Securitize Corp. (NYSE: SECZ) on October 8, 2026, launched onchain trading of 12 U.S.-listed equities on Solana, with each token backed one-for-one by an underlying share and structured as a security entitlement under UCC Article 8. The initial tickers include Apple, Microsoft, Nvidia, Alphabet, ...
Securitize Corp. (NYSE: SECZ) on October 8, 2026, launched onchain trading of 12 U.S.-listed equities on Solana, with each token backed one-for-one by an underlying share and structured as a security entitlement under UCC Article 8. The initial tickers include Apple, Microsoft, Nvidia, Alphabet, Tesla, Meta, Amazon, Netflix, Circle, SpaceX, Strategy, and Palantir. Jump Trading provides liquidity through Securitize's PropAMM, with settlement in USDC.
SECZ shares rose 11.75% to $12.74 in morning trading on the announcement. The launch comes three days after OKXICE LLC — a 50/50 joint venture between OKX and NYSE parent Intercontinental Exchange — filed with the SEC to offer tokenized shares of 63 NYSE-listed companies. The two events mark the most concentrated week of tokenized equity infrastructure deployment since the category emerged.
The tokenized equities market reached $4.87 billion in market value in September 2026. Monthly onchain trading volume hit $15.6 billion that same month. Solana handles roughly 95% of global tokenized equity volume. The Securitize launch adds a regulated, broker-dealer-operated venue to a market that has until now been dominated by offshore issuers and synthetic products.
Securitize Stocks are Convertible Entitlement Tokens (CETs) — onchain representations of security entitlements rather than synthetic derivatives or wrapped price feeds. Each token is backed one-for-one by shares held through Securitize Markets, the company's SEC-registered broker-dealer. The structure preserves applicable shareholder rights: dividends, corporate-action entitlements, and — where applicable — voting rights. Securitize states that backing shares will not be lent out.
Trading occurs on the Securitize PropAMM, a proprietary automated market maker deployed on Solana, with Jump Trading providing liquidity, price discovery, and execution. Settlement is denominated in USDC. At launch, trading is available during extended hours. The company plans to expand toward 24/7 availability.
Onboarding requires KYC/AML verification through Securitize's broker-dealer platform. Eligible investors in the U.S. and EU may participate. The structure is designed to operate within the existing U.S. regulatory framework for tokenized securities without relying on temporary exemptions.
The 12 launch tickers:
| Ticker | Company | |--------|---------| | AAPL | Apple | | MSFT | Microsoft | | NVDA | Nvidia | | GOOG | Alphabet | | TSLA | Tesla | | META | Meta | | AMZN | Amazon | | NFLX | Netflix | | CRCL | Circle | | SPCX | SpaceX | | MSTR | Strategy | | PLTR | Palantir |
The inclusion of SpaceX, a private company, alongside 11 public equities is notable and suggests Securitize is positioning the platform to serve both public and private market liquidity.
The tokenized equities category has grown rapidly through 2026. According to market data aggregators, key metrics include:
The broader real-world asset (RWA) tokenization market reached $34.5 billion as of August 31, 2026, growing more than 140% over the prior 12 months.
Securitize's launch coincides with a period of accelerating institutional infrastructure deployment. Samsung launched USDC transfers on Solana for 82 million Galaxy devices on October 8. The SEC published a framework for tokens to exit securities classification. The CFTC proposed its first federal rules for leveraged crypto trading. These concurrent developments suggest the regulatory and distribution rails for tokenized securities are converging simultaneously.
The tokenized stock market is served by four established issuers and several new entrants. Their models differ materially in geographic scope, regulatory approach, and token structure:
Existing Issuers:
| Platform | Focus | Stock Count | Structure | |----------|-------|-------------|-----------| | Ondo Global Markets | Global institutional | Not disclosed | Security entitlements | | Backed Finance | Non-US retail | ~60 stocks + ETFs | xStocks via DEXs/CEXs | | Dinari | US eligible investors | 724 stocks + ETFs | dShares, SEC-regulated | | Robinhood | EU retail | Select equities | Tokenized via EU license |
New Entrants (October 2026):
| Platform | Focus | Stock Count | Structure | |----------|-------|-------------|-----------| | Securitize Stocks | US/EU eligible | 12 (launch) | CETs on Solana | | OKXICE | US/global (pending) | 63 (filed) | Uniswap v4 on X Layer |
Securitize differentiates on three axes. First, it operates through a registered broker-dealer rather than relying on offshore structures. Second, it uses a proprietary AMM with an institutional market maker (Jump Trading) rather than permissionless DEX liquidity. Third, it has committed to not lending out backing shares — a provision that addresses rehypothecation concerns that have plagued synthetic stock products.
