Securitize Launches $295 Million Tokenized Stock on Solana and Avalanche with NYSE Debut

Securitize makes history with the largest issuer-sponsored tokenized stock at its NYSE debut.

Securitize (SECZ), a tokenization firm supported by major investors like BlackRock and ARK Invest, has successfully launched its shares on the New York Stock Exchange (NYSE) while simultaneously introducing tokenized versions on blockchain platforms Solana and Avalanche. This marks the first time a newly public company has tokenized its own stock on its debut day.

Investors can acquire these tokenized shares, which correspond directly to the common stock traded on the NYSE, through Securitize's regulated platform after fulfilling necessary identity verification and compliance with securities laws. The launch saw approximately $295 million in tokenized shares held by investors, according to blockchain data from RWA.xyz.

On its initial trading day following the merger with Cantor Equity Partners II, SECZ experienced a notable 10% increase in share price, reflecting a positive reception in the market. This move is part of a broader trend where financial institutions are increasingly adopting blockchain technology for traditional assets like stocks, bonds, and funds.

CEO Carlos Domingo emphasized the significance of this transition, stating, "We have long asserted that public equities are transitioning to the blockchain, and there is no better validation of that belief than the tokenization of our own public stock on day one." The company aims to set a precedent for issuer-sponsored tokenization, distinguishing itself from many existing tokenized stocks that are issued by third parties.

Securitize has been developing its tokenization infrastructure since 2017, working with various prominent clients and collaborating with the Intercontinental Exchange to create the necessary framework for tokenized equities. By launching its stock on the blockchain from day one, Securitize advocates for legitimate shares issued directly by companies, rather than through intermediaries.