Securitize, one of the most prominent players in the real-world asset sector, began trading on the New York Stock Exchange on July 2 after completing a business combination with SPAC Cantor Equity Partners II. Trading under the ticker SECZ, the stock opened at $12.45, reached an intraday high of $13.70, and closed at $12.3, implying a market capitalization of roughly $2 billion. At the same time, Securitize launched tokenized versions of its common shares on Avalanche and Solana, making SECZ the first company to be listed on both the NYSE and public blockchains from day one. According to RWA.xyz, SECZ immediately became the world’s largest tokenized stock by on-chain value, exceeding $295 million on issuance day. What distinguishes Securitize from many competing tokenized stock platforms is its insistence on offering direct ownership of real shares rather than synthetic exposure. Token holders are intended to receive the same legal and economic rights as traditional shareholders, including dividends and voting rights. However, that authenticity comes with strict access controls: investors must pass KYC and AML screening, satisfy jurisdictional requirements, comply with applicable securities laws, and be whitelisted, making the product largely inaccessible to ordinary global retail users. The listing also refocuses attention on Securitize’s valuation. The company dominates the on-chain RWA market with more than $4.4 billion in tokenized assets, and its BlackRock-related BUIDL fund alone exceeds $2.2 billion. Still, based on management revenue guidance and comparisons with Figure, the stock does not appear obviously undervalued. The market premium seems to reflect Securitize’s regulatory stack, institutional distribution, and potential to expand tokenized equities beyond SECZ.

Securitize began trading on the New York Stock Exchange on July 2 under the ticker SECZ after completing its merger with SPAC Cantor Equity Partners II. The company opened at $12.45, hit an intraday high of $13.70, and closed at $12.3, implying a market capitalization of roughly $1.96 billion. At the same time, Securitize tokenized its own common stock on Avalanche and Solana, making it the first company to be listed both on the NYSE and on-chain. According to RWA.xyz, tokenized SECZ became the world’s largest tokenized stock by on-chain value on its first day, exceeding $295 million. Unlike many existing tokenized stock offerings that provide only synthetic exposure or economic rights, Securitize says its tokenized shares represent direct ownership of real equity, including dividends and voting rights. That structure comes with strict access controls: investors must pass KYC, AML, jurisdictional checks, and securities-law requirements, and only whitelisted wallets can trade the asset. With more than $4.4 billion in on-chain RWA market value, flagship products such as BlackRock’s BUIDL, and a 2025 implied price-to-sales multiple of about 28x, Securitize’s debut is being closely watched as both a public-market event and a major step into the tokenized equities market.

Securitize began trading on the New York Stock Exchange on July 2 under the ticker SECZ after completing its business combination with SPAC Cantor Equity Partners II. The stock opened at $12.45, climbed as high as $13.70 intraday, and closed at $12.3, implying a market capitalization close to $2 billion. What makes the listing notable is that Securitize also tokenized its own common stock at launch, allowing eligible U.S. investors to purchase tokenized SECZ on Avalanche and Solana through its regulated platform. According to RWA.xyz, SECZ immediately became the world’s largest tokenized stock by on-chain value, exceeding $295 million on day one. The company remains the leading force in on-chain real-world assets, with more than $4.4 billion in tokenized RWA outstanding, and is best known for supporting BlackRock’s BUIDL money market fund, now above $2.2 billion. Unlike many existing tokenized equity offerings, Securitize emphasizes that its tokens represent direct ownership of actual shares, including rights to dividends and voting, rather than synthetic or purely economic exposure. That legal structure comes with strict access controls, including KYC, AML checks, jurisdictional restrictions, securities-law compliance, and wallet whitelisting. On valuation, the company appears neither obviously cheap nor clearly overvalued: based on management’s projected 2025 revenue of about $69 million, its static price-to-sales ratio is roughly 28x, above comparable RWA platform Figure at around 15x, while investors continue to focus on whether Securitize can extend its institutional-grade tokenization model deeper into public equities.

Securitize, one of the most prominent real-world asset tokenization platforms, began trading on the New York Stock Exchange on July 2 under the ticker SECZ after completing its merger with SPAC Cantor Equity Partners II. The stock opened at $12.45, climbed as high as $13.70 intraday, and closed at $12.3, implying a market capitalization close to $2 billion. At the same time, Securitize tokenized its own common stock and made it available on Avalanche and Solana for eligible U.S. investors through its regulated platform. According to RWA.xyz, SECZ became the world’s largest tokenized stock on its first day, with on-chain value exceeding $295 million. The development marks a strategic shift for a company previously known for institution-focused products such as BlackRock’s BUIDL fund. The article examines how Securitize differs from platforms offering synthetic stock exposure, why its “real ownership” model comes with stricter KYC and whitelist requirements, and how its valuation compares with peers such as Figure using revenue and tokenized AUM metrics.

