Securitize tokenized $295 million worth of stocks on its first day of listing

Jinse Finance reports that on July 3, Securitize (SECZ), a tokenization service provider backed by BlackRock and ARK Invest, listed on the New York Stock Exchange on Thursday. On the same day, it announced the launch of its common stock as tokens on the Solana and Avalanche networks, with a tokenization scale of approximately $295 million. Securitize stated that the on-chain stock represents the same class of common stock traded on the NYSE, rather than a separate securities category. Eligible U.S. investors can purchase the tokens after completing identity verification through its platform. The company claims to be the first new publicly listed company to tokenize its own stock on its first day of listing.

Unlike most tokenized stock products issued by third parties, Securitize emphasized that this is an "issuer-led tokenization," intended to demonstrate its own business capabilities. Founded in 2017, the company provides tokenization infrastructure services to institutions such as BlackRock, Apollo, and KKR. Earlier this year, NYSE parent company ICE partnered with Securitize to develop tokenized stock infrastructure.