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Securitize shares slide 38% since it put Apple and Nvidia stock on Solana

Securitize stock is down 38% since it launched tokenised Apple, Nvidia and Tesla shares on Solana. It still hasn't said how much trades.

Key points

  • Securitize's SECZ traded at $7.81 Thursday, 38% below its $12.66 close on 8 October, the day it announced Securitize Stocks, per Yahoo Finance.
  • The launch put 12 US stocks onchain on Solana, with tokens backed 1:1 by shares; Securitize has not published trading volumes or holder counts.
  • Citi downgraded the stock to neutral on 13 October, citing tokenisation revenue questions and lock-up expiry risk, CoinDesk reported.

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Original reporting

Kyle Pare, DL News

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