Key Takeaways
- Securitize shares rose 12% on Thursday after it launched Securitize Stocks, onchain tokens of 12 widely held U.S. stocks, including Apple, Nvidia and Microsoft.
- The legal structure is what makes this interesting: each token is a security entitlement backed by a real share, with dividends, voting rights where the share class has them, and no share lending.
- Holders aren’t registered shareholders until they convert, and they can convert only once a company adopts issuer-sponsored tokenization.
- The NYSE and OKXICE venues that would widen trading haven’t launched yet, and analysts’ revenue forecasts were set before the launch.
Securitize (SECZ) shares were up 12% on Thursday afternoon after the company launched Securitize Stocks. These are onchain tokens of 12 widely held U.S. stocks, including Apple (AAPL), Nvidia (NVDA) and Microsoft (MSFT).
The excitement spread to another stock. Chaince Digital Holdings (CD) jumped 13% with no news of its own. That looks like sympathy buying on Securitize’s launch. (And understandably – they’re in similar businesses here.)
The details
The tokens trade on Securitize’s registered broker-dealer platform on Solana, and trades settle in USDC. Trading starts in extended hours, and the company plans to move to 24/7.
The tokens are also expected to trade on two venues. One is the NYSE’s planned 24/7 digital venue. The other is the OKXICE Tokenized Securities Venue, a joint venture of OKX and NYSE owner Intercontinental Exchange (ICE).
Chairman and CEO Carlos Domingo put the pitch this way: “Tokenized stocks should give investors more than a price on a wrapper that tracks a stock and is only offered offshore.”
Why the wrapper matters
Each token is backed one for one by a real share. Each is also a security entitlement under Article 8 of the Uniform Commercial Code, the same legal footing as shares held at a brokerage. That means dividends and, where the share class carries them, voting rights. And the shares behind the tokens won’t be lent out.
The timing helps. Three weeks ago, the SEC granted a five-year innovation exemption for onchain trading of fully backed stock tokens, and synthetic tokens fall outside it. Securitize built its product to sit squarely inside that line.
Of course, holders aren’t registered shareholders until they convert. They can only convert once a company adopts issuer-sponsored tokenization. Securitize’s disclosures also note that the 12 companies haven’t sponsored or endorsed the tokens.
Can the numbers catch up?
This is the stock’s second double-digit jump in a week, after Tuesday’s rally on its LG CNS partnership in Korea. Analysts expect revenue to grow from $71.9 million in fiscal 2026 to $201 million in fiscal 2028. That’s still small next to a ~$2.2 billion market value, which is certainly built off lofty expectations from Wall Street:
Those estimates of course don’t include the specifics of this launch, but it’s clear that the market is betting on all kinds of expansion opportunities, of which this would be one.
I think the market is right to reward this structure. It’s the kind of stock token the SEC’s new exemption covers, and it carries the rights of the shares behind it. Of course, neither the NYSE venue nor OKXICE has launched yet, and both still need regulatory approval. Until they do, Securitize Stocks trade only on Securitize’s own platform.
So what is Securitize stock actually worth?
TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what Securitize could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!
