This opportunity is attracting growing interest on Wall Street. Citi predicted that tokenized securities could reach $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimated the market could reach $18.9 trillion by 2033.
“We have long said that public stocks move on-chain, and there is no better validation of this belief than tokenizing our own public stocks from day one,” CEO Carlos Domingo said in a statement.
Issuer-sponsored tokenization
Unlike many existing tokenized equity products, which are issued by third parties or offered outside the United States, Securitize said SECZ is an issuer-sponsored tokenization of the company’s own shares. Eligible US investors can purchase the tokenized shares through the Securitize platform after completing identity verification and meeting securities law requirements.
The launch also serves as a showcase for Securitize’s activities.
The company, founded in 2017, has spent years building tokenization infrastructure for companies including BlackRock, Apollo, KKR, Hamilton Lane and VanEck, providing issuance, transfer agency and fund administration services for blockchain-based securities.
Earlier this year, NYSE parent company Intercontinental Exchange (ICE) partnered with Securitize to develop infrastructure for tokenized stocks. It has also partnered with Computershare and Continental, two of the world’s largest transfer agents, to help public companies issue their shares as tokens on blockchain rails.
