Securitize Shares Surge After Launching Tokenized US Stocks On Solana
Shares of Securitize, Inc. (NYSE:SECZ) rose in after-hours trading following the announcement of a new product called Securitize Stocks. The Miami-based tokenization firm is launching 12 major U.S. stocks on the Solana (CRYPTO:SOLUSD) blockchain network, allowing eligible investors in the U.S., European Union, and other permitted regions to trade them. The stock closed regular trading on Thursday up 11.05% at $12.66 and jumped another 9.92% to $13.92 after hours.
This launch marks a significant step in bringing traditional equities onchain. The initial lineup includes major companies like Apple Inc., Nvidia Corp., and Tesla Inc. These tokens are backed one-to-one by the actual underlying shares and will trade on the company's registered broker-dealer platform. Transactions on the network will be settled using the stablecoin USDC (CRYPTO:USDCUSD).
Investors will likely watch the adoption rate of these tokenized assets among eligible participants and whether Securitize expands the service to more jurisdictions or adds more stocks to its initial 12-asset lineup. The performance of the Solana network in handling these transactions and the regulatory reception of onchain stock trading will also be key factors to monitor.
Key points
- Securitize introduced Securitize Stocks to bring 12 major U.S. equities onchain using the Solana blockchain.
- The tokenized shares are backed 1:1 by underlying stocks and will settle transactions using the USDC stablecoin.
- SECZ shares rose 9.92% to $13.92 in after-hours trading on Thursday, following an 11.05% gain during the regular session.
- Eligible investors in the U.S., EU, and other permitted jurisdictions can trade the tokens on Securitize's registered platform.
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Which stocks are included in the Securitize Stocks launch?
The initial lineup includes Apple Inc., Microsoft Corp., Nvidia Corp., Alphabet Inc., Tesla Inc., Meta Platforms Inc., Amazon.com Inc., Netflix Inc., Circle Internet Group Inc., Space Exploration Technologies Corp., Strategy Inc., and Palantir Technologies Inc.
How are the tokenized stock transactions settled?
Transactions for the tokenized assets are settled using the stablecoin USDC on the Solana blockchain.
Who is eligible to trade these tokenized assets?
Eligible investors in the United States, the European Union, and other permitted jurisdictions can trade these tokenized shares on Securitize's registered broker-dealer platform.