The 12 "security entitlements" are backed one-to-one by shares and trade on Securitize's own broker-dealer platform. Listing on the NYSE's planned round-the-clock venue depends on that venue launching.
Tokenized U.S. stocks, until now mostly an offshore product, are available to eligible American investors through a U.S.-registered broker-dealer.
Securitize, the tokenization company listed on the New York Stock Exchange, launched Securitize Stocks on Thursday. The initial lineup covers 12 companies: Apple, Microsoft, Nvidia, Alphabet, Tesla, Meta Platforms, Amazon.com, Netflix, Circle Internet Group, SpaceX, Strategy and Palantir Technologies. Eligible investors in the U.S., the European Union and other permitted jurisdictions can trade them on Securitize's registered broker-dealer platform, offered through Securitize Markets, a FINRA and SIPC member. The tokens run on the Solana blockchain.
Securitize shares rose about 10.5% to $12.60.
What a holder owns
The tokens are security entitlements backed one-to-one by the underlying shares. That legal form is narrower than direct stock ownership. "Holders are not registered shareholders of the underlying issuer unless they convert," the company's disclosures say. The 12 companies have not sponsored or endorsed the product.
Securitize says the tokens are structured to preserve investors' rights and economic benefits. A holder becomes a registered shareholder only by converting.
How it trades
Trading begins in extended hours, with plans to move to around-the-clock trading. Jump Trading is providing liquidity, RQD handles clearing and custody, and trades settle in USDC.
Securitize says the tokens are "expected to trade" on two venues still in development: the NYSE's planned round-the-clock digital market and OKXICE, the venture Intercontinental Exchange formed with the crypto exchange OKX. Securitize's own disclosures add that "the NYSE and OKXICE venues have not launched," and that trading there "is subject to regulatory approval and venue review and may not occur."
The competition
Most tokenized versions of U.S. shares sold so far have been wrapper products issued offshore for non-U.S. buyers. Securitize's version is a regulated U.S. broker-dealer product with a path to convert into actual shares, which sets it apart from those wrappers.
The launch also includes two crypto-linked equities, Circle and Strategy, letting token holders trade exposure to crypto companies on a blockchain.
Solana fell about 9% on Thursday in a broad crypto selloff.
The case on each side
One reading is that this is a market-structure step: a regulated U.S. product, backed by real shares, that can move onto exchange venues and extend U.S. stock trading beyond normal hours.
Another reading is that the initial scope is small. Twelve names, extended hours rather than continuous trading, undefined eligibility, no issuer participation, and reliance on venues that are not yet live leave most of the promise ahead.
Adoption markers
Trading volume and holder counts on Securitize's platform, the launch dates for the NYSE and OKXICE venues, and whether any of the 12 issuers chooses to participate directly will show how far the product reaches.