Solana's SOL Token Surges 19% as Securitize Lists on NYSE

Solana's SOL token surged 19% over the past week, fueled by the listing of Securitize on the New York Stock Exchange. On Thursday, July 2, Securitize became a publicly traded company and immediately tokenized its common stock on Solana (SOL).

The move is significant as it marks one of the first times a public equity has been tokenized on a blockchain. Securitize's listing on the NYSE was under the ticker SECZ, and it completed a merger with Cantor Equity Partners II.

Roughly $295 million in tokenized SECZ shares were traded at launch, tracked by blockchain data from RWA.xyz. The tokens represent the same shares trading on the NYSE, not a synthetic wrapper, according to Securitize.

Additionally, validators on Solana gained a formal stake-weighted voting process for protocol decisions, allowing them to submit proposals and vote on governance issues. This move is seen as a way to increase transparency and engagement with the Solana community.