Securitize began trading on the New York Stock Exchange on July 2 under the ticker SECZ after completing a business combination with SPAC Cantor Equity Partners II. The stock opened at $12.45, rose as high as $13.70 intraday, and closed at $12.3, implying a market capitalization near $2 billion. What made the listing stand out was not only the public debut itself, but the fact that Securitize simultaneously tokenized its own common stock and made it available, through a regulated platform, to eligible U.S. investors on Avalanche and Solana. According to RWA.xyz, SECZ became the world’s largest tokenized stock by on-chain value on its first day, surpassing $295 million. The company enters the public market as the clear leader in on-chain real-world assets, with more than $4.4 billion in tokenized RWA issuance according to DeFiLlama, excluding stablecoins such as USDT and USDC. Its existing business has largely focused on institution-oriented products including bonds, private credit, and money market funds, most notably BlackRock’s BUIDL fund, which has exceeded $2.2 billion in size. SECZ therefore marks a strategic expansion into tokenized equities. Securitize’s key differentiation is legal ownership. Unlike many tokenized stock products that only provide synthetic or economic exposure, SECZ tokens are designed to represent direct ownership of real shares, including dividend and voting rights. That structure, however, comes with strict onboarding requirements: KYC, AML review, jurisdictional checks, securities law compliance, and wallet whitelisting. The result is a model with stronger regulatory grounding but much narrower retail access. Using public filing data, Securitize’s valuation appears elevated versus Figure on both price-to-sales and market cap-to-AUM metrics, though investors may still be pricing in its broader regulatory stack, revenue optionality, and leadership in the tokenized securities market.

Securitize began trading on the New York Stock Exchange on July 2 under the ticker SECZ after completing its SPAC merger with Cantor Equity Partners II. The stock opened at $12.45, reached an intraday high of $13.70, and closed at $12.3, implying a market capitalization close to $2 billion. At the same time, the company tokenized its own common stock, allowing eligible U.S. investors to buy tokenized SECZ through Securitize’s regulated platform on Avalanche and Solana. According to RWA.xyz, SECZ became the world’s largest tokenized stock on its first day, with more than $295 million in on-chain value. The move marks a notable shift for Securitize, which has long dominated the RWA sector through institutional products such as bonds, private credit, and money market funds, including BlackRock’s BUIDL. Unlike many competing tokenized stock offerings that mainly provide synthetic exposure or economic rights, Securitize says its model represents direct ownership of actual shares with associated legal and economic rights. However, that structure comes with strict access controls, including KYC, AML review, jurisdiction screening, securities-law compliance, and wallet whitelisting, making participation difficult for ordinary global retail investors. From a valuation perspective, the company does not appear obviously undervalued relative to peers such as Figure, but investors are likely watching whether Securitize can turn its regulatory infrastructure and RWA leadership into a durable advantage in tokenized equities.

Securitize completed its business combination with SPAC Cantor Equity Partners II on July 2 and began trading on the New York Stock Exchange under the ticker SECZ. The stock opened at $12.45, reached an intraday high of $13.70, and closed at $12.3, implying a market capitalization near $2 billion. What makes the listing stand out is that Securitize simultaneously tokenized its own common stock, making SECZ available on Avalanche and Solana for eligible U.S. investors through its regulated platform. According to RWA.xyz, SECZ immediately became the largest tokenized stock globally by on-chain value, exceeding $295 million on day one. The move highlights Securitize’s attempt to differentiate itself from tokenized equity platforms that merely offer synthetic exposure. On Securitize, tokenized shares are designed to represent direct ownership of actual shares, including dividends and voting rights. However, that structure comes with strict regulatory gating, including KYC, AML review, jurisdictional restrictions, and wallet whitelisting, which sharply limits retail participation. As the leading RWA issuer with more than $4.4 billion in on-chain assets, Securitize is now positioning its public listing as the starting point for a broader tokenized stock strategy.

Securitize, a leading real-world asset tokenization platform, began trading on the New York Stock Exchange on July 2 under the ticker SECZ after completing a business combination with SPAC Cantor Equity Partners II. The stock opened at $12.45, rose as high as $13.70 intraday, and closed at $12.3, implying an estimated market capitalization of about $1.96 billion. At the same time, Securitize became the first company to list both on a traditional U.S. exchange and on-chain, offering tokenized shares of its own common stock to eligible U.S. investors on Avalanche and Solana. According to RWA.xyz, SECZ immediately became the world’s largest tokenized stock by on-chain value, exceeding $295 million on day one. Unlike many tokenized stock products that only provide synthetic exposure or economic rights, Securitize says its on-chain shares represent direct ownership of real equity, including dividends, voting rights, and other shareholder protections. However, that structure comes with strict access controls: investors must pass KYC, AML, jurisdictional checks, and securities-law eligibility requirements, and only whitelisted wallets can trade. With more than $4.4 billion in on-chain RWA issuance and flagship products such as BlackRock’s BUIDL fund, Securitize now enters the tokenized equity segment from a position of market leadership, but its model highlights the trade-off between regulatory authenticity and broad retail accessibility.