Securitize, Jump Trading Group, and Jupiter announced a jointly operated platform for fully regulated, onchain trading of tokenized public equities on May 5, 2026, at an event in Miami. The system allows investors with KYC-verified wallets to buy and sell shares of US-listed companies directly on Solana, with ownership recorded on the issuer's cap table and settlement occurring in seconds rather than days.

The launch came one day after a foundational regulatory milestone: FINRA approved Securitize Markets LLC, a registered broker-dealer and FINRA member, to custody tokenized securities within its broker-dealer structure and execute atomic swaps between tokenized shares and stablecoins. Atomic settlement means both legs of a trade, the asset transfer and the payment, complete simultaneously onchain, eliminating the counterparty risk that makes traditional T+1 settlement necessary. Securitize CEO Carlos Domingo described bringing custody of tokenized securities into the broker-dealer as "a foundational unlock" for seamless atomic settlement within regulated environments. It is the first approval of its kind in the United States.

How the Three-Party Structure Works

Each firm handles a distinct layer. Securitize operates as the regulated backbone: it manages the Alternative Trading System (ATS), the transfer agent function, the broker-dealer operations, and the KYC whitelisting that determines which wallets can hold or transfer tokenized shares. Jump contributes liquidity through its PropAMM, a proprietary automated market maker deployed on Solana. Unlike passive AMMs such as Uniswap, the PropAMM uses an offchain pricing engine that continuously monitors centralized exchange order books and pushes oracle-signed price updates to the onchain program in real time. Jump says that across billions in monthly volume, 91.9% of PropAMM fills came in cheaper for end users than equivalent trades on premium-tier centralized exchanges, and 90.2% of total notional value transacted was cheaper as well, with median SOL/USDC fills priced within 0.72 basis points of the best midpoint. Jupiter serves as the access layer for both retail and institutional users, routing trades through Securitize's whitelisted pools. Jupiter currently handles roughly 95% of aggregator market share on Solana, accounts for more than 50% of total Solana DEX trading volume, and carries between $2.6 billion and $3 billion in total value locked.

Tokenized shares on this platform are not synthetic trackers or derivatives. They represent direct legal ownership, with holders entitled to dividends and voting rights, and they can be held in self-custody wallets. During US market hours, trades must comply with Regulation NMS requirements, including matching the National Best Bid and Offer. Outside those hours, the PropAMM determines prices based on live demand, enabling 24/7 trading.

This launch is the culmination of a multi-step regulatory process. On January 28, 2026, the SEC issued a formal statement confirming that blockchain-represented securities remain subject to federal securities law, a clarification that opened rather than restricted the path for regulated tokenized equity products. In December 2025, the SEC issued a no-action letter permitting the Depository Trust Company to offer tokenization services on approved blockchains on a trial basis. The FINRA approval of Securitize's broker-dealer custody structure in May 2026 built directly on both of those earlier milestones.

The approach also has a direct technical and regulatory antecedent. Exodus Movement Inc. (ticker: EXOD) became the first public company to issue stock natively onchain in late 2024, serving as the proof-of-concept for the infrastructure and regulatory framework that now underpins this broader rollout.

The Market Context

The broader tokenized equity market has grown sharply. The sector held under $30 million in total value in early 2025. By December 2025 that figure had crossed $700 million. As of May 2026, RWA.xyz data puts the distributed market value of tokenized stocks at approximately $1.25 billion, up 31.4% over the prior 30 days, with 224,510 holders across 2,146 tracked assets. Securitize currently holds a 6.9% share of that market, worth roughly $87.9 million, placing it third behind Ondo (56.88%) and xStocks (28.39%). According to analysis cited by Cornell University's SC Johnson College, Citigroup projects the broader tokenized securities market could reach $4 to $5 trillion by 2030.

Securitize itself is preparing to go public. The company has announced a proposed business combination with Cantor Equity Partners II (Nasdaq: CEPT) that would list it under the ticker "SECZ," with the deal expected to close in the first half of 2026. CEPT shares rose 1.87% on announcement day on volume of 1.3 million shares, roughly 2.2 times its 20-day average. Securitize manages over $4 billion in assets under management as of April 2026, with institutional clients including BlackRock, Apollo, BNY, KKR, Hamilton Lane, and VanEck.

The three-party structure of this launch also reflects a prior financial relationship: Jump Crypto made a strategic investment in Securitize to advance collateral management and investment access, a tie that provides important context for understanding how this partnership came together.

What It Means Outside the United States

For investors in South Asia and Africa, the platform's practical value is narrower than the headline suggests. Every tokenized equity currently available through Securitize, Ondo, and similar platforms is a US-listed stock. The new system offers a regulated, DeFi-style route to major US-listed equities without requiring a foreign brokerage account. That is a meaningful improvement in access for users in markets where equity participation rates sit between 5% and 15%, compared with 55% to 62% in the US.

However, onchain format does not override capital controls. India's Liberalized Remittance Scheme caps annual offshore investment at $250,000 per individual, and SEBI currently does not permit Indian listed companies to tokenize their own securities. That picture is not static: the Finance Ministry and SEBI are engaged in active consultative discussions on a broader crypto-securities framework, signaling continued regulatory movement on the question. Nigeria's Investments and Securities Act 2025, signed into law in March 2025, formally recognized digital assets as securities under SEC Nigeria oversight, creating a legal basis for future tokenized equity products. The Bank of Ghana issued VASP registration mandates in July 2025, covering more than 3 million users. The regulatory groundwork is being laid, but no non-US equities are yet available through any major tokenized stock platform.

The inverse gap is also significant. Nigerian and Egyptian stock markets returned 57% and 59% respectively in 2025, far outpacing the S&P 500's 17.9% gain. The MSCI Emerging Markets Index returned 33.6% over the same period, reflecting a broader trend of EM outperformance. Yet US investors accessing emerging markets through US domestic exchanges can reach less than 2% of the more than 20,000 publicly listed companies in those markets, a structural limitation that applies to tokenized and traditional channels alike. Securitize's platform architecture could theoretically support emerging market equities if local regulators issued comparable approvals. Whether and when that happens is the question this launch raises but does not answer.

For Solana developers in Lagos, Nairobi, Mumbai, or Karachi, the more immediate opportunity may be on the infrastructure side. Jupiter's open aggregation model allows builders to construct front-ends and routing tools that connect to Securitize's whitelisted pools, provided end users complete KYC. The PropAMM approach of applying institutional market-making techniques to onchain real-world assets represents a model that developers working on RWA-adjacent tooling will find instructive as the sector matures.