Tokenized stocks · Securitize SECZ

SECZ

Securitize Corp. tokenized shares (Solana deployment) · Stock

You own the registered share itself, subject to the official shareholder register.Eligible holders can redeem through the issuer. The issuer or its operator can reclaim, freeze or pause tokens on-chain.

What you own

Claim depth
rung 4 of 4 — registered share
Legal form
Registered share
§
confirmed
we enabled Tokenized SECZ, a natively tokenized version of our common stock. Tokenized SECZ is not a separate…
www.sec.gov · p. 47, tokenization risk factor, first sentence… · read
What the holder owns
The holder owns the actual registered common share. The S-1 risk factor is unambiguous on two points at once…
§
confirmed
Once the transfer is verified, the transfer agent records you as the registered owner of the shares.
stocks.securitize.io · stocks.securitize.io tokenize instructions for… · read
Issuing entity
Securitize Corp., a Delaware corporation (EDGAR CIK 0002094496, SIC 6199 Finance Services), formed via the…
§
confirmed
"name":"Securitize Transfer Agent, LLC","tickers":[],"exchanges":[],"ein":"000000000","lei":null,"description"…
data.sec.gov · data.sec.gov submissions for CIK 0001782266… · read
Jurisdiction
Delaware corporation, principal operations United States. All regulated…
§
confirmed
“Securitize” means Securitize Corp. (f/k/a Securitize Holdings, Inc.), a Delaware corporation, following the…
www.sec.gov · Frequently Used Terms, definition of… · read
Governing law
Delaware General Corporation Law governs the common stock and the share…
§
confirmed
Holders of Securitize Common Stock are entitled to one vote per share on matters to be voted on
www.sec.gov · p. 121, Description of Securities, Common Stock · read
Regulatory status
The most heavily regulated of the three Solana-native issuers examined, and the only one where the…
§
confirmed
Access to Tokenized SECZ is restricted to holders who meet the onboarding requirements of Securities Markets…
www.sec.gov · p. 47, tokenization risk factor · read
Redemption
yes — Holders who have completed the broker-dealer onboarding: 'Access to… · rails: Bidirectional switching between forms is asserted in one subordinate… · fees: unknown
§
confirmed
While holders of SECZ may elect to switch between tokenized SECZ and nontokenized SECZ, the simultaneous…
www.sec.gov · p. 47, tokenization risk factor · read
confirmed
Tokenized SECZ will be available to eligible investors in the United States through Securitize's regulated…
www.prnewswire.com · Securitize press release 2026-07-02, body… · read
contradicted-corrected
To move shares to your own name at the transfer agent, you will need to request your broker to transfer them…
stocks.securitize.io · stocks.securitize.io tokenize instructions for… · read
unverified
"unknown" is correct. No fee, cost or charge for switching between…
no URL recorded · searched: S-1 full text, 2026-07-02 press… · read
Transfer restrictions
allowlist yes · KYC to hold yes · US persons excluded no · mechanism program-mediated, per-token whitelist. On-chain: Token-2022 DefaultAccountState=Frozen (verified 2026-09-16), so every new SECZ token account is frozen at birth and only the freeze authority (8Twerer..., an apparent program PDA) can thaw it; plus PausableConfig for a global halt. Off-chain: the Securitize Connect API documents wallet whitelisting scoped to a specific token ('adds a wallet address to the whitelist of an specific token', requiring a tokenId, since 'in a given domain there may be multiple tokens'), with wallet statuses 'ready, pending, failed' and a 'not-authorised' response state. Notably the whitelist is NOT tied to a platform-hosted wallet: 'This is not required, as the whitelisting at token level does NOT require the wallet being registered at Securitize iD' — a self-custodied address can be whitelisted directly. Contractually: 'Tokenization changes the form of ownership; it does not change the underlying nature of the share or override applicable legal, contractual or transfer restrictions', and specific Avalanche holdings carry business-combination lock-ups. US persons are the TARGET market here ('eligible U.S. investors'), which inverts the usual tokenized-equity geofence.
§
confirmed
This operation basically is set to add a wallet address to the whitelist of an specific token, and since in a…
sec-connect-api-docs.securitize.io · Securitize Connect API docs, Wallets page… · read
confirmed
Access to Tokenized SECZ is restricted to holders who meet the onboarding requirements of Securities Markets…
www.sec.gov · p. 47, tokenization risk factor · read
confirmed
Tokenized SECZ will be available to eligible investors in the United States through Securitize's regulated…
www.prnewswire.com · Securitize press release 2026-07-02, body… · read
confirmed
This is not required, as the whitelisting at token level does NOT require the wallet being registered at…
sec-connect-api-docs.securitize.io · Securitize Connect API docs, Wallets page… · read
Dividends
none
§
confirmed
Securitize does not anticipate paying cash dividends in the foreseeable future. Any decision to declare and…
www.sec.gov · p. 47, risk factor 'Securitize is not expected… · read
Voting
full
§
confirmed
Holders of Securitize Common Stock are entitled to one vote per share on matters to be voted on
www.sec.gov · p. 121, Description of Securities, Common Stock · read
Ledger maturity
Level 0 · score -2