Dinari, the most direct competitor for U.S.-eligible investors, launched 724 tokenized stocks in August 2026, offering substantially broader coverage. Securitize's 12-ticker launch is narrower but targets the highest-volume names. The company has not disclosed a timeline for expanding beyond the initial 12.
Securitize went public on the NYSE on July 2, 2026, through a SPAC merger with Cantor Equity Partners II. The deal raised approximately $400 million in gross proceeds at a $1.25 billion valuation. Key financial metrics from the most recent quarterly report:
Operating expenses rose 56% year-over-year to $24.1 million in Q2, driven partly by one-time public listing costs. Tokenization revenue fell 12% to $7.9 million, while asset servicing revenue grew 3% to $6.96 million.
The company's market capitalization stands at approximately $1.9 billion. Analyst consensus places the 12-month price target at $13.94, approximately 20% above the pre-announcement price of $11.40. The 52-week range is $5.14 to $17.01.
Securitize also serves as the tokenization agent for BlackRock's BUIDL fund, which held $2.87 billion in total AUM across chains as of July 2026. Securitize holds an estimated 19–20% market share across tokenized treasuries, institutional funds, and tokenized stocks combined.
Three days before the Securitize launch, OKXICE LLC filed with the SEC on October 5, 2026, to offer tokenized shares of 63 NYSE-listed companies. The filing represents the first regulated tokenized equity venue in the United States operating under an explicit federal exemption — the SEC's five-year trading exemption for qualifying tokenized securities.
OKXICE is a 50/50 joint venture between OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. The venture was first announced in March 2026. Under the filing terms, the 63 listed companies have 30 calendar days to object to tokenization of their stock. Absent an objection, shares become available for 24/7 trading on OKXICE.
The OKXICE venue would use Uniswap v4 pools deployed on OKX's X Layer blockchain. SEC rules require that qualifying tokenized stocks preserve dividends, voting rights, and equivalent shareholder claims.
Securitize has indicated that Securitize Stocks are expected to trade on both the NYSE's planned 24/7 digital trading venue and OKXICE, subject to regulatory approvals. If realized, this would create a cross-venue tokenized equity market spanning three separate trading infrastructures — Securitize's PropAMM on Solana, OKXICE on X Layer, and the NYSE's digital platform.
The tokenized equities market introduces a new layer to the blockchain economic value stack. The question is whether this layer generates sustainable fee revenue or depends on the same subsidy structures that characterize most onchain activity.
Securitize's revenue model combines one-time integration fees, recurring maintenance fees, transaction-based tokenization revenue (calculated as AUM multiplied by average revenue per user), and SaaS-based transfer agent fees. The company's $70–$80 million revenue guidance against $4.3 billion in average tokenized AUM implies an approximate annualized take rate of 1.6–1.9 basis points — thin by traditional brokerage standards but potentially viable at scale.
The critical variable is volume. At $15.6 billion in monthly onchain trading volume for the entire tokenized equity category, fee pools remain modest. For context, a single day of NYSE trading regularly exceeds $50 billion in notional volume. The onchain equity market remains a rounding error relative to traditional venues.
However, the economic structure differs from most DeFi activity in a material respect: tokenized equities generate revenue from real-world corporate earnings, dividends, and capital appreciation rather than from token emissions or liquidity mining incentives. This makes the category one of the few onchain segments where value accrual is anchored to external cash flows rather than circular token economics.
The sustainability question is whether trading fees and servicing revenue can cover operating costs. Securitize's current financial position — $21.7 million net loss in Q2 against $14.4 million in revenue — shows the company remains in investment mode. The $400 million raised through the SPAC merger provides runway, but profitability remains forward-looking.
The Securitize launch and OKXICE filing, arriving within three days of each other, mark a structural shift in tokenized equities from offshore experiments to regulated U.S. infrastructure. For the first time, a publicly traded, SEC-registered broker-dealer is issuing onchain stock entitlements backed by real shares that preserve shareholder rights — and doing so through institutional-grade market-making on a high-throughput blockchain.
The market remains small: $4.87 billion in tokenized equity value is negligible against the $50 trillion U.S. stock market. Monthly onchain volume of $15.6 billion trails a single day on traditional exchanges. Securitize itself is unprofitable, with operating losses exceeding revenue.
What has changed is the infrastructure stack. A regulated broker-dealer (Securitize), an institutional market maker (Jump Trading), a major exchange operator (ICE/NYSE), and a crypto exchange (OKX) are now building interconnected trading venues for the same tokenized securities. The economic question is no longer whether tokenized stocks can exist within regulated frameworks. It is whether enough trading activity will migrate onchain to make the economics work.