Securitize Corp. has officially claimed the top position among tokenized stocks, registering a remarkable $270 million in shares onchain, as indicated by data from rwa.xyz.

Key Highlights

  • Securitize (SECZ) surpasses competitors, holding $270.6 million in onchain shares.
  • The tokenized stock sector has reached a cumulative value of $1.96 billion, reflecting a significant increase of 31.84% over the past month.
  • SECZ was actively traded onchain during the July 4 holiday while traditional NYSE markets remained closed on Friday.

The company's ticker symbol, SECZ, commenced trading on the New York Stock Exchange (NYSE) on Thursday, July 2, just after Securitize finalized its business merger with Cantor Equity Partners II on July 1. Shares opened at $12.45, peaked at $13.70 during the day, and concluded at $12.30, marking a 4.41% increase from the previous close of $11.78. Late trading pushed the stock up to $12.60.

Daily trading volume reached 839,134 shares, nearly matching the average of 853,500. As for the market capitalization, it stood at approximately $1.821 billion.

Securitize's Unique Offering

The company didn’t stop at being listed on the NYSE; it also took the initiative to tokenize its common stock onchain simultaneously, utilizing platforms such as Solana and Avalanche through its own regulated framework. This innovative approach made Securitize the first newly public company to link its shares directly to public blockchains right from the opening bell. Initially, the amount of tokenized shares issued ranged between $295 million to $300 million, which has now stabilized around the reported $270.6 million.

Understanding Tokenized Stocks

It's important to clarify that a tokenized stock is not simply a price tracker or an alternative class of shares. In the case of Securitize, the token mirrors the actual common stock traded under SECZ on the NYSE, ensuring full legal ownership for token holders. These holders are recognized on the issuer's cap table, retaining essential shareholder rights such as dividends, proxy votes, and participation in corporate activities. Additionally, tokens can be stored in personal wallets instead of through brokers.

This structure has captured the attention of traders who closely monitor onchain trends alongside traditional stock price movements. A token that signifies real ownership and operates on a public blockchain with instant settlement offers investors near real-time visibility of asset ownership changes, which is crucial for those who track institutional flows and large transactions.

The Allure for Traders

Trading activities for tokenized shares occur around the clock. The U.S. stock markets were shuttered on Friday, July 3, to observe Independence Day; nevertheless, SECZ tokens continued to trade on Solana and Avalanche throughout the holiday weekend, providing an alternative trading platform when the NYSE was unavailable. During standard market hours, token pricing aligns with the National Best Bid and Offer under Regulation NMS, while outside those hours, price fluctuates based on onchain supply and demand, facilitated by market makers like Jump.