TLDR
- Securitize (SECZ) debuted on the NYSE on Thursday after merging with a Cantor Fitzgerald-backed SPAC
- The company simultaneously tokenized its own shares on Solana and Avalanche, a first for a newly public company
- Investors held $295 million in tokenized SECZ shares on launch day
- Securitize raised $400 million from its public offering at a valuation of over $1 billion
- Citigroup projects the tokenization market could reach between $5.5 trillion and $8.2 trillion by 2030
Securitize made its New York Stock Exchange debut on Thursday, trading under the ticker SECZ. The company went public through a merger with a Cantor Fitzgerald-backed special-purpose acquisition company. It raised $400 million at a valuation of more than $1 billion.
The stock closed its first day up 4.4% at $12.30, after hitting a session high of $13.70. It continued to gain 2.4% in after-hours trading, closing at $12.60.
On the same day it began trading, Securitize tokenized its own shares on the Solana and Avalanche blockchains. This made it the first newly public company to tokenize its own stock on its debut day.
Investors held $295 million worth of tokenized SECZ shares on launch day, according to blockchain data from RWA.xyz. The company said these tokens represent the same common stock trading on the NYSE, not a separate class of securities.
What Makes This Tokenization Different
Many existing tokenized stock products are issued by third parties or offered outside the United States. Securitize says its product is issuer-sponsored, meaning the company itself controls the tokenization process.
Eligible U.S. investors can access the tokenized shares through Securitize’s platform after completing identity checks and meeting securities law requirements.
“SECZ is not a synthetic token or offshore wrapper,” said CEO Carlos Domingo. “It is issuer-sponsored tokenization of the same common stock trading on the NYSE.”
The U.S. Securities and Exchange Commission clarified in January that issuer-sponsored tokenized securities remain subject to U.S. securities laws. In May, the SEC was reportedly planning an exemption for tokenized stock trading, but delayed the move after concerns from stock exchange officials.
Securitize’s Role in the Tokenization Market
Securitize was founded in 2017 and has built tokenization infrastructure for major firms including BlackRock, Apollo, KKR, Hamilton Lane, and VanEck.
The company is backed by BlackRock and Morgan Stanley.
In March, Securitize partnered with NYSE parent company Intercontinental Exchange to develop infrastructure for tokenized equities. It also teamed up with transfer agents Computershare and Continental to help public companies issue shares on blockchain rails.
Where the Market Stands
The total market for tokenized real-world assets currently exceeds $43 billion. Tokenized money market funds make up the majority, while tokenized commodities account for nearly $7 billion and tokenized stocks account for $1.6 billion, according to Token Terminal.
Citigroup projected last month that the tokenization market could grow to between $5.5 trillion and $8.2 trillion by 2030. Boston Consulting Group and Ripple put that estimate even higher, at $18.9 trillion by 2033.
Securitize’s debut positions it as a key player in that expected growth, with its own stock now live on two major blockchains from day one.
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