Reference & premium

Underlying market
closed

After-hours premium

No session split yet — this needs a full session of tape on both sides of the underlying market's open.

Depth, volume, activity

Venues
0 DEX pair(s) · 0 exchange market(s)

Holder concentration

Top 1 / 5 / 20, unlabelled owners only
87.9% / 98.8% / 99.9%
Top 1 / 5 / 20, raw
87.9% / 98.8% / 99.9%
Distinct owners in the top 20
20
Frozen accounts in the top 20
0
Supply
148,998.00
OwnerShare
Hv8FoJ…vJdp87.87%
HUyo5a…ihFx8.99%
8g3tpW…m6n70.88%
B7pjGL…SU9i0.68%
GtUsDU…ibuK0.39%

Control surface & key governance

Clawback
yes
Freeze authority
8Twere…PbQs
Pausable
yes
Paused right now
no
Allowlist
yes
Transfer hook
no
Mint authority
Program
§
confirmed
{"context":{"apiVersion":"4.3.0-rc.0","slot":447827112},"value":null}
no URL recorded · rpc:getAccountInfo 8TwererfKZwiBfKQs2bQmVRrezqeF… · read
Freeze authority held by
Program
§
confirmed
{"context":{"apiVersion":"4.3.0-rc.0","slot":447827112},"value":null}
no URL recorded · rpc:getAccountInfo 8TwererfKZwiBfKQs2bQmVRrezqeF… · read
Permanent delegate
Hot key
§
contradicted-corrected
owner 11111111111111111111111111111111, lamports 499971639, space 0, executable false
no URL recorded · rpc:getAccountInfo D2kGPFTyGSeeTSCA1kEzKZNrdMvYK… · read
Rebase authority
Hot key
§
confirmed
"extension":"scaledUiAmountConfig","state":{"authority":"D2kGPFTyGSeeTSCA1kEzKZNrdMvYKPLdZtrmAnnK6jCS","multip…
api.mainnet-beta.solana.com · rpc:getAccountInfo 5VzwKkvynPJzcgwhBe7ESEyNgqMbo… · read
Evidence
RPC getAccountInfo, 2026-09-16 (stocks/findings.md, Securitize entry): the mint and freeze authority…

Verification

Strength
5 of 5 — register
Type
Transfer agent register
§
confirmed
While tokenized securities may exist across multiple blockchains through authorized multichain issuance, such…
www.sec.gov · p. 31, risk factor on blockchain forks · read
Agent
Two transfer agents, and only the tokenized one is an affiliate. (1)…
§
confirmed
Securitize also serves as the exclusive digital transfer agent for tokenized securities issued on…
www.sec.gov · S-1, p. 87, MD&A — Quantitative and Qualitative… · read
Frequency
continuous, claimed — 'every transaction and ownership record is…
§
confirmed
Securitize is a regulated transfer agent and digital asset platform that issues, manages, and records…
www.sec.gov · p. 10, Prospectus Summary, Securitize overview · read
Machine-readable
no
Evidence
www.sec.gov/Archives/edgar/data/2094496/000162828026051182/secz-20260731.htm

Venues

DEX pools

No DEX pool reported.

