Microsoft and Apple Shares Tokenized on Solana for NYSE Trading
What happened
Securitize launched a product allowing shares of Apple Inc., Microsoft, and NVIDIA to be tokenized using the Solana network. These tokens are traded on the New York Stock Exchange, with transactions settling in USDC through Securitize’s registered brokerage. Each token represents a security entitlement backed by one underlying share, and holders receive dividends and voting rights if the share class permits.
From econotimes.com
Why it matters
Ripple Prime is examining whether to incorporate these tokenized U.S. shares into its institutional trading business, which already offers swaps tied to traditional markets. The offering is limited to eligible investors in permitted markets, such as the United States and European Union.
Solana tokenized stock trading aligns with plans being made by the New York Stock Exchange and Nasdaq.
From econotimes.com
Who's involved
- MicrosoftOne of the companies whose shares are tokenized.
- Apple Inc.One of the companies whose shares are tokenized.
- SolanaThe network infrastructure used for tokenization.
- New York Stock ExchangeThe stock exchange where the tokens are traded.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- EthereumSpeculative
Ethereum might face increased competitive pressure on its market share due to Solana's success in tokenizing major shares.
Keep exploring
The entities involved
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Microsoft
American multinational technology corporation
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Apple Inc.
American multinational technology company based in Cupertino, California
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Solana
Mexican cottage manufacturer of sporting cars