Securitize, a BlackRock-backed tokenization platform, tokenized its own common stock on Solana and Avalanche immediately after listing on the New York Stock Exchange. The tokenized shares, ticker SECZ, are available to eligible U.S. investors through the company's regulated platform, while the underlying stock trades publicly on the NYSE.
First-Day Onchain Listing and SPAC Deal Details
According to Securitize, the SECZ tokens represent the same class of common shares listed on the NYSE — not a separate security. The company said tokenization changes only the ownership record, with shareholders still subject to existing legal and transfer restrictions. The move follows shareholder approval of Securitize's merger with Cantor Equity Partners II, where less than 30% of SPAC shareholders redeemed, leaving over 71% of trust intact. The deal generated roughly $400 million in gross proceeds, including an oversubscribed $225 million PIPE.
Market Response and Tokenized Equity Scale
Shares of SECZ climbed more than 10% on debut, topping $12, alongside a Bitcoin rebound near $62,000. Securitize claimed that tokenized SECZ has become the largest tokenized stock globally by shareholder participation.
Expansion Beyond Money Market Funds
This tokenization milestone follows Securitize's broader push into tokenized real-world assets. Last week, Ethena Labs announced a planned $250 million allocation to Securitize's AAA-rated tokenized CLO fund, which invests in dollar-denominated CLO tranches custodied by BNY Mellon. Firms like BlackRock and Franklin Templeton have also expanded tokenized money market funds, signaling growing institutional appetite for onchain regulated products.