Formation Securities said on Nov. 9 that it notified the SEC of plans to operate a tokenized securities venue on Solana ($SOL ). The company plans to use trading technology licensed from Orca and is targeting early 2027 for trading to begin.
The company expects the venue to include tokenized shares of Exodus Movement, Forward Industries and Galaxy Digital. The idea is to bring those shares onto a public blockchain while preserving shareholder rights. For now, the notice describes the company's plans and trading has yet to start.
Source: https://www.prnewswire.co.uk/news-releases/formation-securities-notifies-sec-of-intent-to-operate-first-tokenized-securities-venue-on-solana-302932907.html
#Solana #TokenizedStocks #CryptoNews
The company expects the venue to include tokenized shares of Exodus Movement, Forward Industries and Galaxy Digital. The idea is to bring those shares onto a public blockchain while preserving shareholder rights. For now, the notice describes the company's plans and trading has yet to start.
Source: https://www.prnewswire.co.uk/news-releases/formation-securities-notifies-sec-of-intent-to-operate-first-tokenized-securities-venue-on-solana-302932907.html
#Solana #TokenizedStocks #CryptoNews
