
Securitize tokenised stock reaches US$270M
- Securitize became the largest tokenised stock with US$270.6 million in onchain shares after listing on the NYSE.
- The tokenised stock sector grew 31.84% over the past month to US$1.96 billion, while monthly transfer volume rose 92.77% to US$8.47 billion.
- The company's launch highlights growing interest in blockchain-based equity ownership that allows eligible investors to trade tokenised shares around the clock.
Securitize became the largest tokenised stock with US$270.6 million in onchain shares after listing on the New York Stock Exchange and issuing tokenised versions of its common stock on the Solana (CRYPTO:SOL) and Avalanche (CRYPTO:AVAX) blockchains.
The company's shares began trading on 2 July after completing its business combination with Cantor Equity Partners II, opening at US$12.45, reaching an intraday high of US$13.70 and closing at US$12.30, up 4.41% from the previous close of US$11.78.
Tokenised SECZ shares represent the same common stock traded on the NYSE, giving holders legal ownership, shareholder rights, dividend eligibility and voting rights while allowing the shares to be held in compatible blockchain wallets.
The tokenised shares continued trading during the US Independence Day market holiday, while access remains limited to eligible investors who complete know-your-customer and anti-money laundering checks through Securitize's regulated platform before purchasing shares with stablecoins.
The tokenised stock market continues to expand as more issuers and platforms enter the sector, and following the listing Securitize shares closed at US$12.30 with after-hours trading reaching US$12.60.
The wider tokenised stock sector now holds US$1.96 billion in distributed value, with monthly transfer volume increasing 92.77% to US$8.47 billion and total holders rising 17.18% to 403,650, according to rwa.xyz.
Securitize leads the sector ahead of Strategy PP Variable xStock, Circle Internet Group's tokenised shares and several tokenised exchange-traded funds, while the company differs from competitors by tokenising its own listed equity rather than wrapping existing public shares.
At the time of reporting, Solana price was $81.65.