Tokenization platform Securitize launched a new product bringing tokenized U.S. stocks to crypto traders, with Solana as the initial network. The offering provides security entitlements to 12 major companies: Apple, Microsoft, Nvidia, Google, Tesla, Meta, Amazon, Netflix, Circle, Strategy, and Palantir.
Each token is backed one-to-one by an underlying share and represents a security entitlement under the Uniform Commercial Code. This structure preserves investor rights and economic benefits including dividends and voting rights where applicable. The backing shares will not be lent out, and holders can convert their entitlements into actual registered shares where issuers support the conversion.
Tokens will initially trade on Securitize's registered broker-dealer platform on Solana, settling in USDC stablecoin. Trading is available to eligible investors in the United States, European Union, and other permitted jurisdictions.
At launch, liquidity flows through Securitize's Solana-based automated market maker, with Jump Trading serving as market maker. Trading is currently available during extended hours, with a planned transition to 24/7 availability.
Securitize identified integration partners including Ripple Prime and Aave, enabling the tokens to be used across onchain lending and collateral markets.
The company indicated that its tokens are expected to trade on future venues including the NYSE's planned 24/7 offering and an OKX-ICE tokenized-securities platform, though neither has launched yet. The release reflects an accelerating competitive landscape, as multiple platforms from Coinbase to traditional exchanges have entered the tokenized-equities space.
