THE STREET · 2026-11-09 14:06 UTC

Formation Securities seeks SEC approval to trade tokenized stocks on Solana

Formation Securities has notified the SEC that it plans to run what it calls the first tokenized securities venue on Solana, with trading expected to begin in early 2027. Launch listings include tokenized shares of Exodus Movement (EXOD), Forward Industries (FWDI) and Galaxy Digital (GLXY), supplied by Superstate and Securitize. The venue relies on the SEC's Innovation Exemption from September 2026, and only verified investors can trade at first, with access through partners such as Alpaca, Anchorage Digital, BitGo, Fireblocks and Jito's JTX interface.

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