CRYPTO IN AMERICA · 2026-11-09 13:06 UTC

New Tokenized Stock Venue Bets on Issuer Buy-In as Corporate Backlash Grows

Formation Securities, the tokenized securities arm of the merged Solana-based firms Orca and Loopscale, notified the SEC of plans to operate a tokenized securities venue under the SEC's Innovation Exemption. The venue has consent to tokenize shares from Exodus, Forward Industries and Galaxy Digital, with trading expected to begin early next year, while it seeks issuer approval upfront unlike OKXICE's 30-day objection window. Formation President Chris Montagano said companies remain skeptical over illicit activity, asset security and crypto's hacks and scandals, and that discussions with…

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