Securitize stock jumps over 10% after launching tokenized US equities on Solana

Introduction

Securitize has launched a new tokenized US equities offering on Solana, giving eligible investors access to shares of 12 major US companies with dividend and voting rights. The company's shares jumped over 10% in response to the launch, which also includes plans for round-the-clock trading and exploration of broader uses for the tokenized equities.

Market Reaction

Securitize shares climbed about 10% Thursday as the company launched tokenized versions of major US stocks on Solana, offering eligible investors exposure to equities backed by underlying shares with dividend and voting rights. The new offering, called Securitize Stocks, includes tokenized shares of Apple, Nvidia, Microsoft, Tesla and eight other US-listed companies.

Trading and Settlement

The tokens are backed one-for-one by underlying shares and will initially trade during extended market hours through Securitize’s registered broker-dealer platform, according to Thursday’s announcement. The tokens represent security entitlements under Article 8 of the Uniform Commercial Code and preserve applicable shareholder benefits, including dividends and voting rights.

Expansion and Partnerships

The company also plans to make the assets available on tokenized securities platforms being developed by the New York Stock Exchange and OKXICE, though neither has set a launch date. Beyond trading, the company is exploring broader uses for the tokenized equities. Ripple Prime plans to support the launch and explore incorporating the assets into its institutional trading services, while decentralized lending platform Aave has been identified as a potential venue for using the stocks as collateral.

Market Trends

Thursday marked the second sharp intraday rally for Securitize shares this week. The stock climbed nearly 8% in early trading Tuesday, when the company announced a partnership with South Korean technology firm LG CNS to explore tokenized funds, equities and stablecoins for financial institutions. Securitize shares have gained roughly 54% over the past month, according to Yahoo Finance data.