Points of Focus

• Securitize, Jump, and Jupiter launched regulated on-chain equity trading on May 5.
• The token is the legally recognized share on the issuer’s cap table, with full shareholder rights and SEC-registered execution.
• Solana adds a regulated equity venue to Western Union’s USDPT and a $2.5 billion RWA milestone in a single week.

Securitize, Jump Trading Group, and Jupiter launched fully on-chain, regulated trading for tokenized equities on May 5, combining institutional liquidity, regulated execution, and global distribution on Solana’s blockchain infrastructure.

The deployment shifts the tokenized equities conversation from issuance to secondary-market trading, the step that determines whether tokenized stocks become a real asset class or remain an infrastructure demonstration.

We’ve partnered with @jumptrading and @JupiterExchange to launch fully onchain, regulated trading for tokenized equities on @solana.

This integration combines Securitize’s regulatory infrastructure, Jump’s liquidity, and Jupiter’s distribution for tokenized equities. pic.twitter.com/bflsoxAWwd

— Securitize (@Securitize) May 5, 2026

The three-way structure is deliberate. 

• Securitize provides the regulatory infrastructure, operating as an SEC-registered broker-dealer, transfer agent, and SEC-regulated Alternative Trading System (ATS). 
• Jump Trading Group provides liquidity through its PropAMM, a purpose-built automated market maker deployed on Solana, enabling tight spreads and real-time price discovery. 
• Jupiter, Solana’s leading DEX aggregator with billions in monthly volume, serves as the user-facing interface, connecting a large global user base directly to regulated on-chain equity markets through a familiar DeFi swap experience. 

No single component could deliver all three without the others.

What makes this different from synthetics

The distinction the market needs to understand is between synthetic tokenized equities and what Securitize has built. Robinhood’s tokenized equity offering uses derivatives of real stocks. xStocks uses tokens backed by shares held in custody. Both create on-chain representations that depend on an intermediary holding the underlying asset.

Securitize’s model removes that layer. The token itself is the legally recognized share, issued and recorded directly on the issuer’s cap table. Token holders have real shareholder rights, including the right to receive dividends and to vote in proxy elections. Trades execute through Securitize Markets, an SEC-registered broker-dealer, under Regulation NMS. During US market hours, prices reflect the National Best Bid and Offer. Outside market hours, Jump’s PropAMM sets prices based on on-chain trading activity, creating a 24/7 regulated equity venue unavailable in traditional markets.

‘Tokenization has reached a point where the question is no longer whether assets can be issued on-chain, but whether they can trade at scale in a way that meets the standards of public markets,’ said Carlos Domingo, CEO of Securitize.

The FINRA unlock that made it possible

The May 5 launch arrived 24 hours after Securitize received FINRA approval on May 4, making it the first broker-dealer approved to custody tokenized securities and to facilitate atomic settlement between tokenized stocks and stablecoins on-chain. The approval also permits Securitize to serve as an underwriter and selling group participant for initial and secondary tokenized securities offerings.

Brett Redfearn, President of Securitize, said the approval enables it to ‘facilitate atomic settlement transactions between securities and cash equivalents within our broker-dealer ATS, eliminating fragmented processes and enabling markets to operate with the speed and efficiency of blockchain infrastructure within a regulated environment.’ 

Without the FINRA approval, custody of tokenized securities in a standard broker-dealer framework was not possible. The launch is sequenced: regulatory clearance on May 4, followed by the trading launch on May 5.

The Solana accumulation

The Jupiter and Jump PropAMM selection cements Solana as the institutional RWA blockchain, making it structural rather than speculative. Jupiter is Solana’s primary liquidity aggregation layer. Jump is among the most sophisticated market-making operations in crypto. Both choosing Solana as the settlement layer for regulated equity trading, in coordination with companies that tokenize for BlackRock, Apollo, KKR, Hamilton Lane, BNY, and VanEck, is an endorsement that no press release alone could manufacture.

The broader Solana institutional picture over the past seven days: 

• Solana’s RWA ecosystem crossed $2.5B in total value on April 28, a 12x increase from January 2025, as per data from RWA.xyz.
• Western Union launched USDPT, its dollar-backed stablecoin, on Solana on May 4, leveraging Fireblocks as infrastructure and 360,000 global agent locations for distribution. 
• And now, on May 5, Securitize and Jump have made Solana the settlement layer for regulated on-chain stock trading.

The Solana Foundation’s Solana Developer Platform, which lists Mastercard, Western Union, and Worldpay as anchor participants, is the institutional coordination layer connecting these deployments.

Each new entrant strengthens the case for the next one: Jump chose Solana in part because Jupiter already has the distribution. Jupiter built a distribution on Solana in part because of Solana’s throughput. The throughput was validated by the Western Union and Mastercard deployments. The institutional flywheel is running.

What comes next

Securitize and Computershare announced on 29 April an agreement to enable tokenized shares for US issuers, connecting Securitize’s on-chain infrastructure to Computershare’s position as one of the largest share registry and transfer agent operators globally.

That pipeline directly populates the new Securitize-Jump-Jupiter trading venue with additional issuers and their existing shareholder bases.

Securitize and Computershare announced an agreement to support U.S. listed clients in issuing equity securities in tokenized form, enabling a new pathway for issuers to bring their shares onchain. pic.twitter.com/wQu2eMYs2E

— Securitize (@Securitize) April 29, 2026

The Depository Trust Company is expected to introduce tokenized equity rails on pre-approved blockchains in the second half of 2026. Solana’s concentration of regulated financial infrastructure makes it a candidate for that approval.

If DTC clearance arrives on Solana, the secondary market Securitize and Jump have built today becomes the settlement layer for a material share of US public equity trading tomorrow.