Securitize Trades on NYSE, Shares Down Following Listing

Securitize (NYSE:SECZ) listed its shares on the New York Stock Exchange following the completion of a SPAC deal that made the company an early public company that focuses on tokenization.

Securitize is a full stack tokenization platform including an ATS for secondary transactions. Major customer include BlackRock, KKR, Hamilton Lane and more. BlackRock is also a significant investor .

Securitize was founded by Carlos Domingo and Jamie Finn in 2017. Today, the company is a leading platform enabling the tokenization of real world assets (RWAs) at over $4 billion so far. The company is at the vanguard of the transition from traditional securities to digital ones. While the industry is nascent and has detractors, digital securities may expand the world of investible assets as the ease of issuance and management improves over time.

Shares closed on July 2nd at $12.30 but have since moved lower, trading around $8.70 currently and a market cap of approximately $1.34 billion. Still, a days trading does not make a month and volatility is expected for new offerings.

 

 


Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!



Sponsored Links by DQ Promote

 

 

0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Newest
Oldest Most Voted
 
0
Would love your thoughts, please comment.x
()
x
Send this to a friend