The firm began trading on the New York Stock Exchange (NYSE) Thursday, eight years after its founding, thanks to a merger with a Cantor Fitzgerald-backed blank check firm.
While its shares hit traditional equity markets on Thursday, they also landed on the blockchain, with tokenized versions of $266 million worth of SECZ issued—a mark the firm said makes it the largest tokenized stock in the world.
“We have long said that public equities are moving on-chain, and there is no stronger validation of that belief than tokenizing our own public stock on Day 1,” said Carlos Domingo, co-founder and CEO of Securitize, in an article posted by the firm on X.
“SECZ is not a synthetic token or offshore wrapper,” he said. “It is issuer-sponsored tokenization of the same common stock trading on the NYSE, made available through regulated infrastructure.”
“Bringing SECZ on-chain is not just a milestone for Securitize,” Domingo said. “It is a blueprint for public companies that want to use tokenization to create more efficient, transparent, and useful ownership experiences for their shareholders.”
“I think that business is totally disruptible,” Redfearn told Decrypt. “There’s a lot of opportunities when you start to disintermediate traditional businesses.”
As of June, the tokenization firm had more than $4 billion in assets under management.
