

 

Securitize Receives Approval to Enable Custody and Atomic Settlement for Tokenized Securities

 

Becomes the First to Offer Full Stack Onchain IPO Infrastructure

 

Miami, FL – Securitize (which has announced a proposed business combination with Cantor Equity Partners II, Inc. (Nasdaq: CEPT)), the leading platform for tokenizing real-world assets, today announced it received approvals from FINRA that enable a significant expansion of its broker-dealer activities through its subsidiary, Securitize Markets, LLC, a member of FINRA. 

 

The expanded approval was just granted through FINRA’s Continuing Membership Application (CMA) process, which is required for broker-dealers to introduce new business lines or material capabilities. Through this process, Securitize Markets is now the first company to be approved to custody tokenized securities in a regular broker-dealer, enabling it to facilitate atomic swaps and clear and settle transactions between tokenized securities and stablecoins onchain.  The approval also permits Securitize Markets to be an underwriter and selling group participant for both initial and secondary tokenized securities offerings.  

 

This milestone represents a major advancement for regulated digital asset markets, unlocking real-time, onchain settlement within a fully regulated broker-dealer framework and enhances Securitize’s trading and distribution capabilities for tokenized securities. 

 

Historically, these transactions required a multi-step, operationally complex process across separate accounts and intermediaries. By bringing custody and execution into the broker-dealer, Securitize can now enable these exchanges to occur in a single, seamless transaction, significantly reducing friction and settlement risk.

 

“Bringing custody of tokenized securities into the broker-dealer is a foundational unlock,” said Carlos Domingo, Co-Founder and CEO of Securitize. “It allows us to facilitate atomic settlement transactions between securities and cash equivalents within our broker-dealer ATS, eliminating the need for fragmented processes and enabling markets to operate with the speed and efficiency of blockchain infrastructure within a regulated environment.” 

 

Brett Redfearn, President of Securitize, added “The underwriting and selling group approvals greatly enhance our capabilities to assist tokenizing securities during the IPO process.  The case for new and existing publicly traded companies to tokenize stock continues to get more compelling. We’re excited about what comes next.”

 

To learn more about how Securitize is enabling the next generation of onchain capital markets, and the expanded opportunity for companies to issue equity onchain visit: https://securitize.io/investments/stocks 

 

Media Inquiries

 

Securitize PR

press@securitize.io

 

Securitize IR

investor.relations@securitize.io

 

About Securitize

 

Securitize, the world’s leader in tokenizing real-world assets with $4B+ AUM (as of April 2026), is bringing the world onchain through tokenized funds in partnership with top-tier asset managers, such as Apollo, BlackRock, BNY, Hamilton Lane, KKR, VanEck and others.

 

In the U.S., Securitize operates through its affiliates, including Securitize Markets, LLC, an SEC-registered broker-dealer that operates an SEC-regulated Alternative Trading System (ATS); Securitize Transfer Agent, LLC, an SEC-registered transfer agent; Securitize Capital, LLC, an Exempt Reporting Adviser; and Securitize Fund Services, LLC, which provides fund administration services. In Europe, Securitize operates through its affiliate Securitize Europe Brokerage and Markets, S.A., which is fully authorized as an Investment Firm and operates a Trading & Settlement System (TSS) under the EU DLT Pilot Regime, making Securitize the only company licensed to operate regulated digital-securities infrastructure across both the U.S. and EU. Securitize has also been recognized as a 2026 Forbes Top 50 Fintech company. 

 

For more information, please visit:

 

Website | X/Twitter | LinkedIn

 

Background Information on Securitize’s Business Combination

 

On October 28, 2025, Securitize, Inc. (“Securitize”) and Cantor Equity Partners II, Inc. (Nasdaq: CEPT) (“CEPT”), a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald, announced that they entered into a definitive business combination agreement for a proposed business combination (the “Proposed Business Combination”). Upon closing of the Proposed Business Combination, the combined company, Securitize Holdings, Inc. (“Pubco”), is expected to become publicly listed on NYSE or Nasdaq under the ticker symbol “SECZ”.

 

The Proposed Business Combination is expected to be completed in the first half of 2026, subject to regulatory approvals, approval by CEPT’s shareholders, and other customary closing conditions. Additional information about the Proposed Business Combination, including a copy of the business combination agreement, is available in the Current Report on Form 8-K filed by CEPT, and in the registration statement on Form S-4 filed by Securitize and Pubco with the U.S. Securities and Exchange Commission (the “SEC”) and available at www.sec.gov.

