Formation Securities plans to launch a tokenized securities trading platform on Solana

According to The Block, Formation Securities has notified the U.S. Securities and Exchange Commission (SEC) of its plan to operate a tokenized securities trading platform on Solana, aiming to launch trading in early 2027.

The company plans to conduct compliant secondary trading of tokenized stocks conditionally through a licensed automated market maker liquidity pool within a compliant trading venue, based on the SEC's innovative exemption mechanism. The first products are planned to include tokenized stocks of Exodus Movement, Forward Industries, and Galaxy Digital.

Formation stated that these tokenized stocks will retain the same voting rights and dividend rights as other shareholders, allowing investors to trade with stablecoins and other qualified assets around the clock, with atomic settlement completed on-chain.