Securitize (SECZ) Hits Record High as NYSE Expands Tokenized Stock Plans
- —SECZ rose 12% to a record $14.57, up about 170% from its August low of $5.39
- —Cantor Fitzgerald initiated coverage with an Overweight rating and $21.20 price target, implying 63% upside
- —The SEC introduced its Innovation Exemption on Sept. 17 for tokenized NMS stocks on qualifying onchain venues
- —NYSE and Blockchain.com signed an MOU covering tokenized U.S. stocks and ETFs, subject to regulatory approval
Why it matters: The rally shows investors betting on tokenization as a new infrastructure market, though execution, losses and valuation remain key risks for Securitize.
Source: CoinCentral