Tokenization · New York · Decrypt
Earlier this week, Securitize President Brett Redfearn told Decrypt that tokenization is an understated benefit for consumers
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“I think that business is totally disruptible,” Redfearn told Decrypt.
Key facts
- Shares in BlackRock-backed tokenization firm Securitize (SECZ) are up more than 8% in their trading debut, recently changing hands at $12.75
- As of June, the tokenization firm had more than $4 billion in assets under management
- While its shares hit traditional equity markets on Thursday, they also landed on the blockchain, with tokenized versions of $266 million worth of SECZ issued—a mark the firm said makes it the largest
- We have long said that public equities are moving on-chain, and there is no stronger validation of that belief than tokenizing our own public stock on Day 1,” said Carlos Domingo, co-founder and CEO
Summary
Securitize shares made their public debut on Thursday, and were recently up more than 8% on the day. SECZ is also trading on-chain, with $266 million worth of shares tokenized on Solana and Avalanche. The firm went public via merger with a Cantor Fitzgerald-backed blank check firm. Shares in BlackRock-backed tokenization firm Securitize (SECZ) are up more than 8% in their trading debut, recently changing hands at $12.75. The firm began trading on the New York Stock Exchange (NYSE) Thursday, eight years after its founding, thanks to a merger with a Cantor Fitzgerald-backed blank check firm.