#goodnews1
Formation Securities Plans Solana Tokenized Stock Trading Venue for Early 2027
Formation Securities has notified the U.S. Securities and Exchange Commission (SEC) of plans to launch a tokenized securities venue on the Solana blockchain in early 2027, joining a growing number of firms seeking to bring traditional stock trading onto blockchain networks.
The company announced Monday that its planned platform will allow verified investors to trade tokenized shares around the clock using stablecoins and other eligible assets, while retaining the voting, dividend, and other shareholder rights associated with conventional equities.
Formation expects to initially support shares of Exodus Movement (NYSE: EXOD), Forward Industries (NASDAQ: FWDI), and Galaxy Digital (NASDAQ: GLXY)—all crypto-native firms. Tokenization providers Superstate and Securitize are expected to supply securities for the venue, which will use trading technology licensed from Solana-based decentralized exchange Orca.
The platform intends to operate under the SEC’s Innovation Exemption, introduced in September, which permits qualifying venues to facilitate secondary trading of tokenized securities through permissioned automated market maker liquidity pools, subject to regulatory conditions.
Unlike conventional stock exchanges, where trading and settlement are handled through established financial intermediaries, Formation’s system will record transactions directly on Solana. Investors will hold tokenized securities in digital wallets, with transactions designed to settle immediately and simultaneously onchain.
Formation said its approach will preserve companies’ relationships with shareholders, while transfer agents continue maintaining official ownership records.
“Tokenized stocks will succeed only if public companies see the value in them, and we intend to build this market together with issuers,” said Formation Securities President Christopher Montagano, in a statement.
#Write2Earn #sol #solana $SOL
Formation Securities Plans Solana Tokenized Stock Trading Venue for Early 2027
Formation Securities has notified the U.S. Securities and Exchange Commission (SEC) of plans to launch a tokenized securities venue on the Solana blockchain in early 2027, joining a growing number of firms seeking to bring traditional stock trading onto blockchain networks.
The company announced Monday that its planned platform will allow verified investors to trade tokenized shares around the clock using stablecoins and other eligible assets, while retaining the voting, dividend, and other shareholder rights associated with conventional equities.
Formation expects to initially support shares of Exodus Movement (NYSE: EXOD), Forward Industries (NASDAQ: FWDI), and Galaxy Digital (NASDAQ: GLXY)—all crypto-native firms. Tokenization providers Superstate and Securitize are expected to supply securities for the venue, which will use trading technology licensed from Solana-based decentralized exchange Orca.
The platform intends to operate under the SEC’s Innovation Exemption, introduced in September, which permits qualifying venues to facilitate secondary trading of tokenized securities through permissioned automated market maker liquidity pools, subject to regulatory conditions.
Unlike conventional stock exchanges, where trading and settlement are handled through established financial intermediaries, Formation’s system will record transactions directly on Solana. Investors will hold tokenized securities in digital wallets, with transactions designed to settle immediately and simultaneously onchain.
Formation said its approach will preserve companies’ relationships with shareholders, while transfer agents continue maintaining official ownership records.
“Tokenized stocks will succeed only if public companies see the value in them, and we intend to build this market together with issuers,” said Formation Securities President Christopher Montagano, in a statement.
#Write2Earn #sol #solana $SOL
