Tokenization platform Securitize Holdings is accelerating its path to a public listing through a merger with a Cantor Fitzgerald-backed SPAC, as the company reports a surge in revenue and lays out ambitious 2026 targets. In a public registration statement filed with the U.S. Securities and Exchange Commission, Securitize said nine months ended September 2025 revenue reached $55.6 million, an 841% jump from the same period in 2024. The company had $18.8 million in revenue for all of 2024, up 129% from 2023’s $8.2 million, underscoring the rapid growth of asset tokenization as traditional finance explores the sector under a crypto-friendly regulatory framework. The merger announcement in October with Cantor Equity Partners II would bring Securitize to the public markets, with the combined entity valued at approximately $1.24 billion on a pre-transaction basis and a $225 million private investment in public equity (PIPE) component to support the deal. Management signaled 2026 revenue arou...