Currenc Group Inc., a company listed on the Nasdaq, announced on Wednesday that it has engaged the tokenization platform Securitize to tokenize its common stock. This partnership will allow the company’s shares to be traded around the clock and support fractional ownership, while paving the way for future integration with decentralized finance (DeFi) protocols and algorithmic trading strategies.
Securitize CEO Carlos Domingo stated that this move goes beyond simply putting stocks on the blockchain. "We are committed to building a new market structure that allows public equity assets to flow more efficiently on a global scale and achieve tighter interoperability with next-generation financial infrastructure."
This marks Securitize’s first public tokenization initiative following an invitation to collaborate on a project with the New York Stock Exchange (NYSE). Previously, the NYSE had commissioned Securitize to assist in the development of its own 24/7 tokenized securities platform.
As an industry pioneer, Securitize holds a dominant position in the tokenization space. According to industry data, the firm handles approximately 70% of the U.S. tokenization market, including major on-chain real-world assets (RWA) such as BlackRock’s BUIDL fund. In 2024, Exodus Movement Inc. also utilized Securitize to issue its Class A common stock on the Algorand blockchain, becoming one of the first publicly traded companies in the U.S. to experiment with such digital assets.
The Competitive Landscape of Tokenization
While Securitize maintains a leading market position, competition in the tokenization sector is intensifying. Its rival, SuperState, has successfully attracted publicly traded companies such as Galaxy, Forward, and SharpLink through its Opening Bell platform.
Unlike many custodial tokens that merely serve as underlying stock trackers, tokens issued by SuperState are designed to represent direct legal ownership on-chain. With Currenc joining the tokenization movement, market interest continues to grow regarding how traditional equity assets can leverage blockchain technology to achieve digitalization and optimized liquidity.
