Securitize began trading on the New York Stock Exchange on Thursday under ticker SECZ and simultaneously launched tokenized versions of its stock on Solana and Avalanche, available to eligible US investors through its platform. The company, which is backed by BlackRock and Morgan Stanley, went public via a Cantor Fitzgerald-backed SPAC and raised $400 million at a valuation above $1 billion. According to Securitize, this is the first time a newly public company has issued tokenized shares on its debut. Shares closed at $12.30, up 4.4% on the day, then climbed another 2.4% after-hours to $12.60.
This matters because it demonstrates that issuer-sponsored tokenized securities can be issued and accessed in the US under existing securities laws and market structure, per Securitize CEO Carlos Domingo. The tokenized shares are not synthetic or offshore wrappers — they represent the same common stock trading on the NYSE, made available through regulated infrastructure. The SEC clarified in January that issuer-sponsored tokenized securities remain subject to US securities laws. The SEC was reportedly ready to announce an exemption for the trading of tokenized stocks in mid-May but delayed the plan later that month after stock exchange officials raised concerns over how it would be implemented. Securitize's live launch suggests the path may be open for issuers willing to navigate the current regulatory framework.
For crypto traders, this is a sector adoption signal, not a catalyst for BTC or layer-one tokens. The tokenized real-world asset market currently exceeds $43 billion, with tokenized stocks accounting for $1.6 billion, according to Token Terminal. Citigroup predicted last month that the tokenization market could grow to between $5.5 trillion and $8.2 trillion by 2030. Securitize partnered with the NYSE in March to create tokenized assets for the exchange's upcoming tokenized securities platform, indicating this is infrastructure buildout, not speculative momentum. The funding rate sits at +1.0bp/8h, five times the 30-day average of +0.2bp, but this reflects leverage across crypto broadly, not SECZ-specific flows.
The one thing to watch is whether other newly public companies follow Securitize's model in the next six months. If issuer-sponsored tokenization becomes standard practice for IPOs, layer-one tokens with strong institutional custody and compliance infrastructure — Solana and Avalanche in this case — could see sustained inflows from securities desks allocating to on-chain rails. Until then, this is a proof-of-concept milestone, not a trade catalyst.
Source: CoinTelegraph