✅ Formation Securities Files Notice with SEC to Launch First Solana-Based Tokenized Stock Venue
Formation Securities has officially filed a notice with the US Securities and Exchange Commission (SEC) outlining plans to launch a dedicated marketplace for tokenized securities on the Solana blockchain. Operating under the SEC’s "Innovation Exemption" regulatory framework, the platform is expected to launch in early 2027.
The initiative leverages trading technology from the decentralized protocol Orca, enabling 24/7 trading of tokenized equities within liquidity pools backed by instant on-chain atomic settlement. A key condition of the regulatory framework is that investors retain all standard shareholder rights, including voting privileges and dividend distributions.
At launch, the venue plans to offer tokenized shares of three publicly traded companies: Galaxy Digital (Nasdaq: GLXY), Exodus Movement (NYSE: EXOD), and Forward Industries (Nasdaq: FWDI). The tokenized equities will be issued by project partners Securitize and Superstate, with each token backed on a 1:1 basis by real shares held at a licensed broker-dealer. Access to trading will be available to verified investors through ecosystem partners, including custodial services and compatible crypto wallets.
#SOL #SOLANA #SEC $SOL $FWDI $ORCA
Formation Securities has officially filed a notice with the US Securities and Exchange Commission (SEC) outlining plans to launch a dedicated marketplace for tokenized securities on the Solana blockchain. Operating under the SEC’s "Innovation Exemption" regulatory framework, the platform is expected to launch in early 2027.
The initiative leverages trading technology from the decentralized protocol Orca, enabling 24/7 trading of tokenized equities within liquidity pools backed by instant on-chain atomic settlement. A key condition of the regulatory framework is that investors retain all standard shareholder rights, including voting privileges and dividend distributions.
At launch, the venue plans to offer tokenized shares of three publicly traded companies: Galaxy Digital (Nasdaq: GLXY), Exodus Movement (NYSE: EXOD), and Forward Industries (Nasdaq: FWDI). The tokenized equities will be issued by project partners Securitize and Superstate, with each token backed on a 1:1 basis by real shares held at a licensed broker-dealer. Access to trading will be available to verified investors through ecosystem partners, including custodial services and compatible crypto wallets.
#SOL #SOLANA #SEC $SOL $FWDI $ORCA