Securitize hit the NYSE on Thursday under the ticker SECZ and did something no newly public company has done before — it tokenized its own shares on the same day.
The tokenized versions went live on Solana and Avalanche. Eligible US investors can access them through Securitize’s own platform. It’s not a gimmick. The company says these are the same common stock trading on the NYSE, just wrapped in a token. “Not a synthetic token or offshore wrapper,” CEO Carlos Domingo emphasized.
Backed by BlackRock and Morgan Stanley, Securitize merged with a Cantor Fitzgerald SPAC to get public. Shares opened at $13.70, settled at $12.30 by close — up 4.4%. The public offering raised $400 million at a valuation north of $1 billion.
This is the sort of thing Wall Street has been circling for years. The tokenized real-world asset market already sits at $43 billion. Most of that is money market funds, but tokenized stocks account for $1.6 billion. Citigroup thinks the whole tokenization space could hit $5.5 to $8.2 trillion by 2030.
Securitize has been laying groundwork. In March, they partnered with the NYSE to build tokenized securities for the exchange’s upcoming 24/7 platform. The SEC clarified in January that issuer-sponsored tokenized securities fall under existing US securities laws. That regulatory clarity matters.
“Public equities are moving on-chain,” Domingo said. Hard to argue after today.
