Securitize Lists on NYSE Targeting Stock Lending
SkimNews Take
A tokenization platform debuting on the very exchange it aims to disintermediate shows that DeFi's challenge to legacy finance still depends on accessing the credibility and capital of traditional markets.
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- Securitize is set to begin trading on the New York Stock Exchange on Thursday under the ticker "SECZ," becoming one of the first tokenization-focused firms to list on a major U.S. exchange.
- Brett Redfearn, Securitize's president and former SEC director of trading and markets who joined the company in April, argues that putting real-world assets on-chain delivers crypto's core disintermediation to everyday retail investors.
- Redfearn singled out stock lending as "totally disruptible," noting that Robinhood keeps around 85% of associated revenue while Charles Schwab splits it roughly 50/50 with customers, per NerdWallet figures cited in the article.
- Securitize has built its business enabling firms like BlackRock to issue securities directly on-chain, and Redfearn acknowledged that DeFi's growth hinges on unaffiliated developers building on top of that infrastructure.
- Robinhood is expected to unveil new products Wednesday, with Compass Point analyst Ed Engel writing that "tokenized equities compatible with DeFi" will likely be among them, following the broker's tokenization experiments in Europe.
Why it matters: Securitize's NYSE debut Thursday under "SECZ" gives public markets their first pure-play bet on tokenized securities, while Redfearn's explicit target — the 50–85% slice of stock lending revenue brokers currently keep — frames the listing as a referendum on whether DeFi rails can actually displace incumbent brokerage economics at the retail level.
