Tokenized stocks: Securitize expands its catalog to 25 stocks, including GameStop and Disney

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At the beginning of October, Securitize Stocks launched with a first series of emblematic stocks, from Apple to Tesla. This Monday, November 2, the company announced a second wave of 13 titles, relayed by Leviathan.

ExxonMobil, GameStop and Disney join the list, alongside Uber, Salesforce, Johnson & Johnson and Lockheed Martin. The first batch came mainly from tech, while the second expanded it to energy (ExxonMobil), pharmaceuticals (Johnson & Johnson, Merck) and cinema (Disney).

The offer is open to eligible investors from the USA, the European Union and other authorized jurisdictions.

A tokenized stock is a token backed by a real stock, in a one-to-one ratio. The holder receives what the stock receives, dividends included. Where many derivative products simply follow the price, the token carries a right to the title.

The underlying shares are never loaned, a point that distinguishes the offering from common securities lending practices on the stock market.

For example, an eligible European can buy Disney from their wallet, without an account with an American broker. It can trade beyond trading hours, without waiting for Wall Street to open, even if full 24/7 remains a target.

Transactions take place on Solana, with liquidity provided by Jump Trading, and are settled in USDC.

CEO Carlos Domingo embraces the ambition of making American stocks accessible everywhere, with the same rights and protections as in traditional markets.

The solidity of the arrangement is due to the regulatory status of the exchanges, ensured by Securitize Markets, a broker registered with the SEC, member of FINRA and SIPC. According to the company, this framework is sufficient, without resorting to the SEC Innovation Exemption.

Another promise, convertibility. If a company one day tokenizes its own securities, holders will be able to exchange their tokens for real shares on the register.

The sensitive point remains. Disney, GameStop and the eleven other companies asked for nothing. The press release recognizes this: these companies have neither sponsored, nor approved, nor issued these tokens, and no new shares are being created.

The context is tense. Around fifty companies, from Nvidia to Costco, have requested the withdrawal of their shares from the future OKX-ICE. even withdrew from the project in mid-October.

Machine-translated from French