Securitize debuted on the New York Stock Exchange this week, bringing a tokenization business into the public market. The company says it managed more than $4 billion in assets as of June.
What it actually does is straightforward: it helps firms issue on-chain versions of familiar assets, then handles the records and administration that go with them.
The clearest sign this has moved beyond a crypto pilot is BlackRock. BlackRock led a $47 million funding round in 2024, and when it launched the tokenized BUIDL money market fund that year, Securitize handled the administration.
Securitize also reported more than $1.9 billion in transaction volume in the first quarter of this year. So the story is not that tokenization is a new idea. It is that firms are now paying for the back-office work required to run these products at institutional scale.
BlackRock-backed Securitize gaining ground is the tokenisation signal to watch as Wall Street scales on-chain distribution.