Securitize tokenizes $295M of its own stock on Solana and Avalanche
Securitize tokenized $295 million of its own NYSE-listed stock on Solana and Avalanche on its debut trading day, marking a milestone for real-world asset tokenization.
Securitize (SECZ), a tokenization specialist backed by BlackRock and ARK Invest, began trading on the New York Stock Exchange on Thursday and simultaneously tokenized $295 million of its own shares on Solana and Avalanche.
The company said its common stock, trading under the ticker SECZ, is now available in token form on Solana and Avalanche via its regulated platform. The blockchain-based shares represent the same common stock trading on the NYSE rather than a separate class of securities. Securitize claimed bragging rights as the first newly public company to tokenize its own stock on its first day of trading. Investors held some $295 million in tokenized shares, according to the firm.
This move highlights the growing convergence between traditional finance and blockchain-based asset tokenization. For crypto traders, it demonstrates increasing institutional adoption of blockchain for real-world assets, potentially driving demand for Solana and Avalanche as platforms for tokenized securities. The ability to trade NYSE-listed stocks on-chain could also blur the lines between traditional and decentralized finance. For the latest prices on SOL, AVAX, and other tokenized assets, check NowPrice's real-time crypto quotes.
The success of Securitize's tokenization could encourage other newly public companies to follow suit, further integrating blockchain into capital markets. Traders should monitor regulatory developments around tokenized securities and the adoption of Solana and Avalanche for institutional use cases. The next few quarters may reveal whether this trend gains momentum among larger issuers.