Tokenized asset platform Securitize launches on-chain trading for U.S. stocks

The tokenized asset platform Securitize announced the launch of Securitize Stocks, providing on-chain trading access to a portion of U.S. stocks for qualified investors in the U.S., EU, and other approved jurisdictions. The first batch of underlying assets includes securities corresponding to AAPL, MSFT, NVDA, GOOG, TSLA, META, AMZN, NFLX, CRCL, SPCX, MSTR, and PLTR, initially traded on Solana through its registered broker-dealer and settled in USDC.

Securitize stated that each token is backed 1:1 by the underlying shares and represents a security interest under Section 8 of the U.S. Uniform Commercial Code, retaining dividends and voting rights where applicable, and the shares supporting the tokens will not be lent out. The product adopts a convertible equity token structure, allowing investors to convert their security interests into shares registered on the issuer's transfer agent's roster after the issuer-led tokenization is advanced. Secondary market trading is provided in a regulated manner through its broker-dealer, without relying on exemptions, and is consistent with the U.S. Securities and Exchange Commission's guidelines on tokenized securities.

The product is also expected to trade in the 24/7 digital trading venue being developed by the New York Stock Exchange, as well as in the tokenized securities trading venue OKXICE, in collaboration with Intercontinental Exchange, depending on the venue's launch and related regulatory and operational requirements. Upon launch, Jump Trading will act as the market maker through Securitize's existing Solana PropAMM; the initial trading period will cover extended hours, with plans to gradually expand to all-day trading. Ripple Prime plans to support the product launch.