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Formation Securities to Launch Tokenized Stock Trading on Solana

Formation Securities to Launch Tokenized Stock Trading on Solana

First seen 9 Nov 2026, 21:40 UTC • •

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ThreatCluster AI
ThreatCluster •November 9, 2026 at 21:41 UTC
  • •Formation Securities plans to launch a tokenized stock trading venue on Solana in early 2027.
  • •The venue will allow 24/7 trading of tokenized shares while preserving shareholder rights.
  • •Over 50 companies have raised objections to the tokenization of their shares on competing platforms.

Formation Securities has notified the SEC of its intent to create a tokenized stock trading venue on the Solana blockchain, expected to launch in early 2027. The platform will allow verified investors to trade tokenized shares of companies like Galaxy Digital, Exodus Movement, and Forward Industries, while retaining traditional shareholder rights. The trading venue will operate under the SEC's Innovation Exemption, which permits around-the-clock trading of eligible stocks through automated market maker (AMM) liquidity pools. This initiative comes amid ongoing debates about the tokenization of publicly traded shares, with over 50 companies expressing concerns about their shares being tokenized without consent. The venue aims to enhance accessibility to trading while maintaining official shareholder records through traditional transfer agents.

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Timeline

2026-11-09
Formation Securities notifies SEC
Formation Securities announced its intent to operate a tokenized securities venue on Solana, expected to launch in early 2027.
PR Newswire
2026-11-09
Tokenized shares to be available
Tokenized shares of Galaxy Digital, Exodus Movement, and Forward Industries are anticipated to be available at launch.
Cointelegraph

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Common questions

What is the SEC's Innovation Exemption?
The Innovation Exemption allows certain trading venues to operate with fewer restrictions, enabling verified investors to trade tokenized shares while retaining traditional shareholder rights.
Which companies' shares will be tokenized?
The initial offerings will include tokenized shares from Galaxy Digital, Exodus Movement, and Forward Industries.
When will trading begin?
Trading is expected to start in early 2027, pending regulatory approval.