Securitize Tokenizes Its Own Stock on Listing Day

• Securitize tokenizes its own NYSE stock on its first day public
• Strategy's Phong Le buys 11,000 STRC shares
• MGUSD, Explained: How MoneyGram Built a Stablecoin (Partner)
• Warren moves to bar the Trump family from crypto profits
• Voorhees defends Venice's token terms
• ENS DAO sunsets its Public Goods Working Group
• ZetaChain Bets on Private, User-Owned AI (Partner)

Securitize put its own newly listed common stock onchain the same day SECZ began trading on the NYSE, issuing tokenized shares on Avalanche and Solana through its regulated platform. The company, the tokenization engine behind BlackRock's BUIDL fund, went public this week via a Cantor SPAC, and is the first newly public firm to mirror its own equity as a token.

The move is as much demo as milestone: a public company whose product is tokenized securities, using itself as the reference implementation. If regulated onchain shares can trade alongside the NYSE listing without friction, Securitize turns its own cap table into the sales pitch. The test is liquidity — whether the tokenized shares trade, or simply exist.

Read more below!

WATCH

Is ENS DAO Dead? Nick Johnson Faces His Critics

The governance fight beneath today's ENS story, live. ENS co-founder Nick Johnson used his voting power to move the DAO's treasury under a foundation; delegate Alex Netto, who calls the plan "the downfall of ENS," debates him live, with delegate James Waugh joining after. Camila Russo hosts.

PARTNER

Why Wall Street's Biggest Traders Are Abandoning Crypto for Prediction MarketsA Defiant Voices sit-down with Peanut Trade's Alex Momot on why the world's biggest market makers are piling into prediction markets.▶ Watch on YouTube

The Wallet That Hides Your Crypto From Hackers — Bron Wallet Full DemoA full walkthrough of Bron, a self-custody wallet built to keep your holdings private — even from itself.▶ Watch on YouTube

TRADFI AND FINTECH

Securitize Tokenizes Its Own NYSE Stock SECZ on Its First Day as a Public Company

Securitize tokenized its own common stock the same day SECZ began trading on the NYSE, issuing shares on Avalanche and Solana through its regulated transfer-agent platform — the first newly public company to put its own equity onchain on listing day. Securitize, which runs tokenization for BlackRock's BUIDL fund, went public via a Cantor SPAC merger.

Why this matters: The tokenization platform is now its own proof of concept. A live, regulated onchain equity trading against an NYSE listing is the template every issuer will watch.

PEOPLE

Strategy CEO Phong Le Buys 11,000 STRC Shares Through Revocable Trust

Strategy CEO Phong Le bought 11,000 STRC preferred shares through a revocable trust at a weighted-average $90.80 on June 22, an SEC filing shows — an insider purchase of the same Series A perpetual preferred that has traded well below its $100 par through weeks of pressure. The buy lands days after the board authorized selling bitcoin to fund STRC dividends.

Why this matters: Insider buying is the strongest signal management can send with its own money. Le is wagering the preferred's discount reflects fear the balance sheet does not justify.

REGULATION

Warren Pushes to Bar Trump Family From Crypto Profits After $1.4B Disclosure

Senator Elizabeth Warren is pushing to add a provision to pending Senate crypto legislation barring President Trump, his family, and senior officials from profiting off digital assets, after a disclosure showed his crypto ventures earned more than $1.4 billion last year. The amendment would attach to the market-structure bill now moving toward a floor vote.

Why this matters: The conflict-of-interest fight is now bolted onto the bill crypto most wants passed. Warren is turning Trump's windfall into leverage over its timing.

MARKETS

ShapeShift's Voorhees Defends Venice Token Terms After Critics Call Deal Underpriced

ShapeShift founder Erik Voorhees pushed back on critics who called Venice's $65M Series A an underpriced token deal, arguing on X that the raise could bring in $131M for 6.5 million VVV tokens locked four years. The privacy-AI platform raised at a $1 billion valuation this week.

Why this matters: Token-priced venture rounds invite a public fairness audit that equity rounds never face. Voorhees is defending the math in the open because holders can see it.

BLOCKCHAINS

ENS DAO Sunsets Public Goods Working Group After 4.5 Years of Ecosystem Grants

ENS DAO wound down its Public Goods Working Group after 4.5 years, with a final term that committed $450,000 in USDC and 72.5 ETH to Ethereum infrastructure projects including Vyper, Argot Collective, and Remix Labs. The sunset lands amid a broader governance fight over the DAO's direction.

Why this matters: Even well-funded DAO grant programs are being pruned as governance tightens. ENS is narrowing focus while its founder and delegates spar over control.

Other Stories Worth Your Time

dYdX Launches Arcus, a DEX Pairing Stock Tokens With Perpetuals on Robinhood Chain — dYdX Labs founder Antonio Juliano launched Arcus, a DEX pairing tokenized stock trading with perpetual futures, built with Robinhood Crypto on Robinhood Chain.

Cosmos Labs Acquires Mintscan and Team (Partner) — Cosmos Labs acquired block explorer Mintscan and its team, bringing the ecosystem's most-used explorer in-house as it pushes a Korea expansion.

World Launches Onchain Prediction Market on Solana Through Phantom — World, the 'Trade Everything' platform unmasked in late June after two years anonymous, opened an onchain prediction market on Solana through Phantom, trading in Phantom's CASH stablecoin and resolving via Chainlink oracles.

Who Settles Wall Street? Inside DTCC's Move to Stellar (Partner) — The Defiant breaks down how DTCC, the depository that clears US securities, is bringing custodied assets onto Stellar, and why onchain settlement of traditional securities matters.

Trending on The Defiant

Robinhood Launches Robinhood Chain Mainnet, Adds Stock Tokens, Onchain Lending, and Agentic Crypto TradingBLOCKCHAINS

Cloudflare Launches Monetization Gateway for Stablecoin Payments via x402DEFI

Supreme Court Overturns Humphrey's Executor, Clearing Trump to Fire SEC and CFTC CommissionersREGULATION

Chinese Exile Miles Guo Sentenced to 30 Years for $1B Crypto Fraud SchemeSECURITY

New York Life Partners with Centrifuge on Tokenized Corporate BondsTRADFI