Securitize shares climbed roughly 10% on Thursday after the tokenization firm launched tokenized versions of major US stocks on Solana, giving eligible investors exposure to equities backed one-for-one by underlying shares and carrying dividend and voting rights.

The offering, dubbed Securitize Stocks, includes tokenized shares of Apple, Nvidia, Microsoft, Tesla and eight other US-listed companies. According to Thursday's announcement, the tokens are fully backed by the underlying equities and will initially trade during extended market hours through Securitize's registered broker-dealer platform.

Legal structure and settlement

Securitize said the tokens represent security entitlements under Article 8 of the Uniform Commercial Code, a framework governing securities ownership, and preserve applicable shareholder benefits, including dividends and voting rights. Security entitlements are the same legal construct through which investors ordinarily hold securities via intermediaries in the US, placing the tokens within an established framework of securities ownership rather than a bespoke structure. 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 venue has set a launch date.

The tokens will settle in USDC on Solana, with Jump Trading providing liquidity through market-making services. Settling in a dollar-pegged stablecoin keeps transfers on-chain, and the initial extended-market-hours schedule already reaches beyond the fixed daytime sessions of traditional exchanges, with plans to expand to 24/7 trading on an unspecified timeline.

Institutional partnerships

Beyond trading, Securitize is exploring broader uses for the tokenized equities. According to the company, Ripple Prime plans to support the launch and explore incorporating the assets into its institutional trading services, while decentralized lending platform Aave has been identified as a potential venue for using the stocks as collateral. Pledging the tokens as collateral on Aave would tie the equities into decentralized lending markets, extending their use beyond direct buying and selling. Ripple Prime did not respond to Cointelegraph's request for additional details by publication time.

Second rally of the week

Thursday marked the second sharp intraday rally for Securitize shares this week. The stock climbed nearly 8% in early trading on Tuesday, when the company announced a partnership with South Korean technology firm LG CNS to explore tokenized funds, equities and stablecoins for financial institutions. That agreement also covers infrastructure that could connect local financial institutions with global capital markets.

The LG CNS deal followed a September memorandum of understanding with Dubai's Virtual Assets Regulatory Authority to support regulated tokenization initiatives in Dubai.

Securitize shares have gained roughly 54% over the past month, according to Yahoo Finance data.

The company's expansion comes amid broader growth in tokenized real-world assets. Data from RWA.xyz shows the value of distributed assets, excluding stablecoins, reached $38.88 billion as of Thursday, up from $25.36 billion a year earlier.

Source: Cointelegraph