Currenc Group Inc. Taps Securitize to Tokenize Common Stock
Currenc Group Inc. says it will use Securitize to tokenize its common stock, enabling 24/7 trading, fractional ownership, DeFi protocol access, and algorithmic trading onchain.
Fact Check
The fetched PANews article, titled "Securitize为Currenc普通股提供链上代币化服务 | PANews," directly states that Currenc Group Inc. will use Securitize to tokenize its ordinary/common shares and specifically mentions the claimed features: 24/7 trading, fractional ownership, DeFi protocol access, and algorithmic trading. That article also cites "Securitize tapped to tokenize Currenc's ordinary shares" on The Block as its original source. However, direct fetching of the The Block page failed in this run, and independent web/X corroboration attempts did not return additional usable evidence. So the core claim is supported, but confidence is limited by the lack of a successfully fetched primary source.
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Summary
Currenc Group Inc. announced plans to tokenize its common stock through Securitize. According to the company, the move is intended to support 24/7 trading, fractional ownership, access to DeFi protocols, and algorithmic trading. The announcement also states that Currenc is the first company to disclose a tokenization plan after the NYSE selected Securitize to build a 24/7 onchain securities platform.
Terms & Concepts
- tokenize: To represent a real-world asset, such as company stock, as a digital token on blockchain-based infrastructure.
- DeFi: Short for decentralized finance, a set of blockchain-based financial applications that operate without traditional intermediaries.
- onchain: A term describing activity or assets recorded directly on a blockchain network.