🚨 BREAKING NEWS: Formation Securities plans Solana stock trading venue under SEC exemption
The proposed venue would offer 24/7 trading of tokenized shares from Galaxy Digital, Exodus and Forward Industries, with a launch planned for early 2027.
Formation Securities, a newly established company licensing technology from decentralized exchange Orca, has notified the US Securities and Exchange Commission (SEC) of plans to launch a tokenized stock trading venue on Solana in early 2027.
The companysaidMonday that tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries are expected to be available at launch. The venue would operate under the SEC’s temporary Innovation Exemptionannouncedin September, which allows verified investors to trade certain US-listed shares around the clock while retaining voting, dividend and other shareholder rights.
Superstate and Securitize are expected to make tokenized shares available on the marketplace, which Formation says it intends to develop in cooperation with public companies. The venue would use automated market maker (AMM) technology, allowing investors to hold securities in their own wallets and settle trades onchain against stablecoins and other eligible assets.
🔗 [READ FULL HERE](https://cointelegraph.com/news/formation-securities-solana-stock-trading-venue-sec-exemption?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
📰 Nguồn: 🪙 CoinTelegraph
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The proposed venue would offer 24/7 trading of tokenized shares from Galaxy Digital, Exodus and Forward Industries, with a launch planned for early 2027.
Formation Securities, a newly established company licensing technology from decentralized exchange Orca, has notified the US Securities and Exchange Commission (SEC) of plans to launch a tokenized stock trading venue on Solana in early 2027.
The companysaidMonday that tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries are expected to be available at launch. The venue would operate under the SEC’s temporary Innovation Exemptionannouncedin September, which allows verified investors to trade certain US-listed shares around the clock while retaining voting, dividend and other shareholder rights.
Superstate and Securitize are expected to make tokenized shares available on the marketplace, which Formation says it intends to develop in cooperation with public companies. The venue would use automated market maker (AMM) technology, allowing investors to hold securities in their own wallets and settle trades onchain against stablecoins and other eligible assets.
🔗 [READ FULL HERE](https://cointelegraph.com/news/formation-securities-solana-stock-trading-venue-sec-exemption?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
📰 Nguồn: 🪙 CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
