BlackRock-backed tokenization firm Securitize surged over 8% on its first day of trading on the New York Stock Exchange, with shares rising as high as $12.75 under the ticker symbol SECZ. The company completed its public offering by merging with a special purpose acquisition company (SPAC) supported by Cantor Fitzgerald.
Securitize shares listed both on exchange and blockchain
On Thursday, Securitize shares began trading on the NYSE while a tokenized version of SECZ also launched on the blockchain the same day. According to Securitize, $266 million worth of tokenized shares have now been issued across the Solana and Avalanche networks, which the company says makes SECZ the world’s largest tokenized equity.
Mini glossary: Tokenization refers to representing traditional assets such as stocks, bonds, or fund shares as digital tokens on a blockchain. Avalanche and Solana are layer-1 blockchain networks designed for applications and digital asset transactions.
Our focus hasn’t changed: We are building compliant infrastructure for the next generation of capital markets.
Founded in 2017, Securitize is known for spearheading the digitalization of real-world assets. The company noted that eligible investors can access tokenized SECZ shares via its regulated platform.
| Title | Details |
|---|---|
| Ticker | SECZ |
| First day price | $12.75 |
| Day one performance | Over 8% increase |
| Tokenized stock value | $266 million |
| Supported networks | Solana and Avalanche |
Leadership sees tokenization as a model for capital markets
Co-founder and CEO Carlos Domingo described the blockchain launch of the company’s own publicly traded shares as a strong validation of Securitize’s long-standing vision. He emphasized that this step not only marks a milestone for the company, but also demonstrates a model for other public firms seeking to make shareholder experiences more efficient and transparent through tokenization.
Carlos Domingo highlighted that moving SECZ onto the blockchain stands as a reference point for public companies looking to use tokenization to create a more efficient, transparent, and functional ownership experience for shareholders.
Emphasis on DeFi and reduced intermediaries
President Brett Redfearn, who joined Securitize in April after serving as Director of Trading and Markets at the US Securities and Exchange Commission, stressed that tokenization should not be viewed as an opportunity solely for Wall Street institutions. Redfearn believes that bringing real-world assets onto the blockchain can deliver direct benefits to individual investors as well.
According to Redfearn, enhancing investor control over assets while reducing intermediary influence opens the door to new use cases, particularly in decentralized lending. He suggested that tokenized ownership structures could transform conventional securities lending models, with disintermediation offering compelling new opportunities in the sector.
Assets under management surpass $4 billion
As of June, Securitize reported managing over $4 billion in assets. Its unique dual structure—trading shares simultaneously on both traditional exchanges and blockchain networks—is emerging as a new institutional benchmark for tokenization in the capital markets arena.
