Securitize Frames Tokenized Stocks as a Path to Issuer Participation

Securitize’s Solana-based stock entitlements give eligible investors claims backed by existing shares, while direct registration with issuers remains a separate step in its vision for tokenization.

Securitize announced its Solana stock service Oct. 8 with 12 equity entitlements for eligible investors in the United States, the European Union and other permitted jurisdictions. Transactions settle in USDC. Trading was scheduled to begin during extended hours, with plans to move toward 24/7 availability; use of a planned NYSE digital venue depends on its launch and applicable regulatory and operational requirements.

Each entitlement is backed one-for-one by an underlying share and is structured to preserve applicable economic benefits and rights, including dividends and voting rights when the share class provides them. That backing does not make the holder a registered shareholder of the company. Direct ownership can be recorded on the issuer’s transfer-agent books after conversion, where available.

Securitize Chairman and CEO Carlos Domingo described the service as a step toward more direct issuer participation. “The opportunity is to bring equities onchain without leaving behind the ownership, investor protections and market infrastructure that make U.S. capital markets work,” he said.

Nasdaq-listed Currenc Group partnered with Securitize in April to let shareholders tokenize existing ordinary shares on Ethereum and Solana. The arrangement does not issue new shares or change the company’s share count. Token holders have the same ownership and voting rights as holders of non-tokenized shares, and the technology has seen limited testing and use.

The SEC established a separate, temporary and conditional path for certain venues to trade tokenized U.S. stocks using permissioned automated market makers and liquidity pools. Its order sets limits on symbols and trading volume, requires tokenized and traditional shares to carry equal rights and privileges, and gives issuers notice and an opportunity to object when an unaffiliated third party tokenizes their shares.

The relief applies to qualifying venues and expires five years after publication. The framework and Securitize’s launch provide routes for tokenized-stock trading, but do not establish broad public-company demand for direct participation.