While everything bled today a quiet one dropped for $SOL .
Formation Securities says it notified the SEC it plans to run a tokenized securities venue on Solana, under the new innovation exemption. The Block and CoinDesk both have it.
Trading is targeted for early 2027. First names lined up are Galaxy Digital, Exodus and Forward Industries, sold to verified investors only, with trades against stablecoins around the clock and settled onchain. Same voting and dividend rights as normal shares, they say.
CoinDesk counts this as the fourth venue announced under the SEC framework, after OKXICE, TSV and Perpetuals.com.
Not a price story for today honestly, the tape is all about liquidations and ETF outflows. But it's another real use case for Solana rails while SOL sits on 85. Worth keeping in the back of your head.
Formation Securities says it notified the SEC it plans to run a tokenized securities venue on Solana, under the new innovation exemption. The Block and CoinDesk both have it.
Trading is targeted for early 2027. First names lined up are Galaxy Digital, Exodus and Forward Industries, sold to verified investors only, with trades against stablecoins around the clock and settled onchain. Same voting and dividend rights as normal shares, they say.
CoinDesk counts this as the fourth venue announced under the SEC framework, after OKXICE, TSV and Perpetuals.com.
Not a price story for today honestly, the tape is all about liquidations and ETF outflows. But it's another real use case for Solana rails while SOL sits on 85. Worth keeping in the back of your head.
