Securitize brings stocks to Solana: what rights do they include
On October 8, Securitize announced the launch of Securitize Stocks: tokenized U.S. stocks for eligible investors in the U.S., the EU, and other permitted jurisdictions. The announced structure uses Solana and settles trades in USDC.
According to the company, each token is backed 1:1 by a share and conveys the corresponding dividends and voting rights. The structure gives holders a claim on securities held in custody through Securitize Markets. The holder is not listed as a registered shareholder of the issuer unless they convert their position, where such conversion is available.
Access requires identity verification and compliance with local restrictions. The companies whose shares are represented do not sponsor or endorse these tokens.
The announcement includes extended trading hours at launch. 24/7 trading and access through the future NYSE and OKXICE venues remain subject to development and conditions: those venues have not yet launched, according to the announcement.
1:1 backing does not eliminate price losses or liquidity, custody, and transfer restriction risks.
Binance Spot, 9/10, 22:43 UTC: SOL is trading at 109.36 USDT (-1.08% in 24h), with 210.42 million USDT traded in SOL/USDT. Takeaway: expanding a network's use cases does not guarantee proportional demand for its token or a price increase.
$SOL $USDC $USDT
Educational Content. Not financial advice.
#Securitize #Solana #USDC #Tokenizacion #DigitalAssets
On October 8, Securitize announced the launch of Securitize Stocks: tokenized U.S. stocks for eligible investors in the U.S., the EU, and other permitted jurisdictions. The announced structure uses Solana and settles trades in USDC.
According to the company, each token is backed 1:1 by a share and conveys the corresponding dividends and voting rights. The structure gives holders a claim on securities held in custody through Securitize Markets. The holder is not listed as a registered shareholder of the issuer unless they convert their position, where such conversion is available.
Access requires identity verification and compliance with local restrictions. The companies whose shares are represented do not sponsor or endorse these tokens.
The announcement includes extended trading hours at launch. 24/7 trading and access through the future NYSE and OKXICE venues remain subject to development and conditions: those venues have not yet launched, according to the announcement.
1:1 backing does not eliminate price losses or liquidity, custody, and transfer restriction risks.
Binance Spot, 9/10, 22:43 UTC: SOL is trading at 109.36 USDT (-1.08% in 24h), with 210.42 million USDT traded in SOL/USDT. Takeaway: expanding a network's use cases does not guarantee proportional demand for its token or a price increase.
$SOL $USDC $USDT
Educational Content. Not financial advice.
#Securitize #Solana #USDC #Tokenizacion #DigitalAssets