Solana tokenized stocks launch with 12 U.S. shares

Solana tokenized stocks launch with 12 U.S. shares from Securitize

Securitize said at 9:00 a.m. ET on Oct. 8 that tokens for 12 U.S. stocks, including Apple and Nvidia, will trade on Solana and settle in USDC.

The quick take

Price: $SOL at $106.70, -8.2% ↓ in 24 hours, as of 1:41 p.m. ET, Oct. 8 (CoinGecko).
Trigger: Securitize launched Securitize Stocks on Solana, with each token backed by one real share.
Watch: Whether the planned NYSE 24/7 venue and the OKX-ICE venue open and add the tokens.

What happened

Solana tokenized stocks now cover 12 of the most widely held U.S. shares. Securitize, a tokenization firm listed on the New York Stock Exchange, launched Securitize Stocks on Solana ($SOL) on Thursday, Oct. 8, its press release says.

The first list names Apple, Microsoft, Nvidia, Alphabet, Tesla, Meta, Amazon, Netflix, Circle, SpaceX, Strategy and Palantir. The Block reported a shorter start: seven names first, with Circle, Strategy, SpaceX and Palantir expected to follow.

Trading begins on Securitize’s own broker-dealer platform on Solana, and trades settle in the USDC stablecoin. Jump Trading serves as market maker. Trading opens during extended U.S. market hours, and the firm plans to move to round-the-clock access later.

Every token has one real share behind it, the company said. Holders keep economic benefits such as dividends, plus voting rights where the share class carries them. The shares behind the tokens will not be lent out.

Holders get a legal claim on the share, called a security entitlement, rather than a place on the company’s shareholder register. If a company later adopts tokenization with Securitize, holders can convert into registered shares. CEO Carlos Domingo said tokenized stocks “should give investors more than a price on a wrapper that tracks a stock and is only offered offshore.”

The launch landed on a weak day for crypto prices. $SOL fell 8.2% in 24 hours to $106.70, CoinGecko data show, while Bitcoin ($BTC) lost 3.0%, according to LiveCoinWatch.

What to watch next

Securitize expects the tokens to trade on the 24/7 digital venue the NYSE is building and on the OKX-ICE tokenized securities venue. Neither venue has launched, and both still need to meet regulatory requirements.

The company also wants the tokens to work in lending and collateral markets, naming Aave as one example. Access requires identity checks and is limited to qualifying investors in the U.S., the EU and other permitted markets.

Bottom line: Solana is the launch network for Securitize’s share-backed stock tokens, but wider trading still waits on venues that have not opened yet.

Price data: CoinGecko (cross-checked with Jupiter). Market context: LiveCoinWatch.