Securitize Launches Tokenized U.S. Stocks on Solana, Stock Jumps More Than 10%: what 11 outlets left out

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.

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.