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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/08/2026

Securitize Slides 40% After SPAC Debut, Mirroring Industry Trend

What happened: Securitize (SECZ), backed by BlackRock and a leading player in asset tokenization, began trading on the NYSE on July 2, 2026, following a SPAC merger valued at approximately $1.

Securitize Slides 40% After SPAC Debut, Mirroring Industry Trend

What happened: Securitize (SECZ), backed by BlackRock and a leading player in asset tokenization, began trading on the NYSE on July 2, 2026, following a SPAC merger valued at approximately $1.25 billion. Despite raising about $400 million in the deal, SECZ shares have dropped roughly 40% since debut, with no major negative catalyst identified. This pattern echoes other digital asset firms: BitGo (-70%), Gemini (-85%), Bullish (-70%+), Circle (-77%), and Coinbase (-56% from opening price).

Why it matters: The sharp post-listing decline underscores a broader trend of investor turnover and skepticism toward newly public digital asset companies, rather than Securitize-specific issues. Meanwhile, the underlying tokenization market continues to expand, with Citi projecting $5.5 trillion in tokenized assets by 2030 and BCG/Ripple estimating $19 trillion by 2033. The divergence between public equity valuations and tokenization adoption highlights a maturing but volatile sector.

Source: CoinDesk