NYSE-Listed Securitize Launches Blockchain-Based Stock Tokens on Solana and Avalanche Networks
In a historic first for a newly listed public company, Securitize has released tokenized shares on both Solana and Avalanche blockchain platforms coinciding with its stock market debut.
On Thursday, Securitize, a platform specializing in tokenization, experienced strong performance during its first day of trading on the New York Stock Exchange while simultaneously rolling out blockchain-based versions of its equity on two separate networks.
Trading under the stock symbol SECZ, the firm—which counts BlackRock and Morgan Stanley among its financial backers—commenced NYSE trading on Thursday following its public listing via a merger with a special-purpose acquisition company sponsored by Cantor Fitzgerald.
The company announced Thursday that it concurrently introduced tokenized representations of its equity shares on both the Solana and Avalanche blockchain networks, making them accessible to qualified US investors through its proprietary platform.
This development represents a groundbreaking moment as the first instance of a company going public while simultaneously making tokenized stock available, entering a segment of cryptocurrency technology that has rapidly captured the interest of major financial institutions attracted by its potential to provide enhanced liquidity and extended trading windows.
The company has established itself as a frontrunner in institutional tokenization services. In March, it formed a strategic partnership with the NYSE to develop tokenized assets for the exchange's forthcoming platform dedicated to tokenized securities.
Existing US regulations permit tokenized equity, according to Securitize
The company stated that the tokenization of its equity proves that tokenized securities "can be issued and accessed in the US under existing securities laws and market structure," noting that access will require compliance with onboarding procedures, eligibility requirements, and customer identification and anti-money-laundering verification processes.
We have long said that public equities are moving on-chain, and there is no stronger validation of that belief than tokenizing our own public stock on Day 1.
Carlos Domingo, Securitize co-founder and CEO
Carlos Domingo
During the middle of May, the SEC had allegedly prepared to unveil an exemption permitting the trading of tokenized equities, but postponed the initiative later in the same month following objections from stock exchange officials regarding implementation concerns.
Stock price climbs for Securitize on first trading day
The stock of Securitize (SECZ) reached an intraday peak of $13.70 during Thursday's session but pulled back moderately to close the trading day at $12.30, reflecting a 4.4% increase. The equity continued its upward trajectory in after-hours trading, advancing an additional 2.4% to reach $12.60.
The company secured $400 million through its public market debut, achieving a valuation exceeding $1 billion.
The tokenized real-world asset marketplace presently surpasses $43 billion in value, with the largest portion consisting of tokenized money market funds, while tokenized commodities represent approximately $7 billion and tokenized equities comprise $1.6 billion, based on data from Token Terminal.
Market analysts anticipate rapid expansion of the tokenization sector in upcoming years, with Citigroup forecasting last month that the market could expand to a range between $5.5 trillion and $8.2 trillion by 2030.