SECZ’s onchain market cap fell to $208.6 million as Circle-linked tokens reached a combined $383.6 million across several issuers in the $3.3 billion tokenized equities market.
The value of tokenized shares of Securitize (SECZ) have lost more than half their value in less than a month as the gap with market leader Circle (CRCL) widens.
The market capitalization of SECZ tokens fell from a high of $430.4 million on Sept. 28 to $208.6 million by Sunday, according to Token Terminal. The NYSE-traded shares closed Friday down 2.1% at $7.80 apiece, with a market cap of $1.27 billion.
Tokens tracking Circle’s shares have gained about 20% in market value since Sept. 28 to reach $383.6 million, reclaiming the top spot in the $3.3 billion tokenized stock market.
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cointelegraph.com