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AI summary of a third-party reportBearishNewsDesk

Securitize tokenised stock value halves as Circle-linked tokens retake lead

The market value of tokenised Securitize shares fell from $430m on 28 Sept to $209m, while tokens tracking Circle climbed about 20% to $384m, Cointelegraph reports.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: Securitize tokenised stock value halves as Circle-linked tokens retake lead
Image: Cointelegraph
Original reporting: Yohan Yun, Cointelegraph

Key points

  • SECZ tokens fell from a $430m market cap on 28 Sept to $209m, according to Token Terminal
  • Circle-linked tokens rose about 20% since 28 Sept to $384m, led by Binance's CRCLb at $154m
  • Citi cut SECZ from Buy to Neutral on 13 Oct over concerns about tokenisation revenue

The value of tokenised Securitize shares has more than halved in under a month, widening the gap with Circle-linked tokens in the tokenised stock market, Cointelegraph reports. Token Terminal data put the market capitalisation of SECZ tokens at $209m, down from a peak of $430m on 28 Sept.

Tokens tracking Circle's shares gained about 20% in market value over the same period to reach $384m, retaking the top spot in a tokenised stock market worth $3.3bn. Circle's total is spread across products from several issuers, with Binance's CRCLb on BNB Chain the largest at $154m. SECZ remains the biggest single tokenised stock.

Read the full story on Cointelegraph

Live updates on NewsFeeds:StablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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