Formation Securities has notified the U.S. SEC of its plan to operate a tokenized securities trading venue on Solana.
According to The Block, the platform will use the SEC’s “innovation exemption” to enable secondary trading of eligible tokenized stocks through permissioned automated market maker liquidity pools, with trading targeted to begin in early 2027. The first tokenized stocks to launch will be those of Exodus Movement, Forward Industries, and Galaxy Digital. Holders will have the same voting and dividend rights as other shareholders, be able to trade around the clock using assets such as stablecoins, and settle transactions atomically on-chain.
· Formation was formed through the merger of Solana ecosystem DEX Orca and Loopscale. This approach brings brokers’ secondary trading activities on-chain.
· Notifying the SEC does not mean approval has been granted. The specific conditions for applying the innovation exemption and whether the plan can ultimately be implemented remain unclear.
Would you first watch the trading volume of the first three tokenized stocks, or how holders exercise their voting rights?
According to The Block, the platform will use the SEC’s “innovation exemption” to enable secondary trading of eligible tokenized stocks through permissioned automated market maker liquidity pools, with trading targeted to begin in early 2027. The first tokenized stocks to launch will be those of Exodus Movement, Forward Industries, and Galaxy Digital. Holders will have the same voting and dividend rights as other shareholders, be able to trade around the clock using assets such as stablecoins, and settle transactions atomically on-chain.
· Formation was formed through the merger of Solana ecosystem DEX Orca and Loopscale. This approach brings brokers’ secondary trading activities on-chain.
· Notifying the SEC does not mean approval has been granted. The specific conditions for applying the innovation exemption and whether the plan can ultimately be implemented remain unclear.
Would you first watch the trading volume of the first three tokenized stocks, or how holders exercise their voting rights?
