Securitize Brings Major U.S. Stocks to Solana Network
Tokenization firm Securitize is bringing shares of Apple, Nvidia, Tesla and nine other companies to Solana with plans for NYSE trading.
Update (Oct 8, 14:14 UTC): Securitize has officially launched the offering on Solana, enabling 1-1 backing by real shares alongside dividend support and USDC settlement.
Tokenization firm Securitize is bringing 12 U.S. stocks, including Apple, Nvidia, Tesla and Microsoft, onto the Solana blockchain, according to a press release shared with CoinDesk. The tokens are backed one-for-one by underlying shares and structured to preserve economic benefits and shareholder rights.
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Platform and Infrastructure
Trading will initially take place on Securitize's Solana-based platform, with Jump Trading providing liquidity and transactions settling in the USDC stablecoin. RQD will support the clearing, custody and settlement infrastructure connecting the tokenized shares to traditional securities markets, while Ripple Prime plans to explore institutional uses for the assets.
Initially, eligible investors in the United States, Europe and other permitted markets will be able to trade the assets during extended market hours, with plans to expand to 24/7 access.
Future Expansion and Regulation
Further plans include expanding the tokenized shares to the New York Stock Exchange's planned 24/7 digital trading platform and the upcoming OKXICE Tokenized Securities Venue, a joint venture between NYSE parent Intercontinental Exchange and crypto exchange OKX. Both expansions remain subject to the venues launching and meeting regulatory requirements.
The launch coincides with regulatory developments, as the Securities and Exchange Commission recently rolled out an innovation exemption to open a path for new tokenized securities trading venues built on blockchain rails.
Key facts
- Securitize is bringing 12 U.S. stocks, including Apple, Nvidia, Tesla and Microsoft, onto Solana.
- Tokens are backed one-for-one by underlying shares and designed to preserve shareholder rights including dividends and voting.
- Initial trading occurs on Securitize's Solana platform with Jump Trading providing liquidity and USDC settlement.
- Future trading is planned for the NYSE's digital platform and the OKXICE Tokenized Securities Venue.
Source: coindesk.com
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