 

 

 

Forward-Looking Statements

 

This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including statements regarding the proposed business combination involving Securitize, CEPT and Pubco, the anticipated listing of Pubco on NYSE or Nasdaq under the ticker symbol “SECZ,” the expected timing and completion of the Proposed Business Combination, the anticipated benefits of the Proposed Business Combination, Securitize’s growth strategy and expansion plans, market opportunity in tokenization and digital assets, regulatory developments, and future financial performance.

 

Forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties.

 

Many factors could cause actual results to differ materially from those described in these forward-looking statements, including, but not limited to: the risk that the Proposed Business Combination may not be completed in a timely manner or at all; the failure to satisfy closing conditions, including CEPT shareholder approval; the level of redemptions by CEPT’s public shareholders; the ability of Pubco to meet the requisite NYSE or Nasdaq listing standards; regulatory developments relating to digital assets and tokenization; market volatility; competition; and those risks factors described in the filings of Securitize, CEPT and/or Pubco with the SEC.

 

Forward-looking statements speak only as of the date they are made. None of Securitize, CEPT or Pubco undertakes any obligation to update or revise any forward-looking statements, except as required by law.

 

Important Information and Where to Find It

 

In connection with the Proposed Business Combination, Securitize and Pubco have filed a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which includes a preliminary prospectus with respect to the securities to be issued in connection with the Proposed Business Combination and a preliminary proxy statement with respect to the shareholder meeting of CEPT to vote on the Proposed Business Combination. After the Registration Statement has been declared effective, CEPT will mail a definitive proxy statement to its shareholders as of the record date established for voting on the Proposed Business Combination. CEPT shareholders and other interested persons are urged to read the Registration Statement, including the preliminary proxy statement/prospectus contained therein and any amendments thereto, and, when available, the definitive proxy statement/prospectus, along with other documents filed with the SEC by Securitize, CEPT and/or Pubco, because these documents contain important information about Securitize, CEPT, Pubco and the Proposed Business Combination. Copies of these documents may be obtained free of charge at the SEC’s website at www.sec.gov.

 

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THIS DOCUMENT, PASSED UPON THE MERITS OR FAIRNESS OF THE PROPOSED BUSINESS COMBINATION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

 

Participants in the Solicitation

 

Securitize, CEPT, Pubco and their respective directors, executive officers and certain other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CEPT’s shareholders in connection with the Proposed Business Combination. Information regarding the names and interests of such persons is, or will be, contained in the filings of Securitize, CEPT and/or Pubco with the SEC, including the Registration Statement and the proxy statement/prospectus.

 

No Offer or Solicitation

 

This press release is for informational purposes only and does not constitute a proxy statement or the solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Business Combination, nor shall it constitute an offer to sell or a solicitation of an offer to buy any securities. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

 

***

 

 

 

About Securitize

 

Securitize is tokenizing the world with $4B+ AUM (as of Nov. 2025) through tokenized funds and equities in partnership with top-tier asset managers, such as Apollo, BlackRock, Hamilton Lane, KKR, VanEck and others. Securitize, through its subsidiaries, is a SEC-registered broker dealer, digital transfer agent, fund administrator and operator of a SEC-regulated Alternative Trading System (ATS). Securitize has also been recognized as a 2025 Forbes Top 50 Fintech company.

 

For more information, please visit:

 

Website | X/Twitter | LinkedIn

 

About Cantor Equity Partners II

 

Cantor Equity Partners II, Inc. (Nasdaq: CEPT) is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. CEPT is led by Chairman and Chief Executive Officer Brandon Lutnick and sponsored by an affiliate of Cantor Fitzgerald.

 

About Cantor Fitzgerald, L.P.

 

Cantor Fitzgerald, with more than 14,000 employees, is a leading global financial services and real estate services holding company and a proven and resilient leader for more than 79 years. Its diverse group of global companies provides a wide range of products and services, including investment banking, asset and investment management, capital markets, prime services, research, digital assets, data, financial and commodities brokerage, trade execution, clearing, settlement, advisory, financial technology, custodial, commercial real estate advisory and servicing, and more.

 

Background Information on Securitize’s Business Combination

 

On October 28, 2025, Securitize, Inc. (“Securitize”) and Cantor Equity Partners II, Inc. (Nasdaq: CEPT) (“CEPT”), a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald, announced that they entered into a definitive business combination agreement for a proposed business combination (the “Proposed Business Combination”). Upon closing of the Proposed Business Combination, the combined company, Securitize Holdings, Inc. (“Pubco”), is expected to become publicly listed on NYSE or Nasdaq under the ticker symbol “SECZ”.

