Securitize Debuts First On-Chain Common Stock on NYSE

Securitize makes history as the first company to issue common stock directly on-chain, trading on the NYSE under SECZ via Solana and Avalanche networks.

The debut of the company under the ticker SECZ marks the first instance of a public company issuing its own common stock directly on-chain, bypassing synthetic tokens or derivative structures.

First Public Offering with Native Tokenized Shares

The July 2 listing represents a significant milestone for both traditional capital markets and the blockchain industry. Unlike previous attempts to create tokenized versions of stocks through intermediaries or offshore structures, Securitize offers its actual common stock in digital form. This means that investors holding these tokenized securities receive the same rights as NYSE shareholders, including voting rights and the right to dividends.

According to data from The Block, the company began trading on the NYSE at a price of $12.45 per share. During the session, it reached a peak of $13.70, representing a nearly 10% gain, before closing the day at $12.30. Securitize went public through a merger with the special purpose acquisition company Cantor Equity Partners II, which closed a day earlier.

The parallel existence of shares on a regulated exchange and blockchain infrastructure allows for the gradual integration of traditional financial markets with decentralized technologies. The company believes this model can provide higher settlement efficiency, lower operational costs, and the potential for nearly continuous liquidity.

Securitize’s tokenized shares are issued on the Solana and Avalanche networks, allowing investors to hold the securities directly in compatible crypto wallets without altering the legal status of ownership.

A Model Changing How Shares Are Issued

The primary difference compared to other tokenized stocks on the market is that Securitize utilizes “issuer-sponsored tokens.” In this model, the token is not a digital copy of the share or an instrument backed one-to-one by it; rather, it is the security itself, recognized by the issuer.

This allows tokenized shares to retain all traditional shareholder rights, including voting, dividends, and participation in corporate actions. Furthermore, the securities can be moved out of the Depository Trust Company (DTC) infrastructure and exist directly on the blockchain.

Such a model is possible because Securitize possesses its own securities service infrastructure. The company acts simultaneously as a transfer agent, broker-dealer, investment advisor, and operator of an alternative trading system (ATS), enabling it to manage the entire lifecycle of tokenized shares without external intermediaries.

The Next Goal: IPOs Directed to Crypto Investors

Securitize President Brett Redfearn stated that the company is already in talks with the capital markets divisions of major investment banks, including JPMorgan, to distribute future initial public offerings directly to crypto investors via tokenized shares.

According to Redfearn, the idea is for investors to receive IPO allocations directly into crypto wallets like MetaMask or OKX Wallet, rather than solely through traditional brokerage accounts.

Redfearn, who previously led the SEC’s Division of Trading and Markets, noted that discussions have already entered the operational phase. He added:

“The conversation is no longer theoretical. It is operational. We will see similar deals in the next three to six months, and certainly within a year.”

He mentioned that the company had previously attempted to apply a similar model to the SpaceX public offering, but the project was in too early a stage to be realized at that time.

Tokenization Enters the Financial Mainstream

The listing of Securitize comes as the tokenization of real-world assets (RWA) becomes one of the fastest-growing segments in digital finance. The company already manages over $4 billion in assets, including BlackRock’s BUIDL fund, positioning it as a leading participant in the sector.

The practical advantages of this new model will become visible as early as this weekend. While U.S. stock exchanges remain closed for Independence Day, SECZ tokenized shares can continue to be transferred and traded on the Solana and Avalanche networks. Although secondary liquidity is still developing, this is the first real demonstration of the potential for nearly 24-hour trading of public shares outside traditional exchange hours.

Securitize management describes its listing as a “roadmap” for other public companies, and analysts expect other issuers to follow suit in the coming months. Concurrently, the NYSE and DTCC are accelerating the development of their own infrastructure for tokenized securities, while competitors like Ondo, Superstate, and Figure also build platforms for blockchain-based capital markets.

The debut of Securitize demonstrates that tokenization is moving beyond the experimental phase and beginning to integrate into the core infrastructure of financial markets. If the model is adopted by other issuers and investment banks, the next generation of IPOs could be accessible simultaneously on Wall Street and directly in the crypto wallets of investors worldwide.