BlackRock-Backed Securitize Tokenizes SECZ Stock on Solana as It Debuts on NYSE

BlackRock-backed tokenization platform Securitize has tokenized its common stock, SECZ, on the same day as its NYSE listing. The stock notably surged by double digits today as the crypto market rebounded, with crypto stocks also seeing significant gains.

Securitize Tokenizes Common Stock On Solana and Avalanche

In an X post, the company announced that it is tokenizing its common stock on Solana and Avalanche as it goes public on the New York Stock Exchange under the ticker SECZ. The tokenized stock will be available to eligible U.S. investors through the company’s regulated platform.

“The launch makes Securitize the first newly public company to bring its own stock onchain at the start of its life as a public company. Based on shareholder participation, tokenized SECZ is already the largest tokenized stock globally,” the post read.

CoinGape had earlier reported on Securitize’s NYSE debut today after the BlackRock-backed company received approval from Cantor Equity Partners II shareholders for the proposed merger. Meanwhile, the company noted that tokenizing its common stock has always been part of its plans.

The firm noted how it has grown based on the belief that traditional assets will increasingly move onchain through regulated, issuer-sponsored infrastructure. “By tokenizing its own public stock on Day 1, Securitize is demonstrating its confidence in the technology, market structure, and regulatory pathway it has spent years building,” it said.

Tokenized Shares To Trade Similar To Traditional Counterparts

Securitize noted that the tokenized SECZ will represent the same common stock trading on the NYSE, not a separate share class. The company noted that tokenization changes the form of ownership but not the underlying nature of the share, nor does it override applicable legal, contractual, or transfer restrictions.

Furthermore, the top tokenization platform said that it expects the tokenized SECZ launch to establish a meaningful onchain shareholder base from Day 1. Meanwhile, they expect additional functionality, utility, and market infrastructure to develop over time.

Securitize’s stock has surged by double digits on its NYSE debut today. The crypto stock is currently trading at around $12, up over 10%, according to TradingView data. The stock has notably surged alongside other crypto stocks, which have recorded significant gains today as the Bitcoin price reached $62,000.