Securitize has tokenized $295 million of its own stock on the Solana and Avalanche blockchains, coinciding with its debut on the New York Stock Exchange (NYSE). This move highlights the growing trend of on-chain public equities, with CEO Carlos Domingo emphasizing the significance of tokenizing their own stock as a validation of this shift. The tokenized shares, known as SECZ, are issuer-sponsored and available to eligible U.S. investors through Securitize's platform, following identity verification and compliance with securities laws.
The initiative underscores Securitize's role in the tokenization sector, having developed infrastructure for major firms like BlackRock and Apollo. The company has partnered with Intercontinental Exchange, Computershare, and Continental to facilitate the issuance of tokenized equities. Analysts project significant growth in the tokenized securities market, with estimates reaching up to $18.9 trillion by 2033.
Securitize Tokenizes $295 Million of Its Stock on Solana and Avalanche
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