Formation Securities Plans Solana Stock Trading Venue Under SEC Exemption

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Formation Securities and SEC Exemption":"Formation Securities, a newly established company, has notified the US Securities and Exchange Commission (SEC) of its plans to launch a tokenized stock trading venue on Solana in early 2027. The company intends to use automated market maker (AMM) technology to allow investors to hold securities in their own wallets and settle trades on-chain against stablecoins and other eligible assets. The venue will operate under the SEC’s temporary Innovation Exemption, which allows verified investors to trade certain US-listed shares around the clock while retaining voting, dividend, and other shareholder rights.","

Tokenized Shares":"The proposed venue will offer tokenized shares of Galaxy Digital, Exodus Movement, and Forward Industries. Formation Securities has stated that these shares are expected to be available at launch. The company has also mentioned that Superstate and Securitize are expected to make tokenized shares available on the marketplace, which Formation intends to develop in cooperation with public companies.","

Solana Blockchain":"Solana is already among the largest blockchains for tokenized equities, with approximately $575 million in tokenized stock value as of Monday, according to RWA.xyz data. The proposed venue aims to bring more liquidity to the Solana blockchain and potentially increase its adoption of tokenized stocks."}