Securitize Puts 1:1-Backed U.S. Stocks on Solana
The regulated platform has launched tokens backed by held shares, with dividends and shareholder entitlements rather than synthetic price exposure.
Securitize has launched tokenized U.S. equities on Solana using instruments backed one-for-one by shares held through its regulated brokerage infrastructure. The initial range includes Apple, Microsoft, Nvidia, Alphabet, Tesla, Meta and Amazon, with further names including Circle and Strategy expected. Settlement uses USDC and trading begins with extended U.S. hours before a planned move toward round-the-clock access.
The legal structure is the important part. Securitize calls the instrument a Convertible Entitlement Token, or CET. Each token is supported by an underlying share held by Securitize Markets, and holders receive applicable dividends, shareholder rights and corporate-action entitlements. That differs from a synthetic token that merely tracks a stock price through a derivative or an unsecured promise.
The “convertible” element is designed for a market still split between broker-held representations and issuer-sponsored onchain shares. If a public company later adopts Securitize’s issuer-sponsored tokenization model, CET positions are intended to transition into that structure. Until then, investors depend on custody, recordkeeping and the contractual entitlement between the token and the held security.
Solana supplies the public settlement network, while USDC provides the cash leg. Securitize previously engaged Jump Trading and Jupiter for liquidity and access. Those components can shorten settlement and extend availability, but they also create operational dependencies: blockchain uptime, smart-contract integrity, wallet controls, market-making and stablecoin liquidity all matter alongside conventional brokerage safeguards.
The addressable market is growing. Tokenized stocks have passed $3 billion in onchain value, according to data cited by The Block. Yet that remains tiny compared with listed equity markets. The constraint is not only technology. Investor eligibility, securities law, transfer restrictions, tax reporting and the recognition of ownership across jurisdictions determine whether the tokens can move freely.
There is also a liquidity distinction between settlement and trading. A token may settle quickly on a public network, but an investor still needs a willing counterparty at a fair price. Extended hours can be thin, and the underlying U.S. market may be closed when information changes. Market makers must manage that mismatch without creating misleading price continuity.
Securitize’s own history sharpens the model. It previously debuted its SECZ shares onchain and on the New York Stock Exchange, demonstrating issuer-supported tokenization. CETs broaden access to companies that have not themselves chosen an onchain share register. That flexibility is useful, but it means investors should distinguish an entitlement backed by custodied shares from a native share issued directly by the company.
Why it matters
The launch moves tokenized equities closer to replicating the economic and governance package of conventional ownership rather than offering price exposure alone. Dividends and corporate actions are where many earlier wrappers became operationally fragile. A regulated intermediary accepting those responsibilities may make the format more credible to institutions.
The unresolved issue is market structure. Longer hours do not guarantee liquidity, fair spreads or global legal portability. The product succeeds only if its rights remain enforceable during corporate events and stress. Securitize has supplied a more complete bridge; trading depth and investor protections will determine whether it becomes durable infrastructure.
Sources: Securitize Stocks, The Block