Exchange markets

No exchange market reported.

Trust chain

Thirteen actors stand between you and the company, and nine rights flows run between them. A lane’s colour is how well the link is evidenced and its line style is how it was verified; neither is typed by hand. An actor nobody fills keeps its seat, because an empty one is the finding.

Trust chain — Securitize SECZ13 actors between a holder and the company, 9 rights flows drawn as lanes; colour is how well the link is evidenced, line style is how it was verified.HolderKYC-verified platform users, allowlistedwalletsWallet or venueSecuritize, Jupiter, NYSEToken program and keysno party namedToken issuerSecuritizeTokenization providerSecuritizeTransfer agentContinental Stock Transfer & TrustCompany, Securitize Transfer Agent LLCSecurity agent or trusteeno party namedCustodian or prime brokerFireblocksAttestor or oracleno party namedUnderlying companySecuritizeReference marketno party namedLaw, regulator and courtsSEC, FINRASolana networkno party namedOwnership of the underlying — documented evidence, attested verificationSecurity interest — asserted evidence, attested verificationIssuance and redemption — documented evidence, attested verificationTransfer and control — documented evidence, onchain verificationDividends and cash entitlements — documented evidence, onchain verificationVoting and information rights — documented evidence, attested verificationCorporate actions — documented evidence, onchain verificationPrice and reserve verification — documented evidence, attested verificationRegulatory permission and disclosure — documented evidence, attested verification
Colour — who said so
  • documented — the source’s own words, read and quoted
  • inferred — our reading of the structure, not the source’s words
  • asserted — written down, nobody has checked since
  • unknown — nothing found for the fields this link rests on
Line — how it was checked
  • onchain — read off the ledger
  • attested — a third party vouches for it
  • self-reported — only the issuer says so
  • none — not verifiable from where we stand
  • Ownership of the underlyingdocumented · attested

    Ownership of the underlying: Underlying company → Custodian or prime broker → Token issuer → Token program and keys → Holder. legalForm=registered-share…

    • legalFormconfirmed
    • holderClaimconfirmed
    • underlyingCustodianconfirmed
    • collateral.ratioinference
    • collateral.compositionconfirmed
  • Security interestasserted · attested

    Security interest: Token issuer → Security agent or trustee → Holder. securityInterest.exists=no; securityInterest.priority=none; bankruptcyRemote=yes

    • securityInterest.existsunverified
    • securityInterest.holderunverified
    • securityInterest.priorityunverified
    • bankruptcyRemoteinference
  • Issuance and redemptiondocumented · attested

    Issuance and redemption: Holder → Tokenization provider → Token issuer. redemption.available=yes; redemption.eligibility=Holders who have completed the…

    • redemption.availableconfirmed
    • redemption.eligibilityconfirmed
    • redemption.railscontradicted-corrected
    • redemption.feesunverified
    • redemption.kycconfirmed
    • redemption.minimumunverified
  • Transfer and controldocumented · onchain

    Transfer and control: Holder → Token program and keys → Tokenization provider. transferRestrictions.allowlist=yes; transferRestrictions.kycToHold=yes…

    • transferRestrictions.allowlistconfirmed
    • transferRestrictions.kycToHoldconfirmed
    • transferRestrictions.mechanismconfirmed
    • keyGovernance.freezeconfirmed
    • keyGovernance.delegatecontradicted-corrected
    • knownExtensionsno claim
  • Dividends and cash entitlementsdocumented · onchain

    Dividends and cash entitlements: Underlying company → Custodian or prime broker → Token issuer → Token program and keys → Holder. dividends=none…

    • dividendsconfirmed
    • corporateActionsconfirmed
    • keyGovernance.rebaseconfirmed
  • Voting and information rightsdocumented · attested

    Voting and information rights: Underlying company → Custodian or prime broker → Token issuer → Transfer agent → Holder. voting=full