 

The Proposed Business Combination is expected to be completed in the first half of 2026, subject to regulatory approvals, approval by CEPT’s shareholders, and other customary closing conditions. Additional information about the Proposed Business Combination, including a copy of the business combination agreement, is available in the Current Report on Form 8-K filed by CEPT, and in the registration statement on Form S-4 filed by Securitize and Pubco with the U.S. Securities and Exchange Commission (the “SEC”) and available at www.sec.gov.

 

 

 

Forward-Looking Statements

 

This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including statements regarding the proposed business combination involving Securitize, CEPT and Pubco, the anticipated listing of Pubco on NYSE or Nasdaq under the ticker symbol “SECZ,” the expected timing and completion of the Proposed Business Combination, the anticipated benefits of the Proposed Business Combination, Securitize’s growth strategy and expansion plans, market opportunity in tokenization and digital assets, regulatory developments, and future financial performance.

 

Forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties.

 

Many factors could cause actual results to differ materially from those described in these forward-looking statements, including, but not limited to: the risk that the Proposed Business Combination may not be completed in a timely manner or at all; the failure to satisfy closing conditions, including CEPT shareholder approval; the level of redemptions by CEPT’s public shareholders; the ability of Pubco to meet the requisite NYSE or Nasdaq listing standards; regulatory developments relating to digital assets and tokenization; market volatility; competition; and those risks factors described in the filings of Securitize, CEPT and/or Pubco with the SEC.

 

Forward-looking statements speak only as of the date they are made. None of Securitize, CEPT or Pubco undertakes any obligation to update or revise any forward-looking statements, except as required by law.

 

Important Information and Where to Find It

 

In connection with the Proposed Business Combination, Securitize and Pubco have filed a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which includes a preliminary prospectus with respect to the securities to be issued in connection with the Proposed Business Combination and a preliminary proxy statement with respect to the shareholder meeting of CEPT to vote on the Proposed Business Combination. After the Registration Statement has been declared effective, CEPT will mail a definitive proxy statement to its shareholders as of the record date established for voting on the Proposed Business Combination. CEPT shareholders and other interested persons are urged to read the Registration Statement, including the preliminary proxy statement/prospectus contained therein and any amendments thereto, and, when available, the definitive proxy statement/prospectus, along with other documents filed with the SEC by Securitize, CEPT and/or Pubco, because these documents contain important information about Securitize, CEPT, Pubco and the Proposed Business Combination. Copies of these documents may be obtained free of charge at the SEC’s website at www.sec.gov.

 

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THIS DOCUMENT, PASSED UPON THE MERITS OR FAIRNESS OF THE PROPOSED BUSINESS COMBINATION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

 

Participants in the Solicitation

 

Securitize, CEPT, Pubco and their respective directors, executive officers and certain other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CEPT’s shareholders in connection with the Proposed Business Combination. Information regarding the names and interests of such persons is, or will be, contained in the filings of Securitize, CEPT and/or Pubco with the SEC, including the Registration Statement and the proxy statement/prospectus.

 

No Offer or Solicitation

 

This communication is for informational purposes only and does not constitute a proxy statement or the solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Business Combination, nor shall it constitute an offer to sell or a solicitation of an offer to buy any securities. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

 

Investor Relations
investor.relations@securitize.io

 

Media Contacts

 

Tom Murphy
tom.murphy@securitize.io

 

Cantor Fitzgerald
media@cantor.com

 

 

 

 

FAQ

What did Securitize receive approval to do and why does it matter to CEPT shareholders?

Securitize received FINRA CMA approval to custody tokenized securities and enable atomic onchain settlement. This approval supports Securitize’s regulated market infrastructure and is reiterated alongside the CEPT business combination expected to list as SECZ.

Does the filing state when the Securitize–CEPT business combination will close?

The filing states the Proposed Business Combination is expected to close in the first half of 2026, subject to regulatory approvals, CEPT shareholder approval, and customary closing conditions.

How large is Securitize’s business as described in the filing?

Securitize reports $4B+ AUM as of April 2026, cited as assets under management tied to its tokenization activities and partnerships with institutional asset managers.

Will Securitize be able to underwrite tokenized IPOs after this approval?

Yes. The filing states FINRA’s approval permits Securitize Markets to act as an underwriter and selling-group participant for initial and secondary tokenized securities offerings.

Where can I find more details about the Proposed Business Combination with CEPT?

Additional information is available in the Registration Statement on Form S-4 and CEPT’s Current Report on Form 8-K, accessible free at www.sec.gov, as noted in the filing.