TLDR
- Securitize has been selected to tokenize the ordinary shares of Currenc Group Inc.
- The tokenized shares will be available for 24/7 trading and fractional ownership.
- This partnership could enable the integration of tokenized shares into decentralized finance protocols.
- Securitize is leading the U.S. tokenization market, helping create some of the largest on-chain real-world assets.
- Currenc Group is working on a proposed reverse merger with Animoca Brands.
Securitize has been selected to tokenize the ordinary shares of Currenc Group Inc., a Nasdaq-listed fintech firm. The partnership is set to enable 24/7 trading and fractional ownership of the company’s shares. This move could also open up opportunities for integration into decentralized finance (DeFi) protocols and algorithmic trading strategies.
Tokenized Shares to Offer New Trading Opportunities
Currenc Group Inc. will become the first firm to tokenize its shares through Securitize after the announcement. The tokenization of shares is expected to provide investors with enhanced access to liquidity and the ability to trade throughout the day, rather than just during market hours. The shares will also be available for fractional ownership, allowing a wider range of investors to participate in the market.
Securitize’s involvement in this process follows its role in supporting tokenized securities platforms for major institutions, including the New York Stock Exchange. “This is about more than putting shares on a blockchain,” said Carlos Domingo, CEO of Securitize. “We are working toward a market structure where public equities can move globally, trade more efficiently, and become more interoperable with the next generation of financial infrastructure.”
Securitize’s Leadership in Tokenization Market
As a pioneer in the tokenization space, Securitize has been instrumental in creating a significant portion of the U.S. tokenization market. The firm is behind the tokenization of some of the largest on-chain real-world assets (RWAs), including BlackRock’s BUIDL fund. Securitize also helped facilitate the on-chain issuance of Exodus Movement Inc.’s shares in 2024, marking an important milestone in the integration of blockchain technology into equity trading.
Securitize’s platform has been gaining traction due to its ability to tokenize securities that are fully compliant with regulatory frameworks. The company continues to push for the widespread adoption of tokenized shares and digital assets, working to establish a bridge between traditional financial markets and blockchain-based solutions.
Currenc’s Move to Merge with Animoca Brands
Currenc, a company focused on cross-border payments, AI-driven enterprise tools, and e-wallet infrastructure, is working on a proposed reverse merger with Animoca Brands. This move aims to further strengthen its position in the fintech and blockchain space. Securitize’s tokenization of Currenc’s shares could offer an innovative approach to capital markets, aligning with the company’s broader goals in the digital finance sector.
Securitize also has plans to go public through a SPAC deal sponsored by Cantor Fitzgerald. The firm’s anticipated Nasdaq listing under the ticker SECZ has already attracted attention from analysts, with Benchmark assigning a buy rating and a $16 price target.
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