Key highlights:
- Securitize will go public on the NYSE at the start of July after approval of its SPAC merger sailed through.
- Trading under the SECZ ticker, the listing will test the market’s appetite for tokenization.
- Analysts are tipping the tokenization sector to exceed $4 trillion in market capitalization by 2030.
Securitize is inching toward a public listing on the New York Stock Exchange (NYSE) after investors approved a proposed merger between a special purpose acquisition company and the tokenization firm.
The NYSE debut will offer the first real public acceptance test for the tokenization sector, touted to reach $5 trillion in market valuation by the end of the decade.
Securitize scales major hurdle for NYSE listing
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Meanwhile, tokenized stocks are emerging as the sector’s fastest growing leader with a raft of crypto service providers rolling out the offering for users outside the US. Coinbase, Kraken and Robinhood are angling to offer tokenized stocks to US customers pending regulatory approval from the Securities and Exchange Commission (SEC).
Outside of stocks, Moody’s launched credit ratings on Solana in a valiant attempt at tokenization. Meanwhile, Solana and Ethereum are the leading blockchains for tokenization with both networks jostling to onboard institutional and retail players.
Source:: Securitize Braces for NYSE Listing As Tokenization Reaches Frenetic Levels