Offshore law firm Walkers advised digital asset company Securitize on its business combination with Cayman Islands-incorporated special purpose acquisition company (SPAC) Cantor Equity Partners II Inc., a transaction that enabled Securitize Inc. to begin trading on the New York Stock Exchange on July 2.
The transaction raised approximately US$400 million and valued Securitize at US$1.25 billion before the financing, according to Walkers. The company said the listing makes Securitize the first publicly traded company focused exclusively on tokenization infrastructure on a major U.S. stock exchange.
On its first day of trading, Securitize launched issuer-sponsored tokenized versions of its NYSE-listed common stock on the Avalanche and Solana blockchain networks, the company said.
Walkers’ legal team was led by partner Christopher Brett Young, with support from partner Martin Davies and associates Clodagh Murray and Samantha Currie. Young described the transaction as a significant milestone for the tokenisation of real-world assets and said it highlights the firm’s work on offshore mergers and acquisitions involving digital assets and financial technology.
Davies said Securitize is developing infrastructure for tokenised financial products and noted that Walkers continues to advise clients on Cayman Islands tokenised fund structures as the sector evolves.
U.S. law firm Davis Polk & Wardwell LLP served as Securitize’s U.S. legal adviser on the transaction.
