Securitize Makes NYSE Debut, Tokenizes Its Own Shares on First Trading Day [Crypto Briefing]

[Financial News] Global real-world assets (RWA) tokenization platform Securitize said on its first day of listing on the New York Stock Exchange (NYSE) that it would offer its own common shares in blockchain-based, or on-chain, token form as its stock rose. Investor interest in RWA infrastructure companies is also growing as Securitize, which helped issue BlackRock's tokenized money market fund (MMF) BUIDL, makes its debut on the U.S. stock market.
On the 2nd local time, Securitize completed its merger with special purpose acquisition company Cantor Equity Partners II (CEPT) and began its first trading under the ticker 'SECZ.' On its first day of listing, Securitize at one point surged as much as 16.3% from the reference price for the offering, or the previous day's closing price before the merger of $11.78, before ending the session up 4.41% at $12.30.
Along with its listing, Securitize announced that it would offer $295 million worth of its own shares in token form on the Solana and Avalanche blockchains. Qualified investors in the United States will be able to trade the tokenized shares on the Securitize platform after passing know-your-customer (KYC) and anti-money laundering (AML) checks.
Carlos Domingo, Chief Executive Officer (CEO) of Securitize, said, "Bringing listed shares on-chain is not just a milestone for Securitize, but a blueprint for public companies that want to create a more efficient and transparent shareholder experience through tokenization."
Founded in 2017, Securitize is an RWA infrastructure company that has worked with global financial firms including BlackRock, Apollo Global Management, and Hamilton Lane. It is especially known as the platform that supports the issuance and management infrastructure for BlackRock's on-chain money market fund BUIDL. NH Investment & Securities described Securitize as "a representative tokenization platform backed by BlackRock's equity investment."
Securitize's competitiveness lies in its regulation-based infrastructure. Based on licenses such as SEC-registered transfer agent, broker-dealer, alternative trading system (ATS), and fund administration, Securitize supports everything from RWA issuance and investor registration to asset management and secondary market trading. It is considered an infrastructure provider that offers the full process, from RWA issuance and investor registration to distribution, asset and investor management, and secondary trading.
Its market share in the global RWA market is also relatively high. According to data cited by Samsung Securities from DefiLlama, the total value of global RWA assets as of the end of May stood at $26.6 billion. Securitize accounted for 15.4% of that market. Tether (USDT) followed with 12.1%, Circle with 11.1%, and Ondo with 10.8%.
However, its earnings are still in the early growth stage. According to a company report released by Samsung Securities, Securitize posted revenue of $19.5 million in the first quarter of this year. Revenue was made up of 57% from tokenization issuance and 43% from asset management. Its RWA assets under management (AUM) came to $3.4 billion, while assets under administration (AUA) totaled $24.9 billion.
Market watchers say Securitize could emerge as an investment target that offers direct exposure to the tokenization market on the U.S. stock market. Hong Sung-wook, a research analyst at NH Investment & Securities, said Securitize is "a pure-play tokenization stock in the U.S. market" and added that it is worth watching in terms of its tokenization model, secured licenses, and partnerships with traditional financial infrastructure.

elikim@fnnews.com Kim Mi-hee Reporter