Securitize Launches Tokenized Stocks on Solana Blockchain
- Securitize is introducing tokenized shares of major companies like Apple, Nvidia, and Tesla on the Solana blockchain.
- The product, named Securitize Stocks, will initially include shares from 12 companies such as Microsoft and Amazon.
- Trading will first occur on Securitize’s existing Solana-based platform, with liquidity provided by Jump Trading.
- Transactions will settle in USDC stablecoin, enhancing trading efficiency.
- Future trading is planned for the NYSE’s digital platform and the OKXICE Tokenized Securities Venue.
This initiative aligns with Wall Street’s efforts to integrate traditional equities into blockchain markets, facilitating continuous trading and quicker settlements. The introduction of tokenized stocks may also enable their use as collateral in onchain lending markets.
Securitize’s launch of tokenized stocks includes major firms like Apple and Nvidia, marking a significant step towards integrating traditional finance with blockchain technology.(Source)
