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 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 shares on Avalanche and Solana, allowing eligible U.S. investors to buy on-chain SECZ through its regulated platform. 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 is already the leading non-stablecoin RWA issuer on-chain with more than $4.4 billion in tokenized assets, including BlackRock’s BUIDL fund. Unlike many tokenized stock products that only provide synthetic or economic exposure, Securitize positions its model around direct legal ownership of the underlying shares, including dividend and voting rights. That regulatory-first design creates a strong differentiation, but it also sharply limits access, since investors must pass KYC, AML, jurisdictional checks, and securities law requirements. The article also reviews Securitize’s financial profile, management revenue guidance, and valuation versus Figure, showing that the stock does not look obviously cheap, though investors may still justify a premium based on its leadership in the RWA market and broader regulated infrastructure.

Securitize officially 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 company opened at $12.45, reached an intraday high of $13.70, and closed at $12.3, implying an estimated market capitalization of about $1.96 billion and nearly $2.2 billion at the session high. At the same time, Securitize became the first company to list both on the NYSE and on public blockchains, offering tokenized SECZ shares to eligible U.S. investors on Avalanche and Solana through its regulated platform. 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. Unlike many existing tokenized stock products that only provide economic exposure, Securitize says its tokens represent direct ownership of real shares, including dividend, voting, and other shareholder rights. That legal authenticity comes with strict access controls such as KYC, AML checks, jurisdictional screening, and wallet whitelisting. As the leading RWA issuer with more than $4.4 billion in on-chain tokenized assets and BlackRock’s BUIDL fund as its flagship product, Securitize is now extending its institutional tokenization model into the tokenized equities market.

Securitize officially began trading on the New York Stock Exchange on July 2 after completing its business combination with SPAC Cantor Equity Partners II, with shares listed under the ticker SECZ. 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 distinctive is that Securitize simultaneously tokenized its own common stock, allowing eligible U.S. investors to purchase tokenized SECZ through its regulated platform 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. The company, already a dominant player in tokenized real-world assets with more than $4.4 billion in on-chain RWA market value by DeFiLlama’s measure, has historically focused on institutional products such as bonds, private credit, and money market funds, including BlackRock’s BUIDL. SECZ therefore marks a significant expansion into tokenized equities. Securitize’s core differentiation is that its tokenized shares represent direct ownership of actual stock, including legal and economic rights such as dividends and voting, unlike many competing products that mainly offer synthetic or economic exposure. However, that structure comes with strict KYC, AML, jurisdictional, and securities-law eligibility requirements, making access far more limited than the broader tokenized stock market. On valuation, publicly available filings suggest the company may have roughly 160 million shares outstanding post-merger, implying a day-one market cap of about $1.96 billion and nearly $2.2 billion at the session high. Based on management’s projected 2025 revenue of $69 million, the stock trades at roughly 28x forward sales, above comparable RWA platform Figure, though investors may be assigning a premium for Securitize’s regulatory stack and market leadership.

Bitcoin collateral assets are shifting from cryptocurrency portfolios to home loans The first Bitcoin mortgage backed by Fannie Mae has been approved, paving the way for nationwide rollout. On June 4, Coinbase (NASDAQ: COIN) and Better Home & Finance Holding Company (NASDAQ: BETR) jointly announced this milestone, calling it "the first mortgage in the United States guaranteed by Fannie Mae and backed by Bitcoin." Borrowers can stake Bitcoin or USD Coin (USDC) to raise a down payment while maintaining their cryptocurrency holdings. This structure combines traditional mortgages with cryptocurrency-backed down payment financing. Better is responsible for initiating and managing this Fannie Mae-backed mortgage, while Coinbase is responsible for custody, compliance, and operational support for the staked digital assets. This means Bitcoin backs down payment loans, while home loans remain within a standard mortgage system. The announcement states: