Securitize Corp. · NYSE:SECZ
Securitize — SPAC Merger (October 2025)
44 slides from Securitize's SPAC merger presentation, Oct 28, 2025
Slide 1: Reinventing capital markets
Reinventing capital markets Securitize ® is the leading company making real world assets available to investors through tokenization. October 2025 © 2025 Securitize. Confidential Information 1 © 2025 Securitize. Confidential Information
Slide 2: Our Management Team
Our Management Team 25+ years of experience in innovation and digital transformation. Former CEO of Telefonica R&D and CEO of New Business and Innovation at Telefonica Digital . CEO, board member and investor of multiple startups, PhD in Computer Science. Carlos Domingo Co - founder & CEO Joe Nikols
Slide 3: Investment Highlights
© 2025 Securitize. Confidential Information 3 © 2025 Securitize. Confidential Information Investment Highlights A highly trusted tokenization platform with blue - chip institutional partnerships including BlackRock, Apollo, Hamilton Lane, and Van Eck Positioned to capture a massive TAM of $19T (1) f
Slide 4: Tokenization transforms the traditional value chain
© 2025 Securitize. Confidential Information 4 Tokenization transforms the traditional value chain by digitizing real world assets (RWAs) on blockchains, streamlining issuance and trading while unlocking greater efficiency, transparency and accessibility Securitize is well positioned at the crossroad
Slide 5: Securitize at a Glance
© 2025 Securitize. Confidential Information 5 Securitize at a Glance $0.2 $0.2 $0.3 $0.3 $0.6 $0.9 $1.0 $1.3 $2.9 $3.9 $4.6 Securitize Assets Tokenized Q1 Q2 Q3 Q4 Q1 Q2 Q3 2025 350 % Q1 Q4 Q2 (in bn) Partnerships with a growing number of leading institutions and applications Highly trusted tokeniza
Slide 6: Inefficient Traditional Capital Markets are Ripe for an Upgrade
© 2025 Securitize. Confidential Information 6 Operational Inefficiencies Lack of Transparency Economic Tolls Multiple Intermediaries Limited Accessibility (1) The Problem: The Financial Services System is Built on and Relies on Antiquated Technology Inefficient Traditional Capital Markets are Ripe f
Slide 7: Tokenization is the Next Evolution in Capital Markets
Tokenization is the Next Evolution in Capital Markets 1960 2025 Paper Based Stock Market Computers & Electronic Trading Digital Assets Trading Launches in 1971 DTC is born in 1973 Launches in 1994 1998 Alternative trading systems launched as non - exchange trading venues 2012 Jobs Act Launches in 19
Slide 8: Significant Momentum for Securitize Since 2024
Significant Momentum for Securitize Since 2024 Driving liquidity and functionality through deep integrations across the digital asset and TradFi ecosystems. • June 2024: CEO Carlos Domingo spoke on Tokenization at Congressional hearing with Representative French Hill • January 2025: Paul Atkins, for
Slide 9: Market opportunity / Who we are / Growth strategy / Financials
1 Market opportunity © 2025 Securitize. Confidential Information 9 © 2025 Securitize. Confidential Information Who we are Growth strategy 2 3 4 Financials
Slide 10: Traditional Value Chain vs. Tokenized Value Chain
© 2025 Securitize. Confidential Information 10 Settlement Traditional Value Chain vs. Tokenized Value Chain Tokenize d Origination Distribution Trading Clearing Costly and restrictive process handled by investment banks (1) Primary market access only to authorized investors (1) Limited access / liqu
Slide 11: Blockchain Based Tokenized Securities Provide a Better Way to Access and Manage Capital
© 2025 Securitize. Confidential Information 11 Blockchain Based Tokenized Securities Provide a Better Way to Access and Manage Capital Tokenized securities using smart contracts can provide a seamless & automated way to raise capital, manage investors, and improve liquidity. Accessibility Digitizati
Slide 12: Global Financial Markets are Ripe for Tokenization
© 2025 Securitize. Confidential Information 12 Global Financial Markets are Ripe for Tokenization • Brings global finance onchain and enables digital representations of traditional investments • Embedded smart contracts with automated workflows to reduce costs, settlement risks and operational error
Slide 13: RWA Tokenization Has Seen Explosive Growth
© 2025 Securitize. Confidential Information 13 0 50 100 150 200 250 2022 2023 2024 2025 RWA’s Tokenization Has Seen Explosive Growth in Recent Years… RWA’s Tokenization Market Cap has Outpaced That of Overall Crypto and Stablecoins… Rise of stablecoins and increased merchant acceptance allowing for
Slide 14: An Emerging Industry with Massive Growth Ahead
© 2025 Securitize. Confidential Information 14 …It’s an Emerging Industry with Massive Growth Ahead Analyst Predictions $30T $19T $5T $2T 2034 (1) 2033 (2) 2030 (3) 2030 (4) (1) Standard Chartered, (June 2024) (2) BCG and Ripple, (June 2025) (3) Citi, (March 2023) (4) McKinsey, (June 2024) (2)
