Securitize stock jumps over 10% after launching tokenized US equities on Solana
Securitize’s new offering gives eligible investors access to tokenized shares of 12 US companies, with dividend and voting rights and plans for round-the-clock trading.
Securitize's new Securitize Stocks offering saw its shares jump over 10% on Thursday following the launch of tokenized US equities on the Solana blockchain. The platform provides eligible investors access to tokenized shares of 12 US companies, including Apple, Nvidia, Microsoft, Tesla, and eight others, with dividend and voting rights.
The tokens represent security entitlements under Article 8 of the Uniform Commercial Code and maintain applicable shareholder benefits. Trading initially occurs during extended market hours and may expand to 24/7 trading in the future. Securitize plans to partner with Ripple Prime and Aave for additional uses of the tokenized equities.
The company's growth reflects the broader trend of tokenized real-world assets, with RWA.xyz data showing the distributed asset value reaching $38.88 billion as of Thursday.
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