Securitize's NYSE and Blockchain Dual Listing: A Game Changer
President Brett Redfearn said the firm is in discussions to tokenize other IPOs "definitely ... within the next year.”
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President Brett Redfearn said the firm is in discussions to tokenize other IPOs "definitely ... within the next year.”
The newly-public company's shares are the largest issuer-sponsored tokenized stock at launch, aiming to make a point against rival third-party stock token issuers.
BlackRock-backed tokenization firm Securitize now has shares trading on the New York Stock Exchange—or via Solana and Avalanche.
Securitize announced that shareholders of Cantor have greenlit the business combination, which is expected to close on Wednesday.
The tokenization firm is expected to begin trading on the NYSE on Thursday, becoming one of the first publicly traded pure-play tokenization companies.
Securitize says less than 30% of shareholders in the acquisition firm taking it public elected to redeem, giving it an expected $400 million on its upcoming debut.
Securitize expects to begin trading next week under the ticker symbol “SECZ,” following the completion of a merger with a blank-check firm.
Seeking to debut next week, Securitize will receive roughly $400 million after retaining more than 70% of its SPAC trust.
The BlackRock-backed tokenization specialist expects to close its SPAC merger next week and start trading on the NYSE, pending shareholder approval.