Svmuu News: Securitize shares are expected to begin trading on the New York Stock Exchange on Thursday under the ticker symbol SECZ. Securitize is a BlackRock-backed tokenization company that has helped firms such as BlackRock issue securities on-chain.

Securitize President Brett Redfearn said that bringing real-world assets onto the blockchain allows investors to control assets in digital form and reduces intermediaries in traditional business operations. Citing stock lending as an example, he noted that Robinhood currently retains about 85% of the related revenue, while Charles Schwab splits the revenue equally with users.

Redfearn believes that DeFi can offer investors in the tokenized securities ecosystem more ways to utilize their assets, but that growth in this area also depends on development by external developers. Robinhood is expected to launch a new product on Wednesday; Compass Point analyst Ed Engel previously stated that this may include DeFi-compatible tokenized stocks.