Table of Contents
Securitize announced on May 5 a three-way integration with Jump Trading Group and Jupiter to enable fully onchain, regulated trading of tokenized U.S. equities on Solana — combining a registered broker-dealer and alternative trading system with institutional market-making infrastructure and a DeFi distribution layer. Securitize provides the regulated broker-dealer, ATS, transfer agent infrastructure and KYC-enabled whitelisted wallets that ensure regulated execution and legally recognised ownership. Jump provides liquidity through its PropAMM deployed on Solana. Jupiter serves as the user-facing access point, allowing investors to discover and trade tokenized equities through a DeFi interface. The announcement arrived one day after Securitize received FINRA approval to custody tokenized securities within a regular broker-dealer and underwrite tokenized IPOs — an authorisation that enables atomic settlement between tokenized securities and stablecoins onchain.
Jump's PropAMM brings institutional market-making to tokenized securities on Solana
The liquidity layer is structurally different from conventional DeFi automated market makers. Jump's PropAMM is an onchain program that provides executable bids and offers for a given trading pair, but unlike a passive AMM — where prices follow a fixed mathematical curve and only move when someone trades against the pool — a PropAMM continuously reprices its liquidity based on an offchain pricing model. Jump's technical documentation states the model was originally designed for highly traded assets such as BTC, ETH and SOL, and can extend to all onchain markets including tokenized securities. PropAMM already supports liquidity across billions in monthly volume on Solana. The partnership operates within existing U.S. securities regulations and cites recent SEC Division of Trading and Markets staff guidance on tokenized securities, which clarifies that a tokenized security is a financial instrument enumerated in the definition of "security" under federal securities laws, formatted as or represented by a crypto asset, where the record of ownership is maintained on or through one or more crypto networks.
The integration addresses the secondary liquidity gap that has constrained tokenized equity markets
The three-party structure targets a gap that has constrained tokenized equity markets since their earliest deployments: issuance infrastructure existed, but regulated secondary liquidity did not. By integrating Securitize's compliance layer directly with Jump's onchain market-making and Jupiter's aggregation interface, the partnership attempts to replicate the full market structure stack — issuance, execution and distribution — within a single regulated environment on a public blockchain. Securitize has also announced a proposed business combination with Cantor Equity Partners II (Nasdaq: CEPT). The press release does not disclose which specific equities will be available at launch, the number of active whitelisted wallets, minimum investment thresholds, fee structures, revenue-sharing arrangements, excluded jurisdictions, or whether the FINRA approval covers all equity categories intended for the platform. The partnership also has potential applicability to other real-world asset categories including real estate, where secondary market liquidity has similarly lagged behind issuance activity. In practice, what the May 5 announcement establishes is a live integration of regulated broker-dealer infrastructure with institutional onchain liquidity and DeFi distribution on Solana — a combination that did not previously exist in a single regulated environment.
FAQ
What is the Securitize, Jump and Jupiter tokenized equity partnership? A three-way integration enabling regulated trading of tokenized U.S. equities on Solana. Securitize provides the SEC-registered broker-dealer, ATS and transfer agent infrastructure with KYC-enabled wallets. Jump Trading supplies onchain liquidity through its PropAMM. Jupiter serves as the DeFi distribution interface for investors.
What is Jump's PropAMM and how does it differ from a standard AMM? PropAMM is an onchain program that provides executable bids and offers but continuously reprices its liquidity based on an offchain pricing model, unlike passive AMMs that follow fixed mathematical curves. It was originally built for assets like BTC and ETH and already supports billions in monthly volume on Solana.
Which equities can be traded through the Securitize tokenized equity platform? The specific equities available at launch have not been disclosed. The platform operates under SEC guidance on tokenized securities and uses Securitize's FINRA-approved broker-dealer infrastructure for custody and settlement.
