Chiara Bianchi
While most tokenized stock platforms have catered to offshore users, SoloTex plans to make tokenized U.S. stocks accessible to retail traders within regulatory compliance. The platform, developed by Texture Capital in partnership with Sologenic, has received approval from U.S. regulators and is expected to launch by the end of 2025.
Texture Capital, a U.S.-based broker-dealer registered with the SEC and FINRA, emphasized that SoloTex distinguishes itself by offering real share-backed tokens. According to CEOs Richard Johnson (Texture Capital) and Mike McCluskey (Sologenic), each token is minted only when the underlying stock is purchased, and the platform holds actual shares in regulated custody under U.S. law.
This contrasts with offshore platforms or synthetic structures that rely on special purpose vehicles (SPVs), which often lack regulatory oversight, carry counterparty risks, and may trade at prices disconnected from the real market.
“We believe this is a first for the U.S. market and it sets the stage for a new era of asset ownership through tokenization,” McCluskey said.
Growing Interest in Tokenized Assets
Tokenization has gained traction among major financial institutions and startups alike. Companies such as JPMorgan and Franklin Templeton have experimented with tokenizing assets like treasuries and money market funds. This technology promises faster settlement, lower costs, and broader market access, with projections estimating the market could reach trillions of dollars in the next decade.
Earlier this year, tokenized stocks became more prominent as exchanges including Gemini, Kraken, Bybit, and Robinhood launched offerings. However, these products have largely remained inaccessible to U.S. retail investors due to regulatory complexity and reliance on synthetic structures.
SoloTex Delivers On-Demand Tokenization
On SoloTex, each trade mints a stock token representing a one-to-one claim on the actual share held by the platformโs clearing broker. The tokens will grant full shareholder rights, including dividends and voting, and can be managed in a self-custodied wallet alongside other crypto holdings.
“Offering actual tokenized U.S. equities to the U.S. market has always been the holy grail,” said Ashley Ebersole, legal advisor for SoloTex. “SoloTex represents the leading edge of innovation within established regulatory frameworks, paving the way for fully tokenized capital markets as regulations evolve.”
