COINTELEGRAPH · 2026-11-09 19:52 UTC

Formation Securities plans Solana stock trading venue under SEC exemption

Formation Securities, a newly established company licensing technology from the decentralized exchange Orca, has notified the SEC of plans to launch a tokenized stock trading venue on Solana in early 2027. Tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries are expected at launch, with Superstate and Securitize expected to provide tokenized shares, and the venue would use AMM technology with onchain settlement against stablecoins. The article notes Solana holds about $575 million in tokenized stock value, versus $747 million on Ethereum and $1.7 billion on BNB Chain,…

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