The decline fits into a pattern of recently-public digital asset companies sliding after debut, Arca's Jeff Dorman said.

Securitize tokenized stock hits $270 million, the largest onchain equity, as the tokenized equity sector's holders top 400,000.

Following its NYSE debut, Securitize CEO Carlos Domingo said the firm wants to expand its institutional tokenization platform rather than buy competitors.

Securitize goes public on the NYSE at $1.25B valuation, tokenizes $295M of its own stock, and manages $3.4B in tokenized assets including BlackRock's BUIDL

The decline fits into a pattern of recently-public digital asset companies sliding after debut, Arca's Jeff Dorman said.