American stocks on Solana. Securitize announced on October 8 the launch of Securitize Stocks, a token offering representing rights to twelve American stocks, including Apple, Nvidia and Tesla. Transactions are settled in USDC, with access restricted to eligible investors. The company also plans to connect to future digital platforms of the NYSE and OKXICE, subject to their launch and applicable requirements. And all this will happen on the Solana network.
Key Points
Each token is backed by a share held in reserve and represents a right thereto.
Holders benefit from dividends and, when the share category so provides, voting rights.
Trading starts on Solana, with settlement in USDC and extended hours; 24/7 operation remains a goal.
Access requires identity verification and depends on country of residence.
Apple, Nvidia and Tesla accessible on Solana with Securitize
The initial offering covers Apple, Microsoft, Nvidia, Alphabet, Tesla, Meta, Amazon, Netflix, Circle, Strategy and Palantir. It runs through Securitize's regulated brokerage infrastructure and is targeted to authorized investors in the United States, European Union and other jurisdictions.
The product is based on a “security entitlement”, an American legal concept which designates the rights of an investor over a security held by an intermediary. Each token is covered at the rate of one action for one token. However, the holder does not appear directly in the shareholder register of the underlying company. The companies concerned did not necessarily participate in the creation of these tokenized versions.
According to Securitize, this structure preserves the economic advantages and rights applicable to shares: dividends after possible withholdings and voting when the category of securities allows it. The shares used as cover are not lent.
The system also provides for a conversion to shares registered directly in the name of the investor, when it becomes available and the company adopts tokenization of its own securities. This possibility therefore remains conditional.
To purchase, the user must verify their identity and connect an approved Solana wallet. Payment is made in USDC, while access and transactions remain subject to the rules applicable to financial securities.
From NYSE to OKXICE, Wall Street doesn't want to sleep anymore!
At launch, exchanges use Securitize's automated trading system on Solana. Jump Trading acts as a market maker to provide liquidity and contribute to price formation.
Initial availability covers extended hours. The product page advertises 24/5 trading, with a future goal of permanent open trading. It is therefore not yet an offer that allows you to negotiate every weekend.
Securitize then plans to make these securities accessible on the digital platform developed by the New York Stock Exchange, as well as on OKXICE, the project associating OKX and Intercontinental Exchange, parent company of the NYSE. These connections depend in particular on the launch of the platforms and their regulatory and operational conditions.
However, blockchain does not eliminate financial intermediaries. The press release describes an infrastructure bringing together brokerage, liquidity, clearing, custody, settlement and recordkeeping. The transfer of tokens and payment in USDC are part of this package.