Slide 15: Leaders in the Space are Taking Note
Leaders in the Space are Taking Note “I believe tokenization is the greatest capital markets innovation since the central limit order book.” Vlad Tenev, CEO OF ROBINHOOD “The next generation for markets, the next generation for securities, will be tokenization of securities.” Larry Fink, CEO OF BLAC
Slide 16: Market opportunity / Who we are / Growth strategy / Financials
1 Market opportunity Who we are © 2025 Securitize. Confidential Information 16 © 2025 Securitize. Confidential Information Growth strategy 2 3 4 Financials
Slide 17: The Securitize Platform Powers the End-to-End Relationship Between Issuers and Investors
The Securitize Platform Powers the End - to - End Relationship Between Issuers and Investors Securitize offers a comprehensive and fully - regulated stack, including an SEC - registered transfer agent (permits the issuance and management of tokenized securities), an SEC - registered broker - dealer
Slide 18: Only Vertically Integrated Tokenization Platform
Securitize is the Only Vertically Integrated Tokenization Platform that’s End - to - End Pioneered operations as an SEC - registered Transfer Agent operating with digital asset securities and leading crypto fund administration SEC - regulated and FINRA member Broker Dealer and Alternative Trading Sy
Slide 19: Expanding its Global Regulatory Coverage
Securitize is Expanding its Global Regulatory Coverage Taking Advantage of a More Favorable Regulatory Environment Las Vegas Miami New York United States Current • Operating licensed TA/BD/ATS (all live and operational) Roadmap • Expanding the BD license into custody and dealer activity Buenos Aires
Slide 20: Widely Integrated with the Digital Asset Ecosystem
Securitize is Widely Integrated with the Digital Asset Ecosystem Natively integrated with leading and public blockchains, enabling seamless token issuance, transfer and settlement across networks Connected with top tier custodians and oracle providers to ensure institutional - grade asset safeguardi
Slide 21: Building Blocks of Securitize's Business Model
© 2025 Securitize. Confidential Information 21 Building Blocks of Securitize’s Business Model Product & Technology Track Record & Reputation Institutional Grade with Tier - 1 Asset Manager Clients Broker Dealer Alternative Trading System Transfer Agent Investment Firm European Union DLT Trading and
Slide 22: BlackRock Partnership and BUIDL's Explosive Growth
BlackRock Partnership and BUIDL’s Explosive Growth BUIDL is a tokenized treasury private fund with the fund’s assets fully allocated to cash, U.S. Treasury bills, and repurchase agreements, aiming to maintain a stable token NAV at $1. March 2024 BUIDL unveiled: The BlackRock USD Institutional Digita
Slide 23: Competitive Landscape Overview
Competitive Landscape Overview Asset Managers with Inhouse Tokenization Capability These asset managers are not Securitize’s direct competitors, since they are not neutral service providers. They compete with Securitize’s clients. Issuers of Freely Transferable Tokens These firms issue wrapper produ
Slide 24: Competitive comparison
Compliance - heavy built on legacy systems erates under Lack of full U.S. / EU licensing works Regulatory Framework Fully regulated, op & Geographic Reach U.S. and EU frame Lack of blockchain interoperability / capabilities ct suite with rm, transfer Fragmented offerings , ATS and End - to - end pro
Slide 25: Our Board of Directors
Our Board of Directors Carlos Domingo Chairman Jon Steel Managing Director at BlackRock W Bradford Stephens Managing Partner & Co - Founder at Blockchain Capital Chris Bruner Chief Product Officer at Tradeweb Tal Elyashiv Managing Partner & Co - Founder at SPiCE VC Pedro Teixeira Managing Director &
Slide 26: Market opportunity / Who we are / Growth strategy / Financials
1 Market opportunity Who we are Growth strategy © 2025 Securitize. Confidential Information 26 © 2023 Securitize. Confidential Information 2 3 4 Financials
Slide 27: Our Strategy Focuses on Efficient Growth within the Crypto Ecosystem
© 2025 Securitize. Confidential Information 27 Our Strategy Focuses on Efficient Growth within the Crypto Ecosystem while Preparing for Expansion in TradFi Markets Short - term focus: penetrate the $4T (1) crypto market Medium growth: expand into the over $400T (2) TradFi market Grow AUM: • Continue
Slide 28: Expansion into retail products and tokenized funds
© 2025 Securitize. Confidential Information 28 • Expansion into retail products with a specific focus on issuer - led, native tokenization of public equities via integration with retail platforms for indirect distribution and collaboration with existing transfer agents as their tokenization partner
Slide 29: Tokenization of Public Securities – Stocks, ETFs, etc.
