【Breaking】Formation plans to operate a tokenized securities trading venue on Solana, has notified the US SEC
According to The Block, Formation, formed through the merger of Solana ecosystem DEX Orca and Loopscale, announced that its subsidiary Formation Securities has notified the US SEC of plans to operate a tokenized securities trading venue on Solana under the SEC’s “innovation exemption.” The venue will facilitate secondary trading of eligible tokenized stocks through permissioned automated market maker liquidity pools. The platform aims to begin trading in early 2027, with tokenized stocks from Exodus Movement, Forward Industries, and Galaxy Digital among the first to be listed. Holders will have the same voting and dividend rights as other shareholders, be able to trade assets such as stablecoins around the clock, and settle transactions atomically on-chain.
My take: In the short term, I treat regulatory news as bearish across the board. My advice is to wait until the uncertainty is resolved and any penalties are clarified before rushing to buy the dip.
$SOL
#快讯 #稳定币 $GOOG $ETH
According to The Block, Formation, formed through the merger of Solana ecosystem DEX Orca and Loopscale, announced that its subsidiary Formation Securities has notified the US SEC of plans to operate a tokenized securities trading venue on Solana under the SEC’s “innovation exemption.” The venue will facilitate secondary trading of eligible tokenized stocks through permissioned automated market maker liquidity pools. The platform aims to begin trading in early 2027, with tokenized stocks from Exodus Movement, Forward Industries, and Galaxy Digital among the first to be listed. Holders will have the same voting and dividend rights as other shareholders, be able to trade assets such as stablecoins around the clock, and settle transactions atomically on-chain.
My take: In the short term, I treat regulatory news as bearish across the board. My advice is to wait until the uncertainty is resolved and any penalties are clarified before rushing to buy the dip.
$SOL
#快讯 #稳定币 $GOOG $ETH
