Securitize Launches 1:1 Apple Stock Tokens on Solana
Securitize has launched 1:1-backed tokenized U.S. equities, including Apple, on Solana with USDC settlement.
Securitize launched Securitize Stocks on Thursday, introducing a line of tokenized U.S. equities including Apple, Microsoft, Nvidia, Tesla, Circle, Strategy, and Palantir. Apple shares traded at $337.56, up 0.26% on the day within a range of $335.90 to $338.34 and a volume of 6,532,310.
Trading opens on Solana through Securitize’s registered broker-dealer, with trades settling in USDC. Jump Trading provides market making through a PropAMM, an automated market maker run by a professional liquidity provider. Trading starts in extended hours, with plans to move to 24/7. The tokens are expected to list on the NYSE’s planned 24/7 digital venue and the OKXICE Tokenized Securities Venue, pending regulatory approval.
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Key facts
- Tokens are 1:1 backed by real shares held for investors under Article 8 of the Uniform Commercial Code.
- Holders receive dividends and, where applicable, voting rights, with underlying shares not being lent out.
- Ripple Prime and RQD* are supporting the infrastructure, while Aave founder Stani Kulechov noted future lending and collateral uses.
"Tokenized stocks should give investors more than a price on a wrapper that tracks a stock and is only offered offshore," said Carlos Domingo, Securitize’s chairman and CEO. The launch follows a five-year innovation exemption granted by the SEC for onchain trading of fully backed stock tokens.
Source: unchainedcrypto.com
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