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Securitize gains on NYSE debut with tokenized stocks live on Solana, Avalanche
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- DeepHorus
Tokenization platform Securitize made its New York Stock Exchange debut on Thursday, simultaneously launching tokenized versions of its shares on the Solana and Avalanche blockchains. The company, backed by BlackRock and Morgan Stanley, began trading under the ticker SECZ after merging with a Cantor Fitzgerald-backed special-purpose acquisition company. This marks the first time a newly public company has offered tokenized stocks, signaling a major step for blockchain-based securities in regulated markets.
Securitize has carved out a leading role in the institutional tokenization space. In March, it partnered with the NYSE to create tokenized assets for the exchange's upcoming tokenized securities platform. The company's move to tokenize its own stock on day one of trading demonstrates its commitment to bringing public equities on-chain, leveraging existing US securities laws.
Securitize shares hit a high of $13.70 on Thursday before closing at $12.30, a gain of 4.4%. After-hours trading saw an additional 2.4% increase to $12.60. The company raised $400 million from its public offering at a valuation exceeding $1 billion. The tokenized versions of its shares are available to eligible US investors on Securitize's platform, subject to onboarding and identity checks.
The tokenization market for real-world assets currently exceeds $43 billion, with tokenized money market funds dominating, according to Token Terminal. Tokenized commodities account for nearly $7 billion, while tokenized stocks represent $1.6 billion. Analysts expect rapid growth, with Citigroup predicting the market could reach between $5.5 trillion and $8.2 trillion by 2030.
Securitize CEO Carlos Domingo emphasized that the tokenized stock is not a synthetic token but an issuer-sponsored tokenization of the same common stock trading on the NYSE. He stated, 'This is how tokenization should scale: with real ownership, regulatory clarity and the issuer at the center.' The US Securities and Exchange Commission clarified in January that issuer-sponsored tokenized securities remain subject to US securities laws.
The SEC was reportedly ready to announce an exemption for trading tokenized stocks in mid-May but delayed the plan after stock exchange officials raised implementation concerns. Despite regulatory uncertainties, Securitize's NYSE debut and tokenization of its own stock represent a significant validation of on-chain securities. The company's success could pave the way for more publicly traded companies to issue tokenized shares, potentially transforming market liquidity and trading hours.
