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The market capitalization of SECZ, a stock token issued by tokenized securities platform Securitize, fell by more than half in less than a month, Cointelegraph reported, citing Token Terminal data.
SECZ’s market cap dropped from a peak of $430.4 million on Sept. 28 to $208.6 million as of Oct. 25. Over the same period, the combined market cap of tokens tracking shares of USDC issuer Circle rose around 20% to $383.6 million, allowing Circle to reclaim the top spot in the tokenized equities market, according to the report.
As of Oct. 25, the total market capitalization of the tokenized stock market stood at around $3.3 billion.