NYSE partners with Securitize on regulated on-chain stocks

Securitize, a tokenization firm, outlined plans Tuesday to roll out regulated on-chain stocks in the coming months. The shares would be issued directly on a blockchain, recorded on an issuer's cap table and carry rights such as dividends and proxy voting, while designed to work with permissioned decentralized finance applications.

The company described the instruments as real, regulated equity tied to the same ownership and governance entitlements as traditional stock. “This is not a synthetic price tracker or an IOU against a custodian,” the announcement stated.

By reflecting the tokens in the official capitalization table, the structure is intended to align on-chain records with the corporate books used to determine ownership, distributions and voting outcomes. According to Securitize, the approach allows on-chain trading and other functions without stripping investor rights or standard recordkeeping.

The firm contrasted its plan with tokenized stock programs that mirror prices without conferring ownership. Current alternatives “offer exposure, not ownership” and “rely on derivatives, SPVs, or offshore structures that attempt to mirror stock prices, often introducing fragmentation, counterparty risk, and pricing inconsistencies,” the company noted. It also cautioned that some programs issue bearer-style tokens without identity checks: “In some cases, they are not even compliant, since they issue bearer assets that, while representing securities, are issued as permissionless assets without any KYC or AML controls.”

Initial issuers and trading venues were not disclosed. Securitize indicated the stocks are intended to slot into existing corporate workflows and operate within permissioned venues. Interoperability with DeFi could include use in on-chain marketplaces or collateral systems that support regulated securities, subject to applicable rules.

Interest in tokenized RWA (real-world assets) has been growing across capital markets, with financial institutions testing on-chain issuance to streamline settlement and extend distribution. U.S. securities regulators and industry groups have been developing guidance on how tokenized securities should be classified and supervised.

Securitize expects to advance its corporate plans over the next year, including a prospective public listing, and to continue building regulated products that connect conventional equity rights with blockchain-based infrastructure.