Fused

Solana Labs is building a product that’s gonna compete with everything Do you know how to build a competitive product? No, do you? No

25 U.S. stocks are now available on Solana through @Securitize, but I think the bigger development is how these tokens could eventually become actual shares on a company’s shareholder register. On November 2, Securitize expanded its tokenized-equity offering from 12 to 25 stocks, adding ExxonMobil, Disney, Salesforce, GameStop, Lockheed Martin and eight others. ● The Ownership Structure Each Securitize Stock: ➤ Is backed 1:1 by an underlying share held in custody. ➤ Represents a security entitlement under UCC Article 8. ➤ Preserves applicable economic rights, including dividends and voting where provided. ➤ Trades on Solana with USDC settlement. ➤ Has a conditional route to direct ownership if the issuer adopts tokenization. That last point is the key. Securitize calls it a Convertible Entitlement Token (CET). Today, investors hold a security entitlement through regulated brokerage infrastructure, not shares recorded directly on the company’s shareholder register. But if the underlying company adopts issuer-sponsored tokenization, that entitlement can convert into shares recorded by its transfer agent. This lets Securitize tokenize entitlements to existing shares without the issuer sponsoring a token today. It doesn’t make tokenholders registered shareholders automatically. It creates a potential bridge between two forms of ownership. ● How The Models Compare 1. @xStocksFi xStocks are backed 1:1 by underlying shares but structured as tracker certificates issued by a Jersey entity. They offer economic exposure without direct ownership or voting rights, prioritizing transferability and DeFi composability. 2. @Ondo Ondo’s international stock tokens track total returns, including reinvested dividends, without granting direct ownership. Separately, its U.S. custodial tokenization model supports shareholder voting through Broadridge. Ondo is therefore building across multiple legal structures, not just exposure products. 3. @DinariGlobal Dinari’s dShares are backed 1:1 by securities and preserve dividends, corporate actions and voting where applicable. Holders own tokenized securities backed by custodied shares, not directly registered shares. 4. @Securitize Securitize combines an existing securities-entitlement structure with a possible conversion into issuer-registered shares. That’s different from maintaining economic exposure indefinitely through a wrapper. ● Infrastructure And Access Securitize uses regulated brokerage infrastructure, JumpTrading for market making and Solana for settlement. Trading extends beyond conventional market hours, with 24/7 availability planned. The trade-off is access: investors face eligibility and compliance requirements, and tokens aren’t necessarily as permissionlessly transferable as standard crypto assets. Conversion still requires issuer adoption. None of the 25 underlying companies sponsors these tokens, so direct onchain shareholder ownership remains a future possibility, not today’s reality. ● The Competitive Landscape The market is developing along two tracks. One prioritizes liquidity, distribution and DeFi integration. The other focuses on legal ownership, regulated settlement and integration with traditional securities infrastructure. They may converge, but they aren’t equivalent. The next milestone isn’t Securitize expanding from 25 to 100 stocks. It’s the first major issuer enabling tokenized entitlements to convert into directly registered shares. That would be more consequential than putting another stock ticker onchain: it would connect onchain trading with a company’s official ownership infrastructure.

BREAKING: Stablecoin Account is live in Samsung Wallet, across 82 million compatible Galaxy devices. Buy, hold and send USDC on Solana from the same wallet Galaxy users already open for cards, boarding passes and IDs.

👑👑👑 Before you build a $1b per day volume business you need to build a $100m a day volume business.

Pengu. Thank you for your attention to this matter.

NEWS: @JupiterExchange ranked as the #1 DEX aggregator across all chains by trading volume in Q3 2026. Jupiter has maintained its lead for 8 consecutive quarters despite operating exclusively on @Solana.

ANALYSIS: 📊 Bitcoin broke above $80K as about $300M in BTC shorts were liquidated, with Glassnode mapping more potential short liquidations near $87K. Could forced buying fuel another leg higher? 👇 coinmarketcap.com/academy/ar…

Never underestimate the power of a good meme❗️❗️❗️

Tokenized equities. Prediction markets. Stablecoins. Collectibles. Treasuries. Payments. Fossils. Robots. Gaming. Mining. Agents. Memes. DePIN. RWAs. Perps. Art. AI. Solana.

If you are in data centers, pivot to crypto

$xZEC is live on Solana via @hylo_so

We’re tokenizing one of 2026's largest IPOs. Details coming soon. Think big.