Securitize Tokenizes Nvidia, Tesla on Solana; Stock Jumps 10%+
SECZ has more than doubled off its 52-week low of $5.14 on elevated volume (2.8× avg).
Summary
Securitize launched Securitize Stocks, tokenizing 11 major U.S. stocks including Nvidia, Tesla, Apple, and Microsoft on the Solana network. Each token is backed 1-for-1 by the underlying stock, preserving dividend and voting rights. Trading is initially available outside regular market hours via Securitize's registered broker-dealer, with settlement in USDC and Jump Trading as liquidity provider. The company plans to expand to 24-hour trading and supply assets to tokenized platforms being developed by NYSE and OKX ICE. This follows the earlier PR Newswire announcement of global onchain trading and the LG CNS partnership earlier this week; the stock has climbed about 54% over the past month.
At the time of this announcement, SECZ was trading at $13.92 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $5.14 to $17.01. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Bloomingbit.