Securitize debuts tokenized US stocks on Solana, eyes NYSE listing later
Tech & Launches ·
A BlackRock-linked tokenization firm has opened trading of 12 major company stocks as blockchain tokens, with exchange-level listings still pending regulatory clearance.
Securitize has rolled out a product called Securitize Stocks, putting shares of Apple, Nvidia, Tesla, Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy and Palantir onto the Solana network, according to coindesk.com. Each token is backed one-for-one by an actual underlying share rather than representing synthetic exposure, a structure the company says keeps dividend payments and voting entitlements intact for holders.
Trading has started on Securitize's own PropAMM platform, where Jump Trading is supplying liquidity and settlement runs through the USDC stablecoin, a mechanism confirmed by theblock.co. RQD is handling clearing, custody and settlement links back to conventional securities infrastructure, while Ripple Prime has signaled interest in exploring institutional applications for the tokenized shares.
Beyond the initial Solana venue, Securitize has outlined plans to extend trading to the New York Stock Exchange's forthcoming round-the-clock digital platform and to the OKXICE Tokenized Securities Venue, a joint effort between ICE, which owns NYSE, and the OKX exchange. Both expansions hinge on those platforms actually launching and clearing applicable regulatory hurdles, so neither listing is confirmed yet.
The timing coincides with a broader regulatory shift: the SEC introduced an "innovation exemption" last month aimed at giving new blockchain-based trading venues for tokenized securities a clearer path to operate, a dynamic also covered by decrypt.co. That exemption underpins the broader push among Wall Street players to move equities onto blockchain rails in pursuit of continuous trading hours, quicker settlement, and the possibility of using tokenized shares as collateral in onchain lending.
Securitize has stressed that the tokens confer security entitlements rather than direct registration on a company's shareholder ledger, though it has left open the possibility of future conversion if issuers themselves adopt tokenization. What remains unsettled is the timeline for NYSE and OKXICE access, since both depend on venues that have not yet launched, and on whether regulators ultimately sign off on the frameworks those platforms would operate under.