Formation Securities plans Solana tokenized-share trading venue
In short
Formation Securities plans a trading venue on Solana for tokenized shares from Galaxy Digital, Exodus and Forward Industries. The venue is planned to trade around the clock, with a launch targeted for early 2027.
If launched, it would give investors a new way to trade these shares on blockchain infrastructure.
What the reporting says
Formation Securities plans a Solana-based trading venue for tokenized shares from Galaxy Digital, Exodus and Forward Industries under an SEC exemption. The plan points to a further push to bring traditional shares onto blockchain rails.
Why it matters
Formation Securities is planning a Solana-based venue to trade tokenized shares from Galaxy Digital, Exodus and Forward Industries, using an SEC exemption. The proposed market would run 24/7 and is targeted for early 2027. The move matters for the named companies because it would put their shares into a blockchain trading format, potentially widening access and changing how the market for those tokenized assets operates.