Tokenized stocks might be the next big innovation in crypto. Which is exactly why Securtize, Jump Trading and Jupiter have just formed a new alliance.
What’s happening:
- Securitize, Jump Trading and Jupiter have partnered together to enable regulated trading of tokenized equities
Why it matters:
- Jump Trading is one of the single largest quantitative market makers in both the traditional public markets and digital assets
Going deeper:
- Securitize will act as a regulated broker-dealer to tokenize the equity of publicly traded companies in the United States onto the Solana blockchain and leverage Jump Trading’s PropAMM smart contracts to provide liquidity on the blockchain for trading tokenized stocks
- Jupiter will be the the main decentralized finance platform for investors to be able to trade the stocks that have been tokenized by Securitze as part of the new partnership
The intrigue:
- Securitize previously made major waves on Wall Street when they entered into a SPAC deal with Cantor Equity Partners (NASDAQ: CEPT) to become a publicly traded company
The fine print:
- Securitize will still screen investors based on geographical jurisdiction to determine whether or not they are allowed to trade the stocks they have tokenized on the blockchain
