Securitize to launch tokenized US stocks on Solana backed one-to-one by shares
Securitize Stocks will start with 12 companies and settle in USDC, with Apple and Nvidia named, according to The Block.
At a glance
Securitize is launching tokenized U.S. stocks on Solana, with each token backed one-to-one by the underlying share and settlement in USDC, according to The Block.
The product, Securitize Stocks, will start with 12 companies, and The Block names Apple, Nvidia and Strategy among them.
Tokenized equity supply rose 395% while onchain collateral reached $81 million, according to a RedStone report covered by The Defiant.
Securitize is launching tokenized U.S. stocks on Solana, with each token backed one-to-one by the underlying share and settlement in USDC, according to The Block.
The product, Securitize Stocks, will start with 12 companies, and The Block names Apple, Nvidia and Strategy among them. Other coverage of the same launch cites Tesla in place of Strategy. The tokens carry dividends, per The Block.
Tokenized equity supply and collateral
Tokenized equity supply rose 395% while onchain collateral reached $81 million, according to a RedStone report covered by The Defiant. The Defiant noted that leveraged equity exposure onchain sits almost entirely in perpetual futures rather than tokenized shares.
Two target venues, neither live
Securitize aims for NYSE's planned 24/7 platform and the OKXICE venue. Both are described as planned or targeted rather than operating, which means the tokens' route to secondary trading is not yet settled. A tokenized share listed on an ordinary exchange session inherits that session's hours, so the appeal of a 24/7 venue is structural rather than cosmetic.
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