    • votingconfirmed
  • Corporate actionsdocumented · onchain

    Corporate actions: Underlying company → Custodian or prime broker → Token issuer → Token program and keys → Holder. corporateActions=Securitize markets…

    • corporateActionsconfirmed
    • keyGovernance.rebaseconfirmed
  • Price and reserve verificationdocumented · attested

    Price and reserve verification: Reference market → Attestor or oracle → Wallet or venue → Holder. pricing.referenceMarket=exchange-nbbo…

    • pricing.referenceMarketconfirmed
    • pricing.arbitrageableconfirmed
    • custodyVerification.typeconfirmed
    • custodyVerification.agentconfirmed
    • custodyVerification.frequencyconfirmed
  • Regulatory permission and disclosuredocumented · attested

    Regulatory permission and disclosure: Law, regulator and courts → Token issuer → Tokenization provider → Holder. regulatoryStatus=The most heavily regulated of…

    • regulatoryStatusconfirmed
    • governingLawconfirmed
    • transferRestrictions.usPersonsExcludedconfirmed
    • documentsno claim

The fields behind each grade, with their values, on the issuer panel

What if…

31 documented4 inferred3 n/a

The same 38 questions are put to every issuer, so a gap is visible as a gap. An outcome is never invented. The quote behind each answer, the cases and where we looked are on the issuer panel.

Sources
  1. https://www.sec.gov/Archives/edgar/data/2094496/000162828026051182/secz-20260731.htm · archived copy
  2. https://securitize.io/disclosure/terms-of-service-transfer-agent
  3. https://stocks.securitize.io/tokenize/instructions?stock=SECZ&view=general&fromTransferAgent=1
  4. https://s3.us-east-2.amazonaws.com/securitizemarkets.io/compliance/SM+ATS+Subscriber+Manual+V2.0.pdf
  5. https://securitize.io/disclosure/terms-of-service
  6. https://securitize.io/disclosure/terms-of-service-markets

Full answers, with the quotes, the notes and where we looked, on the issuer panel

Health rules

CheckStatusValueThresholdsInputsWhat it says
Price trackingnot measured—≤ 1 % good · ≤ 3 % caution · > 3 % warningreference source: — · reference price: — · age seconds: — · market open: no · usd price: —no reference price for the underlying share, so the premium cannot be measured
Pool liquiditynot measured—≥ $100,000 good · ≥ $10,000 caution · < $10,000 warningliquidity usd: — · dex pairs: 0no venue reports liquidity
Organic flownot measured—≥ 10 % organic and ≤ 25 trades/trader good · one of the two fails caution · both fail warningorganic share pct: — · trades per trader: — · trades24: —no 24 h trade count reported, so there is no flow to judge
Failed swapsnot measured—≤ 20 % good · ≤ 50 % caution · > 50 % warningpools: — · pools counted: 0 · signatures seen: — · failed tx: —no swap pool was sampled for this mint
Holder concentrationwarning87.9≤ 25 % good · ≤ 50 % caution · > 50 % warningtop1 share pct excluding labels: 87.9 · top5 share pct excluding labels: 98.8 · top20 share pct excluding labels: 99.9 · top1 share pct: 87.9 · excluded: — · distinct owners top20: 20the largest unlabelled wallet holds 87.87 % of supply
Reserve verificationgood5strength ≥ 3 good · strength 1–2 caution · strength 0 warningcustody type: transfer-agent-register · machine readable: no · verification label: registerverification strength 5/5 — register
Authority keyscaution—a multisig or a program good · a hot key cautionmint: program · freeze: program · delegate: hot-key · rebase: hot-keydelegate, rebase authority held by a hot key
Trading pausegood—not paused good · paused warningcontrol paused: no · issuer api paused: —not paused
Frozen accountsgood0none in the top 20 good · ≥ 1 in the top 20 cautionfrozen accounts top20: 0 · top20 count: 20no frozen account in the top 20
Venue spreadnot measured—≤ 2 % good · ≤ 5 % caution · > 5 % warningvenue spread pct: — · venue spread low: — · venue spread high: — · venues priced: 0only 0 venue prices this token, so there is no spread to measure