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

Shares in Securitize have fallen sharply in the two weeks since the tokenisation firm began offering blockchain versions of Apple, Nvidia and Tesla stock.

SECZ was trading at $7.81 at 1:13pm ET on Thursday, down 15% on the day, according to Yahoo Finance data . That is 38% below its $12.66 close on 8 October, the day Securitize announced Securitize Stocks, and 43% below its $13.82 close the next day.

The stock jumped 11% on launch day and a further 9% the next session. It then gave up those gains, including drops of 14% on 12 October and 13% on 16 October.

Citi downgraded the stock to neutral from buy on 13 October, citing questions over how much revenue Securitize can earn from tokenisation and the risk of lock-up expiries adding shares to the market, CoinDesk reported .

The launch put 12 US stocks onchain, among them Apple, Microsoft, Nvidia, Alphabet, Tesla, Meta, Amazon, Netflix, Circle, Strategy and Palantir.

"Eligible investors can hold tokenized positions backed 1:1 by actual shares, with shareholder rights intact," Securitize said on X.

We launched Securitize Stocks to bring some of the most widely held U.S. equities onchain, starting with AAPL, NVDA, TSLA and more on @solana . Eligible investors can hold tokenized positions backed 1:1 by actual shares, with shareholder rights intact. Tokenize the World. https://t.co/Rar7hCQgcY pic.twitter.com/zsqReDhNWt

— Securitize (@Securitize) October 8, 2026

No numbers yet

Securitize has not published trading volumes or holder counts for the tokens. Solana Compass , which tracks tokens on the network, said they did "not yet appear" in its data.

The release did not define which investors are eligible, beyond saying access is subject to KYC checks and "jurisdictional eligibility".

The tokens trade on Securitize's own broker-dealer platform on Solana, with Jump Trading as market maker and settlement in USDC. Trading runs in extended hours for now. Securitize says it plans to move to 24/7 trading.

Securitize did not immediately respond to a request for comment.

Crowded field

Securitize is not first. Wallets holding the xStocks Apple token on Solana rose from about 15,400 in July to about 43,000 on 8 October, Solana Compass data shows.

Solana handled 34% of tokenised-stock trading over the past week, about $120 million a day, according to Stakecake .

Securitize argues its model differs. Each token is a security entitlement backed by a real share, with dividends and, where they apply, voting rights. Investors may be able to convert the tokens into registered shares if the issuing company adopts tokenisation.

That structure matters under the SEC's Innovation Exemption, issued on 17 September. It lets new venues trade tokenised stocks only if they carry the same rights as the underlying shares. Synthetic products are excluded.

Robinhood's stock tokens are debt securities and are not offered in the US. Its crypto chief, Johann Kerbrat, told The Block that the exemption's volume caps would bite.

What's next

Securitize expects the tokens to trade on OKXICE, a venue jointly owned by NYSE parent ICE and OKX. It also expects them on the NYSE's planned 24/7 platform.

OKXICE first published its public notice on 4 October and has updated it since, most recently on 19 October . Trading will run through permissioned Uniswap v4 pools on OKX's XLayer network, open only to verified wallets.

Under the SEC exemption, issuers get 30 days to object before a venue can trade their stock, CoinDesk reported . Counted from the 4 October notice, that means OKXICE could not start trading before 3 November. It has not given a launch date.

Its volume will be capped. For the most heavily traded stocks, each token's trading cannot exceed 0.25% of the underlying stock's average daily volume in the prior month, according to the notice .

Some issuers are pushing back. Microsoft and Alphabet, two of the companies in Securitize's line-up, are among the firms that have objected to having their shares tokenised under the SEC framework, The Wall Street Journal reported on 20 October.

The NYSE has not given a launch date for its platform.

Securitize, which listed on the NYSE in July, reports third-quarter results in November.

Kyle Pare is a reporter for DL News. Have a tip? Contact Kyle at kyle@dlnews.com .