On July 2, Securitize, a crypto firm specializing in asset tokenization, went public and saw its stock rise by 3% on its debut. The company raised $400 million following its merger with a special-purpose acquisition vehicle. On July 4, Securitize tokenized $295 million in stock on the Solana blockchain at the time of its IPO. However, on July 7, BlackRock-backed Securitize saw its share price drop by 40% following its public market debut.
