Securitize brings Apple, Nvidia and Tesla to Solana, with NYSE trading in the works
In this news:
Key takeaways
- Securitize is bringing tokenized Apple, Nvidia and Tesla stocks to the Solana blockchain.
- Tokens will be backed by actual shares to preserve economic benefits and shareholder rights.
- RQD and Ripple Prime will support clearing, custody, and settlement infrastructure.
U.S. regulators are also weighing how to accommodate these products. The Securities and Exchange Commission (SEC) rolled out an innovation exemption last month to open a path for new tokenized securities trading venues built on blockchain rails.
Securitize said each of the stock tokens will be backed by an actual share and structured to preserve economic benefits and applicable shareholder rights, including dividends and voting rights. The tokens represent security entitlements rather than direct ownership on a company's shareholder register, though conversion may become available when issuers adopt tokenization.
“The opportunity is to bring equities onchain without leaving behind the ownership, investor protections and market infrastructure that make U.S. capital markets work,” said Carlos Domingo, Chairman and CEO of Securitize. ”Securitize Stocks are designed around that principle, while creating a bridge to a future where issuers themselves can participate directly in tokenization.”
RQD will support the clearing, custody and settlement infrastructure connecting the tokenized shares to traditional securities markets, while Ripple Prime plans to explore institutional uses for the assets.
Eligible investors in the U.S., Europe and other permitted markets will be able to trade Securitize Stock tokens, initially during extended market hours, with plans to expand to 24/7 access.
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