Securitize launches tokenized shares on Solana and Avalanche in NYSE debut

Securitize issued tokenized versions of its shares on Solana and Avalanche as it debuted on the New York Stock Exchange. It is the first newly public company to make tokenized shares available on its market debut.

Securitize launches tokenized shares on Solana and Avalanche in NYSE debut

What happened?

Securitize issued tokenized versions of its shares on Solana and Avalanche as it debuted on the New York Stock Exchange. It is the first newly public company to make tokenized shares available on its market debut.

Why it matters

The launch marks the first time a newly public company has introduced tokenized shares on the same day as its public-market debut, connecting a traditional stock listing with blockchain-based representations of the shares.

Securitize issued tokenized versions of its shares on the Solana and Avalanche blockchains alongside its debut on the New York Stock Exchange.

The launch marks the first time a newly public company has introduced tokenized shares on the same day as its public-market debut, connecting a traditional stock listing with blockchain-based representations of the shares.

By using both Solana and Avalanche, Securitize made the tokenized versions available across two blockchain networks rather than limiting the issuance to one ecosystem.

The development provides a new example of how publicly traded shares can be represented using blockchain infrastructure from the start of a company’s life in public markets.

Source: Cointelegraph

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