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Securitize launches blockchain-based stocks

Securitize launches blockchain-based stocks

By Hannah Lang

- Digital asset company Securitize SECZ.N is launching blockchain-based tokenized stock trading in major listed companies like Apple, Nvidia and Microsoft, with tokens backed by underlying shares, the company said on Thursday.


  • Securitize will initially launch its tokenized stocks on the solana blockchain.

  • The company said it expects its tokenized stocks will also trade on NYSE's forthcoming round-the-clock trading venue, as well as a planned trading venue developed by crypto exchange OKX and Intercontinental Exchange.

  • Securitize Stocks preserve investor rights and economic benefits associated with owning a company's shares, Securitize said.

  • The stock products will be available to eligible investors in the US, European Union and other permitted jurisdictions.

  • Securitize Stocks will initially be available to trade during extended trading hours, with plans to offer 24/7 availability in the future.

  • The crypto industry says tokenizing securities could revolutionize markets by allowing shares to be traded 24/7 and settled instantly, boosting liquidity and reducing transaction costs.

  • Although many tokenized stock products overseas are marketed like stocks, they rarely offer the same rights, disclosures and protections as traditional equities.


(Reporting by Hannah Lang in New York;Editing by Elaine Hardcastle)

((Hannah.Lang@thomsonreuters.com;))

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