Cryptoupdated 1h ago2 min read
Securitize Launches Tokenized U.S. Stocks on Solana, Stock Jumps More Than 10%
Securitize launched tokenized U.S. stocks on Solana, initially 12 names with 1:1 backing. Tokens preserve dividends and voting rights, backed 1:1 by underlying shares.
Tokenized stocks on Solana
Securitize launched Securitize Stocks on the Solana network, and the firm said its stock price jumped more than 10% after the tokenized U.S.-listed stock service went live. Securitize said 11 tokenized stocks, including Apple, Nvidia, Microsoft and Tesla, are linked 1-for-1 to the underlying shares while preserving dividend rights and voting rights. Securitize Stocks initially cover 12 companies, including Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy and Palantir, and Securitize’s press release was shared Thursday.
Securitize said trading would initially be available outside regular market hours through its registered broker-dealer platform, with settlement taking place in USDC on the Solana network and Jump Trading serving as the liquidity provider. Securitize expects the shares to be traded on the New York Stock Exchange market-friendly digital trading platform 24/7 and the upcoming OKX ICE Tokenized Securities Platform, with both expansions subject to launch by their respective markets and to regulatory requirements.
Rights, entitlements, and liquidity
Securitize said the tokens represent security entitlements under Article 8 of the Uniform Commercial Code and preserve applicable shareholder benefits, including dividends and voting rights. Each equity token will be backed by a real share and will preserve shareholder benefits and rights, including dividends and voting rights. Cointelegraph said Securitize planned to make the assets available on tokenized securities platforms being developed by the New York Stock Exchange and OKXICE, though neither has set a launch date.
Jump Trading would provide liquidity and trades would settle in the USDC stablecoin, while it also described RQD as supporting the clearing, custody, and settlement infrastructure that connects tokenized shares to traditional stock markets. Ripple Prime plans to support the launch and explore incorporating the assets into its institutional trading services, while Aave was identified as a potential venue for using the stocks as collateral.
Expansion plans and SEC path
Securitize said it plans to expand trading to 24/7, and Cointelegraph described the timeline as a plan to expand to 24/7 trading on an unspecified timeline. The Securities and Exchange Commission (SEC) issued an “innovation exemption” last month to pave the way for new securities trading platforms built on blockchain infrastructure. Securitize is based in Florida and founded in 2017, and the firm has currently issued $4.5 billion in tokenized assets.
The OKX-ICE joint venture filed a request to introduce tokenized stock trading under the SEC regulatory framework, and it framed the move as a sign of growing interest from established exchanges in blockchain-based stock markets. Securitize’s shares had risen about 54% over the past month after announcing cooperation with LG CNS on tokenized funds, stocks and stablecoins.