Today I came across some pretty significant regulatory and tokenization news: Formation Securities announced that it has filed a notice with the U.S. SEC, planning to launch the first tokenized securities venue (TSV) on Solana under the SEC’s “innovation exemption” framework.
Trading is expected to begin in early 2027, with tokenized shares of Exodus Movement (NYSE: EXOD), Forward Industries (Nasdaq: FWDI), and Galaxy Digital (Nasdaq: GLXY) among the first offerings. These tokens will carry voting and dividend rights just like ordinary U.S. stocks—they’re not synthetic tokens that merely track prices. Investors will need to be verified, and shares will be held in their own wallets, with around-the-clock trading in stablecoins and atomic on-chain settlement. Trading technology will come from Solana DEX Orca, while Superstate and Securitize will provide the tokenized shares.
The approach is also different: OKXICE, the joint venture between OKX and NYSE parent ICE, wants to offer tokenized stocks, but roughly 90% of the companies approached reportedly objected. Formation, by contrast, secured support from these three issuers before making its announcement. The venue hasn’t opened yet—it has only notified regulators and set a timeline—but the first stock venue on Solana to operate under an SEC framework marks another step forward for this direction.
#代币化证券 #Solana #SEC
Trading is expected to begin in early 2027, with tokenized shares of Exodus Movement (NYSE: EXOD), Forward Industries (Nasdaq: FWDI), and Galaxy Digital (Nasdaq: GLXY) among the first offerings. These tokens will carry voting and dividend rights just like ordinary U.S. stocks—they’re not synthetic tokens that merely track prices. Investors will need to be verified, and shares will be held in their own wallets, with around-the-clock trading in stablecoins and atomic on-chain settlement. Trading technology will come from Solana DEX Orca, while Superstate and Securitize will provide the tokenized shares.
The approach is also different: OKXICE, the joint venture between OKX and NYSE parent ICE, wants to offer tokenized stocks, but roughly 90% of the companies approached reportedly objected. Formation, by contrast, secured support from these three issuers before making its announcement. The venue hasn’t opened yet—it has only notified regulators and set a timeline—but the first stock venue on Solana to operate under an SEC framework marks another step forward for this direction.
#代币化证券 #Solana #SEC
