Tokenized stocks from Galaxy and Exodus are set to launch on a Solana trading venue in early 2027.
Unchained reports that Formation Securities says the venue is powered by Orca technology and will launch under an SEC innovation exemption, which allows it to operate without registering as an exchange. The issuers, underlying assets, and launch year have been confirmed, but the exact launch date and range of tradable assets have not been disclosed.
· The shift is from issuing tokenized stocks to listing them on a trading venue, with Orca providing the underlying technology.
· What remains to be confirmed is the exemption’s actual scope and whether the venue can support genuine trading activity.
Would you first check out the venue’s initial listings, or wait for the details of the innovation exemption to be finalized?
$ORCA
Unchained reports that Formation Securities says the venue is powered by Orca technology and will launch under an SEC innovation exemption, which allows it to operate without registering as an exchange. The issuers, underlying assets, and launch year have been confirmed, but the exact launch date and range of tradable assets have not been disclosed.
· The shift is from issuing tokenized stocks to listing them on a trading venue, with Orca providing the underlying technology.
· What remains to be confirmed is the exemption’s actual scope and whether the venue can support genuine trading activity.
Would you first check out the venue’s initial listings, or wait for the details of the innovation exemption to be finalized?
$ORCA
