In a first for publicly traded companies, BlackRock-backed Securitize has tokenized its own common stock on the Solana and Avalanche blockchains on the same day it began trading on the New York Stock Exchange under the ticker SECZ.
The tokenized shares represent the exact same common equity as those listed on the NYSE, not a separate share class. Ownership format changes, but all legal, contractual, and transfer restrictions remain intact. Eligible U.S. investors can access the tokens through Securitize’s regulated platform after completing KYC/AML checks.
The move follows shareholder approval of Securitize’s merger with Cantor Equity Partners II in a $400 million SPAC deal, which included an oversubscribed $225 million private investment round. Less than 30% of SPAC shareholders redeemed, leaving over 71% of the trust intact.
CEO Carlos Domingo highlighted that this tokenization is issuer-sponsored and built on the same regulated infrastructure Securitize has developed for years. “There is no stronger validation of that belief than tokenizing our own public shares from day one,” he stated. The company expects to cultivate an onchain shareholder base from the outset, with additional functionality and market infrastructure evolving as regulated tokenized securities mature.
Shares of SECZ rose over 10% on their first trading day, reaching above $12, while Bitcoin’s rebound past $62,000 lifted broader crypto-related equities.
