Securitize Begins Trading on NYSE as Tokenized Shares Land on Solana, Avalanche
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- Securitize (SECZ) debuted on the NYSE Thursday at $12.75, up more than 8%, eight years after founding and through a merger with a Cantor Fitzgerald-backed blank check firm.
- $266 million of SECZ shares were tokenized on Solana and Avalanche simultaneously with the equity listing, which the firm calls the largest tokenized stock in the world.
- CEO Carlos Domingo stressed the on-chain version is 'issuer-sponsored tokenization of the same common stock trading on the NYSE' — not a synthetic token or offshore wrapper.
- President Brett Redfearn told Decrypt tokenization is understated, pointing to decentralized lending as a way to disintermediate traditional businesses he called 'totally disruptible.'
- BlackRock-backed Securitize had more than $4 billion in assets under management as of June, underscoring the institutional scale behind the debut.
- CoinDesk's coverage headline cites $295 million tokenized versus the $266 million figure in Decrypt's report — a $30 million gap that isn't reconciled in either source.
Why it matters: The debut establishes a working template where a public company issues the identical shares on both NYSE and public blockchains at the same time — $266 million tokenized on Day 1 from a $4B-AUM, BlackRock-backed firm. For traditional issuers, this is the clearest validation yet that tokenization doesn't require abandoning regulated equity markets. The CoinDesk/Decrypt token-value discrepancy ($295M vs. $266M) also raises transparency questions about how 'tokenized stock' is being measured.
