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Securitize surges after SEC paves path for tokenized stock trading

    ** Shares of tokenizing platform Securitize Corp  SECZ.N 
surge 21.2% to $9.42 on Thurs after U.S. SEC rolls out a
five-year exemption to allow cos to trade blockchain-based or
tokenized stocks and other securities
    ** Crypto-linked stocks including Robinhood  HOOD.O ,
Coinbase  COIN.O , Webull  BULL.O  and Bullish  BLSH.N  also
gain on Thurs
    ** Crypto industry says tokenizing securities could
revolutionize markets by enabling 24/7 trading, instant
settlement, boosting liquidity and reducing transaction costs
    ** In July, SECZ debuted on the NYSE after completing merger
with Cantor Fitzgerald-sponsored SPAC, Cantor Equity Partners II
    ** In March, SECZ and NYSE, part of Intercontinental
Exchange  ICE.N , announced collaboration to develop tokenized
versions of traditional financial securities
    ** SECZ shares off nearly 25% from their first-day close
(July 2) of $12.30
    ** Of 5 analysts covering the stock, 1 rates "strong buy", 4
rate "buy"; median PT $11, per LSEG data

    (Lance Tupper is a Reuters market analyst. The views
expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))

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