Formation Securities plans Solana stock trading venue under SEC exemption

The proposed venue would offer 24/7 trading of tokenized shares from Galaxy Digital, Exodus and Forward Industries, with a launch planned for early 2027. Formation Securities, a newly established company licensing technology from decentralized exchange Orca, has notified the US Securities and Exchange Commission (SEC) of plans to launch a tokenized stock trading venue on Solana in early 2027. The company said Monday that tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries are expected to be available at launch.