CROWDFUNDINSIDER · 2026-11-09 17:06 UTC

Formation Securities Chooses Solana to Operate Alternative Trading System for Tokenized Securities

Formation Securities has selected Solana to help power its alternative trading system for tokenized securities. The firm expects to launch its marketplace in early 2027, offering 24/7 trading and instant settlement. Co-founder and President Christopher Montagno cited Solana's reliability, speed, low cost and track record with tokenized assets, and noted competition from NYSE and Nasdaq, which are also building tokenized venues.

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