Securitize becomes first to debut shares on NYSE and onchain, but it won't be the last
Quick TakeSecuritize today became the first firm to debut its stock simultaneously on the New York Stock Exchange and onchain.President Brett Redfearn said the firm is in discussions to tokenize other IPOs within the next year. Leading tokenization firm Securitize (SECZ) began trading on the New York Stock Exchange on Thursday following a business combination with Cantor Equity Partners II late Wednesday. After opening at $12.45, SECZ hit a midday high of $13.70, about a 10% jump, and closed the day at $12.30. Securitize also launched tokenized versions of full SECZ shares on Solana and Avalanche, enabling broader global access to the stock and 24/7 trading, among other potential use cases. This means that even though traditional U.S. stock markets will be closed Friday in observance of Independence Day, SECZ will continue to trade. “Were gonna eat our own dog food,” Securitize President Brett Redfearn told The Block, discussing plans to bring stocks onchain. While some firms have issued versions of their stock onchain, Securitize is the first to do so at debut. However, Redfearn believes this wont be true for long. Redfearn, who served as director of the Securities and Exchange Commissions trading and markets division, said Securitize has been having numerous conversations with “capital markets