INSTITUTIONAL | Securitize Becomes the First Publicly-Traded Company to Tokenize Own Stock on First Day of Trading

Tokenization firm, Securitize, has placed approximately $295 million worth of its own newly listed shares on the Solana and Avalanche blockchains marking one of the largest issuer-backed tokenized equity launches as traditional financial firms push to bring securities on-chain. (CoinDesk)

The company began trading on the New York Stock Exchange under the ticker, SECZ, following its merger with a special purpose acquisition company sponsored by Cantor Fitzgerald. At the same time, Securitize launched on-chain versions of its common stock that represent the same shares listed on the NYSE and are available to eligible U.S. investors through its regulated platform.

Securitize said about $295 million of its stock had been tokenized at launch across the Solana and Avalanche networks, making it one of the largest issuer-sponsored tokenized equity offerings to date.

Unlike third-party wrapped stock tokens, the shares are issued directly by the company and are backed by the same underlying equity traded on the exchange.

The move underscores growing efforts by Wall Street firms to use blockchain technology for traditional securities with proponents arguing tokenized equities could enable faster settlement, continuous trading, and greater interoperability with digital asset markets. Securitize has been expanding its tokenization infrastructure through partnerships with the NYSE and transfer agents as financial institutions accelerate efforts to bring real-world assets on-chain.

Stay tuned to BitKE on tokenization developments globally. 

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