Securitize Tokenizes $295 Million Of NYSE Stock As US Access Stays Limited
Securitize began trading on the New York Stock Exchange and issued tokenized versions of its own SECZ shares on Solana and Avalanche. The company said the tokens represent the same common stock, while access remains limited to eligible U.S. investors on its regulated platform.
Securitize Lists SECZ And Issues Tokenized Shares
Securitize began trading on the New York Stock Exchange on Thursday and made tokenized versions of its own SECZ common stock available on Solana and Avalanche.
The company said the blockchain-based shares represent the same common stock that trades on the NYSE, not a separate class of securities.
Securitize described the launch as an issuer-sponsored tokenization of its own shares through its regulated platform.
Blockchain data from RWA.xyz put investor holdings in the tokenized shares at about $295 million.
Securitize said eligible U.S. investors can buy the tokenized stock after completing identity verification and meeting securities-law requirements.
Issuer-Sponsored Model Challenges Wrapped Stock Products
Securitize claimed it was the first newly public company to tokenize its own stock on its first trading day.
Chief executive Carlos Domingo said in a statement that tokenizing the company's public stock on day one validated its view that public equities are moving onchain.
The structure is different from third-party tokenized stock products that wrap or reference public shares outside the issuer's own platform.
Securitize said SECZ tokens are tied to its own common stock and issued through its regulated system.
Domingo told CoinDesk that Securitize wanted to show companies can issue real shares onchain rather than copycat or synthetic stock products.
BlackRock-Backed Platform Sells Market Infrastructure
Securitize is backed by BlackRock and ARK Invest.
The company has built tokenization infrastructure for BlackRock, Apollo, KKR, Hamilton Lane and VanEck, including issuance, transfer agency and fund administration services for blockchain-based securities.
The company has also partnered with NYSE parent Intercontinental Exchange to develop infrastructure for tokenized equities.
It teamed up with Computershare and Continental, two large transfer agents, to help public companies issue shares in token form on blockchain rails.
The public record still lacks how many eligible U.S. investors bought SECZ tokens on launch day, the trading volume in the tokenized shares, custody terms for the tokens or whether other newly listed companies have committed to the issuer-sponsored model.
