Securitize’s tokenized stock value halves as Circle widens lead
Summary
Tokenized Securitize shares (SECZ) fell from $430.4 million to $208.6 million in market capitalization between Sept. 28 and Sunday, mirroring a sell-off in the company’s NYSE shares. Citi downgraded the stock to Neutral on Oct. 13, citing concerns about tokenization revenue. Circle-linked tokens gained about 20% over the same period to $383.6 million, reclaiming the lead in the tokenized stock market. Securitize had launched its Solana stock trading platform on Oct. 8 and remains the largest individual tokenized stock, while Circle’s total is divided among products from multiple issuers.
