On October 8, Securitize launched Securitize Stocks, a Solana-based offering tied to 12 U.S. equities including Apple, Microsoft, Nvidia, Alphabet, Tesla, Amazon and Netflix. Eligible users in permitted jurisdictions can trade through the company’s registered broker-dealer platform, with settlement conducted in USDC.
Each token is structured as a security entitlement backed one-for-one by the underlying share. According to Securitize, holders are not automatically registered shareholders of the underlying companies. Instead, Securitize Markets maintains the legal claim linking wallet holders to the stock position. Dividends and applicable voting rights are designed to pass through that structure, but direct registration depends on a later issuer-sponsored conversion process and transfer-agent availability.
Securitize calls the product a convertible entitlement token, or CET. The conversion to direct ownership is possible only if the underlying company adopts issuer-sponsored tokenization and makes the relevant transfer-agent process available. The company also described future venues connected to the New York Stock Exchange and OKXICE for wider trading hours and self-custody, though those venues have not launched and remain subject to regulatory and operational conditions.
The launch follows a September 17 SEC order granting temporary, conditional relief from the definition of an exchange to venues offering permissioned automated market maker pools for eligible tokenized National Market System stocks. The SEC exemption requires venues to verify that eligible shares carry the same rights and privileges as traditional stock, including company interest, dividends, voting rights and residual assets on liquidation. It excludes synthetic exposure, linked securities, rights and warrants.
Those venues can operate outside key Regulation NMS protections, including Rule 611 trade-through protection. However, FINRA-member brokers still retain best-execution duties under Rule 5310 when handling covered customer transactions. Market-data provisions require venues to explain whether and how they use external data or oracles, identify providers, describe purposes and address risks such as oracle manipulation.
Market-data provider Douro Labs, which contributes to Pyth Network and operates Pyth Pro, submitted an October 9 request to SEC staff seeking provider-neutral principles for assessing external price feeds. Its proposed criteria include independent contributors, manipulation-resistant aggregation, public identities and comparison with market benchmarks. OKXICE’s October 4 notice says it uses Massive.com for stock prices and trading-halt data and OKX INC for stablecoin price indices, with no additional circuit breakers beyond underlying-market stoppages. TSV LLC’s September 23 notice said operations had not commenced and a production market-data provider had not yet been selected.
The combined picture highlights a key distinction: a tokenized stock can deliver economic rights through a legal entitlement, but trading protections and execution quality depend on the venue, data providers and any broker handling the order. For crypto markets, the expansion of regulated tokenized equities on Solana and USDC settlement represents a meaningful step toward institutional and mainstream adoption, while also placing a premium on disclosure and compliance infrastructure.
