Securitize lists on NYSE, issues $266M tokenized shares

Securitize began trading on the New York Stock Exchange on Thursday under the ticker SECZ after completing a merger with a Cantor Fitzgerald-backed blank check firm. At the same time, the company issued $266 million of tokenized SECZ shares on the Solana and Avalanche blockchains.

Shares traded near $12.75 on their debut, up more than 8% for the day. The listing comes eight years after Securitize was founded.

The tokenized shares are issuer-sponsored representations of the same common stock listed on the NYSE. Securitize launched the tokens on the layer-1 networks Avalanche and Solana and made them available to eligible investors through its regulated tokenization platform.

Securitize described the $266 million issuance as the largest tokenized stock to date and said the tokens are tied to the NYSE-listed equity rather than being synthetic instruments or offshore wrappers.

Carlos Domingo, co-founder and chief executive, wrote on X that public equities are “moving on-chain” and framed the tokenized SECZ as an issuer-sponsored representation of the NYSE common stock made available through regulated infrastructure.

Brett Redfearn, Securitize’s president and a former Securities and Exchange Commission director of trading and markets, joined the company in April. In a recent interview he called tokenization a “Trojan Horse for consumers” and argued that on-chain ownership and decentralised finance could expand how investors use their assets, including options such as lending without traditional intermediaries.

As of June, Securitize reported more than $4 billion in assets under management. The firm says its regulated tokenization platform is designed to put real-world assets on blockchains while complying with securities rules and restricting access to eligible investors.

The simultaneous NYSE listing and issuance of tokenized shares reflects a practice in which public companies and intermediaries create blockchain-based versions of equity. Securitize combined a conventional exchange listing with issuer-sponsored tokens on public blockchains as part of its regulated infrastructure approach for future capital markets.