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Securitize tokenizes $295 million of its own stock on Solana and Avalanche amid NYSE debut
Key takeaways
- The company said its common stock, trading under the ticker SECZ, is now available in token form on Solana (SOL) and Avalanche (AVAX) via its regulated platform.
- Securitize also claimed bragging rights as the first newly public company to tokenize its own stock on its first day of trading.
- SECZ was 10% up in the Thursday session, its first day following the SPAC merger with publicly-traded Cantor Equity Partners II.
The company said its common stock, trading under the ticker SECZ, is now available in token form on Solana (SOL) and Avalanche (AVAX) via its regulated platform. The blockchain-based shares represent the same common stock trading on the NYSE rather than a separate class of securities, the firm said.
Securitize also claimed bragging rights as the first newly public company to tokenize its own stock on its first day of trading. Investors held some $295 million in tokenized shares, according to blockchain data from RWA.xyz.
SECZ was 10% up in the Thursday session, its first day following the SPAC merger with publicly-traded Cantor Equity Partners II.
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