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Securitize stocks offering lifts tokenized US equities on Solana
The launch includes tokenized shares of Apple, Nvidia, Microsoft, Tesla, and eight other US-listed companies, with tokens backed one-for-one by underlying shares.
Securitize shares rose about 10% on Thursday after the company launched tokenized versions of major US stocks on the Solana blockchain, Cointelegraph reports. The offering, called Securitize Stocks, is designed to give eligible investors exposure to equities backed by underlying shares.
According to Cointelegraph, the tokenized shares include dividend and voting rights, and they are backed one-for-one by the underlying shares. The firm said the tokens will initially trade during extended market hours through its registered broker-dealer platform.
Cointelegraph also reports that Securitize Stocks covers tokenized shares of Apple, Nvidia, Microsoft, Tesla, and eight other US-listed companies. The tokens are set up to provide access to those equities through the Solana network.
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