Securitize adds Stellar blockchain as institutional tokenization gathers steam

Securitize, a firm specializing in turning real-world assets into tradable tokens, has expanded its blockchain support to include Stellar. This addition comes as tokenization, the process of bringing assets onto a blockchain, gains traction among institutional investors. Securitize already collaborates with Ethereum, Solana, and Avalanche and is renowned for issuing and managing BlackRock’s BUIDL tokenized money-market fund.

Stellar is celebrated for its speed and scalability, allowing for easy configuration of decentralized assets for KYC, clawbacks, and sanctions compliance. Notable users of the Stellar network include Franklin Templeton, which operates a tokenized money market fund on the platform, and MoneyGram, which facilitates cross-border transactions daily.

According to Securitize CEO Carlos Domingo, the Stellar network boasts the fourth-largest ecosystem for tokenized real-world assets, a testament to its network strength and the increasing institutional interest in tokenization. Stellar made its stock debut on the New York Stock Exchange in July, trading on Solana (SOL) and Avalanche (AVAX) platforms. The shares soared to a high of $13.70 on their first day of trading, settling at $xx.xx by Tuesday.

Notably, Stellar went public on July, listing its shares on Solana and Avalanche. The company's shares experienced a significant climb, reaching a peak of $13.70 on their market debut before settling at $xx.xx by Tuesday. Stellar's financial performance is bolstered by diversified RWA stablecoins, which offer yields ranging from 5-7% from real credit, in contrast to the recent compression of crypto funding to around 4%.

The company's projected total addressable market (TAM) is expected to reach $4 billion within three years.