After Canton debuts tokenized stock venue, Solana venue plans Galaxy, Exodus trading

Formation Securities has notified the SEC that it plans to operate a tokenized securities venue ( TSV ) on Solana, with trading expected to begin in early 2027. The first three stocks it intends to list are digital asset firm Galaxy Digital, crypto wallet developer Exodus Movement and Forward Industries, a Solana treasury company. The plan relies on the SEC’s Innovation Exemption , published in September. It lets venues trade tokenized US stocks through permissioned automated market maker (AMM) pools without registering as exchanges.