Securitize said it is launching a new product called Securitize Stocks, bringing 12 U.S. equities including Apple, Nvidia, Tesla and Microsoft onto the Solana blockchain. The first batch also covers Amazon, Alphabet, Meta, Netflix, Circle, Strategy and Palantir. Each stock token is backed 1:1 by an underlying share, according to the company.
The structure keeps applicable shareholder rights such as dividends and voting rights, but the tokens represent a beneficial interest in the securities rather than direct ownership recorded on a company’s shareholder register. Securitize added that a conversion path may become available if tokenization is adopted by issuers.
The product will initially trade on Securitize’s existing Solana platform, with liquidity provided by Jump Trading and settlement handled in USDC. The company said the offering is also expected to list on the New York Stock Exchange’s planned 24/7 digital trading venue and the upcoming OKXICE tokenized securities platform, a joint venture between Intercontinental Exchange, the NYSE parent, and OKX. Both venues remain subject to listing and regulatory requirements.
Tokenization company Securitize said it is launching a new product called Securitize Stocks, bringing 12 U.S. equities including Apple, Nvidia, Tesla and Microsoft onto the Solana blockchain, according to ChainCatcher.
Securitize Stocks launches on Solana
The first group of companies includes Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy and Palantir. Securitize said each stock token is backed 1:1 by an underlying share.
The company said the structure preserves applicable shareholder rights such as dividends and voting rights. At the same time, the tokens represent a beneficial interest in the securities rather than direct ownership recorded on the company shareholder register. Securitize also said a conversion path may be offered if tokenization is adopted by issuers.
Trading, settlement and planned venues
The product will initially trade on Securitize’s existing Solana platform. Jump Trading will provide liquidity, and settlement will be done in USDC.
Securitize said the product is also expected to list on the New York Stock Exchange’s planned 24/7 digital trading platform and the forthcoming OKXICE tokenized securities venue. OKXICE is a joint venture between Intercontinental Exchange, the parent company of the NYSE, and OKX. Both venues are subject to listing and regulatory requirements.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
