COINDESK · 2026-11-09 12:41 UTC

Solana lset for its first tokenized stock venue under SEC framework, listing Galaxy

Formation Securities told CoinDesk it notified the SEC of plans to operate a tokenized securities venue on Solana, with trading expected to begin in early 2027. Initial tokenized share lineup includes Galaxy Digital (GLXY), Exodus Movement (EXOD) and Forward Industries (FWDI). Solana ranks third in tokenized stock value behind Ethereum and BNB Chain, with about $570 million of the $3.8 billion market, per RWA.xyz.

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