The SEC has finally approved it. If Securitize's backdoor listing succeeds, it will set another benchmark case in the RWA (Real-World Asset) track.

CryptoWorld News reports that the merger registration statement for Cantor Equity Partners II, a SPAC company affiliated with Cantor Fitzgerald and related to Securitize, has been declared effective by the U.S. SEC. Shareholders of both sides will vote on the merger proposal on June 29. If approved, the post-merger company is expected to be listed on the New York Stock Exchange under the ticker SECZ. Securitize is a provider of tokenized asset infrastructure, supporting institutions such as BlackRock, Apollo, KKR, Hamilton Lane, VanEck, and provides underlying technology support for BlackRock BUIDL, a tokenized money market fund.