Issuer-native common stock, the same class that trades on the NYSE
Securitize put its own NYSE common stock (SECZ) onchain from listing day: the token is the listed share itself, not a separate class, registered via Form S-4. Securitize is also its own transfer agent, broker-dealer and ATS, and hosts Exodus (EXOD) and Currenc (CURR). Only eligible US investors who pass KYC on its platform can buy. There is no custody layer or backing, because the token is the share.
KYC on Securitize's platform, eligible US investors only
Issued by the transfer agent to registered wallets; 0.10% fee each way
Receiver must be a registered wallet with an investor id; Solana accounts start frozen
Securitize Markets ATS and its own swap program, not open DEXs
None; only via vaults registered under an investor id, none exist for SECZ