Securitize Unveils ‘Native’ Onchain Stocks; 24/7 Trading Starts Q1 2026
The platform replaces synthetic derivatives with direct cap-table recording, enabling 24/7 trading via automated market makers.
Securitize announced Tuesday it will launch a fully compliant platform for trading real public equities onchain in early 2026. The move targets the fragmentation plaguing current tokenized stock offerings by issuing shares directly on the ledger rather than relying on synthetic derivatives or offshore vehicles.
The Mechanism: Cap Tables, Not Mirrors
Unlike existing "wrapped" assets that track price action via special purpose vehicles (SPVs), Securitize’s model records ownership directly on the issuer’s capitalization table. This structure grants token holders legal status as shareholders with full rights, including proxy voting and direct dividend payments.
Trading will operate on a hybrid model designed to satisfy U.S. securities laws while leveraging DeFi mechanics:
- Market Hours: Orders execute against the National Best Bid and Offer (NBBO) via regulated broker-dealers.
- Off-Hours: An Automated Market Maker (AMM) governs pricing based on real-time onchain order flow, enabling 24/7 liquidity.
“This is not a synthetic price tracker or an IOU against a custodian,” stated Securitize CEO Carlos Domingo. “These are real, regulated shares: issued onchain, recorded directly on the issuer's cap table, and tradable through a familiar Web3 swap-style experience.”
Institutional Context
The pivot to native issuance comes as Securitize prepares to go public via a $1.25 billion SPAC merger with Cantor Equity Partners II. As part of the transition, the firm plans to tokenize its own equity (Ticker: SECZ), effectively becoming the first case study for its new infrastructure.
By eliminating the settlement delays typical of T+1 legacy markets, the platform aims to force a repricing of risk for market makers who currently arbitrage the gap between crypto volatility and traditional banking hours.
