Formation to Launch Tokenized Securities Platform on Solana by Early 2027

Cointime update: Formation Securities has notified the U.S. Securities and Exchange Commission that it plans to operate a tokenized securities trading platform on Solana, targeting the start of trading in early 2027. The company intends to rely on the SEC’s innovation exemption to conduct conditional secondary trading of tokenized stocks through permissioned automated market maker liquidity pools within a compliant venue. Initial products are set to include tokenized shares of Exodus Movement, Forward Industries and Galaxy Digital, with holders retaining the same voting and dividend rights as other shareholders and trading 24/7 with stablecoins and other eligible assets, settled atomically on-chain.