Securitize surges after SEC paves path for tokenized stock trading

** Of the five analysts covering the stock, one rates it "strong buy" and four rate it "buy," with a median price target of $11, according to LSEG data.

** In July, SECZ debuted on the NYSE after completing a merger with Cantor Fitzgerald-sponsored SPAC Cantor Equity Partners II.

** In March, SECZ and NYSE, part of Intercontinental Exchange (ICE.N), announced a collaboration to develop tokenized versions of traditional financial securities.

** SECZ shares are down nearly 25% from their first-day close of $12.30 on July 2.

** Shares of tokenizing platform Securitize Corp (SECZ.N) surged 21.2% to $9.42 on Thursday after the U.S. SEC rolled out a five-year exemption to allow companies 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 gained on Thursday.

** The crypto industry says tokenizing securities could revolutionize markets by enabling 24/7 trading, instant settlement, boosting liquidity and reducing transaction costs.