Securitize Launches Tokenized US Stocks on Solana, Shares Surge
- Securitize shares rose approximately 10% following the launch of tokenized versions of major US stocks.
- The new offering, named Securitize Stocks, includes tokenized shares of Apple, Nvidia, Microsoft, and Tesla.
- Tokens are backed one-for-one by underlying shares and will initially trade during extended market hours via a registered broker-dealer platform.
- Trading will settle in USDC on Solana with liquidity provided by Jump Trading.
- Securitize plans to expand trading to a continuous model and explore broader uses for these tokenized equities.
- The company has gained about 54% in share value over the past month amid growing interest in tokenized real-world assets.
The launch of Securitize Stocks represents a significant step in integrating traditional equities with blockchain technology, allowing investors to benefit from dividends and voting rights through tokenization. This initiative aligns with the increasing value of distributed assets, which reached $38.88 billion recently.
With Securitize’s stock climbing nearly double digits this week alone, it highlights a strong market reaction to innovative financial products like these tokenized equities.(Source)
