The monetization of United States stocks is moving from a secondary market to a more formal distribution chain. Cantor Fitzgerald worked with Securitize to plan to assist enterprises to issue shares directly in the IPO chain, rather than simply providing a chain-based token.
The focus is on the original chain.
Most of the monetized shares currently on the market are in the form of “packaging”. The relevant agencies buy real shares and place them in special purpose carriers, and then issue chain-based tokens corresponding to the value of the shares. Robinhood, Kraken, etc. used this path.
By contrast, Securitize promotes a distribution pattern on the primary chain, where enterprises place their shares on the block chain when they issue shares. This approach is more demanding in terms of technology, compliance and distribution processes, and therefore remains low at this stage.
Cases are still limited at this stage
According to Fortune, the number of companies that actually issue shares on the original chain remains small, including Galaxy, Figure and Securitize itself. As a result, Cantor Fitzgerald worked with Securitize this time as a new development in the chain of securities infrastructure.
According to Ben Boehmke, the head of the Cantor stock strategy, the company chose Securitize, in part because the latter placed greater emphasis on compliance priorities. He expected that in future, more starters of encrypted original background would be willing to try to issue shares on the chain in companies that would be listed through Cantor.
IPO will be extended beyond IPO.
Boehmke indicates that such an attempt does not necessarily require the whole IPO chain to be upgraded. Some issuers may pay only 5 per cent to 10 per cent of their share of distribution, and be market-oriented in the form of monetization, with potential buyers, in particular, such institutions as hedge funds, which are more familiar with transactions in digital assets.
He added that Cantor ' s subsequent chain-based stock operations would not be limited to IPOs, but would also cover other original chain-based distribution scenarios, such as subsequent increases. This means that the application of tokenized shares may extend from first issuance to more complete equity financing processes.
Regulatory improvements remain a precondition for Quantification
It was mentioned that more complete regulatory support was still needed if the chain-based primary stock model was to be truly scaled up. In contrast, some synthetic chain stock products are currently in circulation in markets such as Brazil and South Africa, with relatively limited regulatory constraints.
Securitize, for its part, believes that as the regulatory system evolves, more publicly listed company management may carefully assess chain-based equity options. Some enterprises have noticed that there are chain-based synthetic versions of their shares in the market, which may also drive them to switch to regulated primary-chain alternatives.