Securitize Tokenizes Its Own NYSE Stock on Solana and Avalanche

January 2025 — BlackRock-backed Securitize has become the first newly public company to tokenize its own common stock on the same day it began trading on the New York Stock Exchange, placing tokenized shares on Solana and Avalanche blockchains.

Immediate Details & Direct Quotes

Securitize launched tokenized versions of its NYSE-listed common stock under the ticker SECZ on the Solana and Avalanche networks. Eligible U.S. investors can access these tokenized shares through the firm’s regulated platform, while the stock itself trades publicly on the NYSE following the completion of its business combination with Cantor Equity Partners II.

According to the company, the blockchain-based SECZ tokens represent the same common stock trading on the New York Stock Exchange rather than a separate class of shares. Securitize explained that tokenization changes only the ownership format, while shareholders remain subject to the same legal, contractual, and transfer restrictions that apply to the underlying stock.

“Bringing its own equity onchain from the first day of public trading demonstrates the regulated infrastructure it has spent years building for tokenized securities,” the company stated. Securitize added that shareholder participation has already made tokenized SECZ the largest tokenized stock globally.

The listing follows shareholder approval of Securitize’s merger with Cantor Equity Partners II. Fewer than 30% of the SPAC’s shareholders redeemed their shares, leaving more than 71% of the trust intact before the transaction closed. The deal is expected to generate about $400 million in gross proceeds, including proceeds from related private investment in public equity financing and excluding transaction costs.

Market Context & Reaction

Shares of SECZ climbed more than 10% during their first trading session, reaching above $12, according to Yahoo Finance. The gains came as Bitcoin rebounded to around $62,000, lifting several publicly traded crypto-related companies alongside the wider digital asset market.

The company expects to establish an onchain shareholder base from the first day of trading, with additional functionality and market infrastructure expected to develop as regulated tokenized securities continue to mature.

As of January 2025, Securitize’s move signals growing institutional confidence in bringing traditional financial assets onto blockchain networks through regulated, issuer-sponsored platforms. By placing its own publicly traded shares onchain at listing, Securitize is applying that approach to its own equity rather than limiting tokenization to third-party assets.

Background & Historical Context

Securitize’s latest move comes as the company continues expanding its tokenized asset offerings beyond money market funds. The financing included an oversubscribed $225 million private investment round.

Ethena Labs plans to allocate $250 million to Securitize’s tokenized AAA-rated collateralized loan obligation fund after the product expanded to Solana. The fund invests in U.S. dollar-denominated AAA-rated CLO tranches, with BNY serving as custodian of the underlying assets and acting as sub-adviser through BNY Investments.

Interest in tokenized traditional financial products has continued to grow across the asset management industry. Firms including BlackRock and Franklin Templeton have expanded their presence in tokenized money market funds, adding momentum to the use of blockchain infrastructure for regulated financial products.

What This Means

Securitize’s move positions the company as a leader in the tokenized securities space, demonstrating that publicly traded companies can integrate blockchain infrastructure from day one of public listing.

– Short-term: The tokenized SECZ shares on Solana and Avalanche provide eligible investors with direct onchain access to NYSE-listed equity, potentially increasing liquidity and accessibility

– Long-term: This could establish a blueprint for other newly public companies to tokenize their stock, expanding the intersection of traditional capital markets and blockchain technology

– Upcoming milestones: Additional functionality and market infrastructure for tokenized SECZ shares are expected to develop as regulated tokenized securities mature

– Important: This is not financial advice. Conduct your own research before making investment decisions regarding tokenized securities

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