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.
"Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets," the firm posted on X.
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 tokenized stock in the world.
"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 of Securitize, in an article posted by the firm on X.
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.
"Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets," the firm posted on X.
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 tokenized stock in the world.
"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 of Securitize, in an article posted by the firm on X.
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