Securitize brings Apple, Nvidia and Tesla to Solana, with NYSE trading in the works
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Securitize is launching tokenized versions of 12 major U.S. stocks, including Apple, Nvidia, Tesla, and Microsoft, on the Solana blockchain. These tokens are backed one-for-one by the underlying shares and preserve shareholder rights such as dividends and voting. Initially, trading will occur on Securitize's PropAMM platform with liquidity from Jump Trading and settlement in USDC; plans exist to extend trading to the NYSE's digital platform and the OKXICE joint venture.
Why it matters
This development supports the growing trend of integrating traditional equities with blockchain technology to enable 24/7 trading, faster settlement, and new onchain financial uses. The launch coincides with regulatory advancements, such as the SEC's innovation exemption, which aims to facilitate tokenized securities within a compliant U.S. framework. The source highlights that this initiative helps maintain investor protections while broadening global access to equity investments.
Key context
Tokenization of stocks represents a shift by Wall Street firms toward blockchain markets to modernize equity trading infrastructure. The SEC's recent innovation exemption signals regulatory openness to such products, and joint ventures like OKXICE are positioning to offer regulated tokenized stock trading. Securitize's approach focuses on linking tokens to actual shares and their economic rights, rather than direct shareholder register ownership.
Key numbers and entities
Twelve U.S. companies are included, such as Apple, Nvidia, Tesla, Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy, and Palantir. Key participants include Securitize (issuer), Jump Trading (liquidity provider), RQD (clearing/custody/settlement), Ripple Prime (institutional use exploration), NYSE parent Intercontinental Exchange (ICE), and OKX (crypto exchange). The ticker mentioned is SECZ for Securitize.
What remains unclear
The exact timeline for listing on the NYSE and OKXICE platforms is unspecified and contingent on regulatory approval and platform launches. Details on how conversion to direct ownership may be implemented if issuers adopt tokenization are not provided. The extent of market participation, trading volume expectations, and investor protection mechanisms remain undefined in the source.