Securitize Launches Tokenized US Stocks with Dividend and Voting Rights
Securitize has unveiled a new offering that grants eligible investors access to tokenized shares of 12 major U.S. companies, complete with dividend and voting rights. The company’s stock saw a roughly 10% surge on Thursday following the launch of these tokenized equities on the Solana blockchain.
Securitize Stocks Initiative
The new product, branded as Securitize Stocks, provides exposure to equities backed by underlying shares. The initial offering includes tokenized versions of prominent companies such as Apple, Nvidia, Microsoft, and Tesla, alongside eight other U.S.-listed firms. According to a statement released on Thursday, these tokens are backed on a one-to-one basis by actual shares and will initially be available for trading during extended market hours via Securitize’s registered broker-dealer platform.
Securitize stated that the tokens represent security entitlements under Article 8 of the Uniform Commercial Code, ensuring that applicable shareholder benefits, including dividends and voting rights, are preserved. The company also indicated plans to make these assets available on tokenized securities platforms currently under development by the New York Stock Exchange and OKXICE, though specific launch dates for these integrations have not yet been set.
Trading and Future Plans
The tokens will settle in USDC on the Solana network, with Jump Trading committed to providing liquidity through its market-making services. Trading is set to commence during extended market hours, with aspirations to expand to 24/7 trading on an unspecified timeline.
Beyond trading, Securitize is exploring broader applications for these tokenized equities. Ripple Prime intends to support the launch and investigate the integration of these assets into its institutional trading services. Additionally, the decentralized lending platform Aave has been identified as a potential venue for utilizing these tokenized stocks as collateral.
Ripple Prime did not immediately respond to a request for further details.
Recent Company Momentum
Thursday’s announcement marks the second significant intraday rally for Securitize shares this week. On Tuesday, the stock climbed nearly 8% after the company announced a partnership with South Korean technology firm LG CNS to explore tokenized funds, equities, and stablecoins for financial institutions.
This South Korean collaboration also encompasses infrastructure aimed at connecting local financial institutions with global capital markets. It follows a September memorandum of understanding with Dubai’s Virtual Assets Regulatory Authority to support regulated tokenization initiatives in the emirate.
According to data from Yahoo Finance, Securitize shares have appreciated by approximately 54% over the past month.
The company’s expansion aligns with a broader trend of growth in tokenized real-world assets. Data from RWA.xyz indicates that the value of distributed assets, excluding stablecoins, reached $38.88 billion as of Thursday, a notable increase from $25.36 billion a year prior.
