đ Formation plans a 24/7 tokenized stock venue on Solana
Formation Securities, a new company licensing technology from DEX Orca, has notified the SEC of plans to launch a tokenized stock trading venue on Solana in early 2027. Tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries are expected at launch, with Superstate and Securitize supplying the tokens.
The venue would run under the SEC's temporary Innovation Exemption, using AMM technology so investors can hold shares in their own wallets and settle onchain against stablecoins. Solana already hosts about $575 million in tokenized stocks, versus $747 million on Ethereum and $1.7 billion on BNB Chain, per RWA.xyz.
â An issuer-friendly model arrives as more than 50 companies have objected to OKXâICE tokenizing their shares, making Solana a key test for how stocks move onchain.
#Solana #SOL #Tokenization #RWA #SEC
Formation Securities, a new company licensing technology from DEX Orca, has notified the SEC of plans to launch a tokenized stock trading venue on Solana in early 2027. Tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries are expected at launch, with Superstate and Securitize supplying the tokens.
The venue would run under the SEC's temporary Innovation Exemption, using AMM technology so investors can hold shares in their own wallets and settle onchain against stablecoins. Solana already hosts about $575 million in tokenized stocks, versus $747 million on Ethereum and $1.7 billion on BNB Chain, per RWA.xyz.
â An issuer-friendly model arrives as more than 50 companies have objected to OKXâICE tokenizing their shares, making Solana a key test for how stocks move onchain.
#Solana #SOL #Tokenization #RWA #SEC
