Securitize stock jumps over 10% after launching tokenized US equities on Solana

1 hour ago 2



Securitize shares climbed about 10% Thursday as the company launched tokenized versions of major US stocks on Solana, offering eligible investors exposure to equities backed by underlying shares with dividend and voting rights.The new offering, called Securitize Stocks, includes tokenized shares of Apple, Nvidia, Microsoft, Tesla and eight other US-listed companies. The tokens are backed one-for-one by underlying shares and will initially trade during extended market hours through Securitize’s registered broker-dealer platform, according to Thursday’s announcement.Securitize (SECZ) stock. Source: Yahoo FinanceSecuritize said the tokens represent security entitlements under Article 8 of the Uniform Commercial Code and preserve applicable shareholder benefits, including dividends and voting rights. The company also plans to make the assets available on tokenized securities platforms being developed by the New York Stock Exchange and OKXICE, though neither has set a launch date.The tokens will settle in USDC on Solana, with Jump Trading providing liquidity through market-making services. Trading will begin during extended market hours, with plans to expand to 24/7 trading on an unspec...

Read Entire Article