Tokenization platform Securitize posted gains on its first day of trading on the New York Stock Exchange on Thursday, while simultaneously launching tokenized versions of its own shares on two public blockchains, marking a first for a newly listed company.
SPAC Merger Takes Securitize Public Under Ticker SECZ
Securitize, backed by BlackRock and Morgan Stanley, began trading under the ticker SECZ after completing a merger with a special-purpose acquisition company backed by Cantor Fitzgerald. The company had raised $400 million from its public offering at a valuation exceeding $1 billion ahead of the listing.
Shares hit an intraday high of $13.70 before pulling back to close at $12.30, a gain of 4.4% on the session. After-hours trading pushed the price a further 2.4% higher to $12.60.
Tokenized Stock Goes Live on Solana and Avalanche at Listing
At the same moment its shares began trading on the NYSE, Securitize launched issuer-sponsored tokenized versions of those shares on the Avalanche and Solana blockchains. The tokens will be available to eligible US investors through the company’s platform, subject to onboarding checks, eligibility requirements, and standard customer identification and anti-money-laundering procedures.
The company described the move as proof that tokenized securities ‘can be issued and accessed in the US under existing securities laws and market structure.’
Securitize co-founder and CEO Carlos Domingo said: ‘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.’
Domingo added: ‘SECZ is not a synthetic token or offshore wrapper. It is issuer-sponsored tokenization of the same common stock trading on the NYSE, made available through regulated infrastructure. This is how tokenization should scale: with real ownership, regulatory clarity and the issuer at the center.’
Regulatory Context and NYSE Partnership
The US Securities and Exchange Commission clarified in January that issuer-sponsored tokenized securities remain subject to existing US securities laws. In mid-May the SEC was reported to be preparing an exemption framework for tokenized stock trading, but postponed the plan later that month after stock exchange officials raised concerns about implementation.
Securitize had previously partnered with the NYSE in March to develop tokenized assets for the exchange’s upcoming tokenized securities platform.
A Growing Tokenized Asset Market
The broader market for tokenized real-world assets currently exceeds $43 billion according to Token Terminal, with tokenized money market funds making up the majority. Tokenized commodities account for nearly $7 billion, while tokenized stocks represent $1.6 billion of the total.
