New Delhi, July 3 -- NEW YORK - The first day of trading for Securitize on the New York Stock Exchange was unremarkable in every conventional sense. Shares of the tokenization company rose 10 percent following its debut via SPAC merger with Cantor Equity Partners II, finishing the session with a market capitalization that reflected the optimism typical of a first trading day.

What made Thursday different was what happened simultaneously, on blockchains no stock market participant had to engage with to profit from the IPO.

Before the close of the first session, $295 million in Securitize stock was documented as held in tokenized form on Solana and Avalanche, according to blockchain data tracked by RWA.xyz. The shares in those wallets wer...