Tokenization of Public Securities – Stocks, ETFs, etc. One of the next frontiers of tokenization are public securities such as stocks and ETFs. • Successfully tokenized Exodus stock • Serves as the neutral asset layer for the broader crypto ecosystem • No competition with exchanges and brokers, give
Slide 30: Current Pipeline of Products
Current Pipeline of Products The following is a list of products that are in the advanced stage of development and contracting and that will be released and announced in the coming months. Tokenized CLO product with a large US bank, their first foray into the tokenization space in public blockchains
Slide 31: Market opportunity / Who we are / Growth strategy / Financials
1 Market opportunity Who we are Growth strategy 2 3 4 Financials © 2025 Securitize. Confidential Information 31 © 2025 Securitize. Confidential Information
Slide 32: The Securitize Revenue Model
The Securitize Revenue Model Tokenization Asset Servicing Onchain Infrastructure Integration with blockchain protocols to optimize fund processes such as recording ownership and transactions data, or performing compliance checks Tokenization & Distribution Trading of RWAs as tokenized securities, wh
Slide 33: Increased Momentum in Quarterly Revenue and Positive EBITDA
© 2025 Securitize. Confidential Information 33 Increased Momentum in Quarterly Revenue, Resulting in 10x Topline Growth and Positive EBITDA (1) • BlackRock’s USD Institutional Digital Liquidity Fund Token (“BUIDL”) was released in Q2 2024, growing to $3bn by Q2 2025 • Apollo’s Diversified Credit Sec
Slide 34: Forecasting Continued Growth With Operating Leverage
© 2025 Securitize. Confidential Information 34 Forecasting Continued Growth With Operating Leverage (1) ($ in bn) Average Securitize AUM of Tokenized Assets Revenue EBITDA $19 2024A 2025E ($16) $17 2024A 2025E $1 $4 $9 2024A 2025E 283% ’24A – ’26E CAGR 2026E (1) ($ in mm) 59% $110 260% $69 % YoY Gro
Slide 35: Strong Visibility into Q4 2025 with Tailwinds Driving Revenue Growth in 2026
© 2025 Securitize. Confidential Information 35 Strong Visibility into Q4 2025 with Tailwinds Driving Revenue Growth in 2026 (1) 260% 59% ($ in mm) % YoY Growth Key Assumptions (2026E) Market Assumptions Securitize Assumptions (2) ~$450B Stablecoin Market (vs. ~$300B in FYE2025) (3) ~$77B Tokenized S
Slide 36: Material Growth Opportunities in 2026 Above the Base Case
© 2025 Securitize. Confidential Information 36 Material Growth Opportunities in 2026 Above the Base Case (1) 104% ($ in mm) % YoY Growth Growth Opportunities Key Assumptions (2026E) Market Assumptions Securitize Assumptions (2) ~$450B Stablecoin Market (vs. ~$300B in FYE2025) (3) ~$77B / ~$135B Toke
Slide 37: Securitize's Revenue Opportunity: Tokenization
© 2025 Securitize. Confidential Information 37 $10T+ ~$4T (2) Securitize’s Revenue Opportunity: Tokenization Q2 2025 Key Highlights 2025 Securitize: $4.6B AUM (4) Crypto RWAs Crypto Potential Long - Term Securitize $200B+ Potential $200B+ AUM Leader in Market Share Stablecoin Stablecoin ~$300B (3) $
Slide 38: Securitize's Revenue Opportunity: Asset Servicing
© 2025 Securitize. Confidential Information 38 $10T+ $800B+ $400B+ ~$4T (3) Securitize’s Revenue Opportunity: Asset Servicing Q2 2025 Key Highlights 2025 Securitize: $30B AUA (5) Crypto Crypto Funds Stablecoin Crypto $100B Long - Term AUA Potential $100B+ AUA (5) ~185 Asset Managers (1) 659 Funds (1
Slide 39: Transaction Overview
39 Transaction Overview Transaction Highlights Sources & Uses • Valuation: pre - money equity value of $1.25 billion • Strong Alignment of Interest – CEPT founder shares subject to potential forfeiture in proportion to redemption levels and earnout (1) – Seller earnout (6.25m shares) at $15.00 / $20
Slide 40: Annex A – Disclaimers and Other Important Information
© 2025 Securitize. Confidential Information 40 Annex A – Disclaimers and Other Important Information This presentation (this “Presentation”) is being furnished solely to recipients that are “qualified institutional buyers” as defined in Rule 144 A of the Securities Act of 1933 , as amended (the “Sec
Slide 41: Annex A – Disclaimers and Other Important Information (Cont'd)
© 2025 Securitize. Confidential Information 41 Annex A – Disclaimers and Other Important Information (Cont’d) Projections and Other Forward - Looking Statements This presentation (and any oral statements regarding the subject matter of this presentation) contains certain forward - looking statements
Slide 42: Risk Factors
Risk Factors 42 © 2025 Securitize. Confidential Information Risk Factors Certain factors may have a material adverse effect on the business, financial condition and results of operations of Cantor Equity Partners II, Inc . (“CEPT”), Securitize or any combined company created pursuant to the Transact
Slide 43: Risk Factors (Cont'd)
Risk Factors (Cont’d) 43 © 2025 Securitize. Confidential Information Risks Related to Securitize ● Tokenized securities are relatively novel assets, and our business of tokenizing securities will expose us to significant legal, commercial, regulatory and technical uncertainty, which could adversely
Slide 44: WWW.SECURITIZE.IO
© 2025 Securitize. Confidential Information WWW.SECURITIZE.IO