Securitize stock jumps over 10% after launching tokenized US equities on Solana
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Securitize shares rose about 10% following the launch of tokenized versions of major US stocks on the Solana blockchain. This new product, called Securitize Stocks, includes tokenized shares of companies like Apple, Nvidia, Microsoft, and Tesla, each backed one-for-one by underlying shares and offering dividend and voting rights. Trading will initially occur during extended market hours via Securitize’s registered broker-dealer platform.
Why it matters
The launch enables eligible investors to access tokenized equities preserving shareholder benefits, potentially expanding market participation and liquidity. The tokens settle in USDC on Solana with market-making liquidity from Jump Trading, and plans exist to extend trading hours and add these assets to platforms being developed by the NYSE and OKXICE. The source suggests these tokens might also integrate into institutional trading and decentralized lending platforms, though details remain preliminary.
Key context
Securitize recently signed partnerships to explore tokenized funds and equities in South Korea and Dubai, reflecting broader corporate expansion in tokenization. Tokenized real-world assets have grown substantially, with distributed asset value (excluding stablecoins) rising from $25.36 billion to $38.88 billion over the past year according to RWA.xyz. This represents a growing interest in blockchain-based securities linked to traditional assets.
Key numbers and entities
Securitize (SECZ) shares climbed about 10% on the launch day and gained roughly 54% over the past month. Tokenized stocks include Apple, Nvidia, Microsoft, Tesla, among others. Trading liquidity is provided by Jump Trading, with Ripple Prime and Aave identified as potential partners for institutional support and collateral use. RWA.xyz reports distributed asset value of $38.88 billion in tokenized assets excluding stablecoins.
What remains unclear
The timeline for expanding trading to 24/7 hours and the exact launch dates for inclusion on NYSE and OKXICE tokenized platforms are unspecified. Details about Ripple Prime’s role and whether the tokenized equities will be widely available beyond eligible investors are not provided. The long-term regulatory implications and user adoption rates are also not addressed in the source.