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▲ Solana (SOL)
Solana (SOL) has surged 19.3% in a week, riding on two major boons: its listing on the NYSE Arca and the issuance of tokenized stock, raising expectations for its entry into the institutional market.
According to crypto media outlet BeInCrypto on July 3 (local time), Securitize listed on the New York Stock Exchange on July 2 and immediately issued common shares as Solana-based tokenized stock. Separately, the Solana Foundation introduced a stake-weighted governance voting procedure for validators, elevating the protocol's decision-making structure to an institutional level.
Securitize completed its merger with Cantor Equity Partners II and began trading on the New York Stock Exchange under the ticker SECZ. This listing is part of a strategy to expand tokenized assets across multiple chains. Carlos Domingo, founder and CEO of Securitize, stated, “We have long been saying that listed stocks are moving on-chain.”
According to RWA.xyz data, the value of tokenized SECZ shares at the time of listing was approximately $295 million. Securitize explained that these tokens represent the identical shares traded on the New York Stock Exchange and are not synthetic wrappers. However, access is restricted to qualified U.S. investors who have passed identity verification procedures.
The Solana Foundation activated Solana Governance Proposals on July 1. Under this system, validators who have staked a minimum of 100,000 SOL can submit proposals. Key aspects include separating broad directional decisions from technical upgrades handled by developers, and allowing individual delegators to directly override validator votes.
Securitize's tokenized stock listing and Solana's governance overhaul demonstrate Solana's strategy to simultaneously attract institutional issuers and its validator base. However, how much actual on-chain trading volume SECZ tokenized shares will secure remains a variable that will determine the scalability of this strategy.
[Article Summary]
-Securitize issued common shares as Solana-based tokenized stock immediately after listing on the New York Stock Exchange.
-The value of tokenized SECZ shares was approximately $295 million at the time of listing, and Solana rose 19.3% over the week.
-The Solana Foundation introduced a stake-weighted governance system involving validators who have staked a minimum of 100,000 SOL.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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