Formation Securities notified the US Securities and Exchange Commission of plans to launch a tokenized stock trading venue on Solana in early 2027. The company said shares of Galaxy Digital, Exodus Movement and Forward Industries are expected at launch; the venue is not yet operating.
Formation says the venue would use the SEC’s temporary Innovation Exemption, which permits verified investors to trade certain US-listed shares around the clock while retaining shareholder rights. Venues must notify issuers in writing and wait at least 30 calendar days before trading shares tokenized by unaffiliated third parties, giving companies a chance to object. Traditional transfer agents would maintain the official shareholder records.
