Securitize said on Oct. 8 that 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 includes Amazon, Alphabet, Meta, Netflix, Circle, Strategy and Palantir. According to the announcement, each stock token is backed 1:1 by an underlying share. The structure preserves applicable shareholder rights such as dividends and voting rights, but the token represents a securities interest 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 in USDC. The company also said it expects the product to expand to the New York Stock Exchange’s planned 24/7 digital trading platform and to the upcoming OKXICE tokenized securities venue, a joint venture between Intercontinental Exchange, the NYSE parent, and OKX. Both venues remain subject to listing and regulatory requirements.
Securitize said on Oct. 8 that it is bringing 12 U.S. stocks, including Apple, Nvidia, Tesla and Microsoft, onto the Solana blockchain through a new product called Securitize Stocks.
The first group of names includes Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy and Palantir. Each tokenized stock is backed 1:1 by an underlying share. Securitize said the structure keeps applicable shareholder rights such as dividends and voting rights, while representing a securities interest rather than direct ownership on a company’s shareholder register. If tokenization is adopted by issuers, a conversion path may be offered.
The product will initially trade on Securitize’s existing Solana platform. Jump Trading will provide liquidity, and settlement will take place in USDC. Securitize said the product is also expected to expand to the New York Stock Exchange’s planned 24/7 digital trading platform and the upcoming 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.
