Securitize Tokenizes $295 Million of Its Own Shares on NYSE Debut
JH Kim
Summary
- Securitize said it tokenized $295 million of its own shares on its first day of listing on the New York Stock Exchange.
- Securitize said it issued its stock tokens through Solana (SOL) and Avalanche (AVAX), marking the largest issuer-led stock token issuance to date.
- Qualified US investors can buy the stock tokens on Securitize’s platform after completing identity verification and meeting securities law requirements.
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Securitize, a security-token platform, tokenized $295 million of its own shares on its first day of listing on the New York Stock Exchange.
CoinDesk reported on July 2 that Securitize issued the stock tokens on Solana and Avalanche. The deal is the largest issuer-led stock token issuance to date.
Qualified US investors can buy the stock tokens on Securitize’s platform after completing identity verification and meeting securities law requirements.
“We have long argued that public equities will move on-chain,” Securitize Chief Executive Officer Carlos Domingo said. “There is no stronger proof than tokenizing our own stock on the first day of our listing.”
JH Kim
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