Securitize Stock Jumps After Hours As It Launches Tokenized Apple, Nvidia, Tesla Shares On Solana

Securitize, Inc. (NYSE:SECZ) shares are trending on Thursday night

Securitize Launches 12 Tokenized US Stocks On Solana

Shares of the Miami-based tokenization company jumped 9.92% to $13.92 in after-hours trading on Thursday, following its announcement that it is bringing 12 major U.S. stocks onchain through a new product called “Securitize Stocks.”

According to the company, Securitize has chosen Solana (CRYPTO: SOL) as the first network for launching Securitize Stocks, with transactions settled in USDC (CRYPTO: USDC). The tokens are backed 1:1 by underlying shares and will trade on Securitize’s registered broker-dealer platform for eligible investors in the U.S., the EU and other permitted jurisdictions.

The initial lineup includes Apple Inc., Microsoft Corp., Nvidia Corp., Alphabet Inc., Tesla Inc., Meta Platforms Inc., Amazon.com Inc., Netflix Inc., Circle Internet Group Inc., Space Exploration Technologies Corp., Strategy Inc. and Palantir Technologies Inc.

Carlos Domingo, Chairman and CEO of Securitize, said, “Tokenized stocks should give investors more than a price on a wrapper that tracks a stock and is only offered offshore.”

Trading Metrics, Technical Analysis

Securitize has a market capitalization of $2.07 billion, a 52-week high of $17.01 and a 52-week low of $5.14.

The Relative Strength Index (RSI) of SECZ stands at 54.58.

The stock has gained 16.79% over the past 12 months.

SECZ is currently trading at 63.35% of its 52-week trading range.

Price Action: Shares closed on Thursday at $12.66, up 11.05%, according to Benzinga Pro data.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: Jirapong Manustrong / Shutterstock