Securitize Puts $295M of Its Own NYSE Stock Onchain on Day One

Securitize began trading on the New York Stock Exchange under the ticker SECZ on Thursday. That same day, the tokenization firm put its own common stock on Solana and Avalanche. According to data tracker RWA.xyz, the onchain value of tokenized SECZ stood at roughly $295 million as of publication.

The company said each token represents the same common stock that trades on the exchange. No new share class was created. That distinction sets this apart from the tokenized stock products that Robinhood and Kraken have rolled out over the past year. Those are third-party tokens that track shares the platform holds or references. Coinbase also offers similar products. Securitize instead used its own SEC-licensed transfer-agent and broker-dealer infrastructure to put its registered shares onchain.

Co-founder and CEO Carlos Domingo said in the announcement: "SECZ is not a synthetic token or offshore wrapper. It is issuer-sponsored tokenization of the same common stock trading on the NYSE, made available through regulated infrastructure."

Domingo was blunter in an interview. "We just wanted to lead by example and show people that if you want to issue real shares onchain, not fake shares, not copy cats, whatever you want to call it, then you can do it."

Securitize went public through a merger with the special-purpose acquisition company Cantor Equity Partners II. Its existing backers include BlackRock and Ark Invest. The firm has spent years building tokenization plumbing for asset managers. Earlier this year, the NYSE tapped Securitize to help build a 24/7 tokenized-equity trading platform.

Company president Brett Redfearn put it more plainly in an interview. "We're gonna eat our own dog food." He expects other public companies to bring their shares onchain within the year.

If other issuers follow, the model could shift the tokenized stock market away from synthetic wrappers toward issuer-sponsored tokens. Holders would face less counterparty risk, since the token is the registered share, not a derivative. That would put pressure on exchanges offering third-party tokenized stocks to prove their own rails are as clean.

The regulatory path is the next catalyst. Securitize used its own SEC-licensed infrastructure. Other companies would need similar licensing or a different route. The NYSE's 24/7 trading platform, still under development, will test whether issuer-sponsored tokens can handle continuous settlement.

Domingo said the company plans to expand tokenization to other issuers. No timeline was given.