www.prnewswire.com Formation Securities to Launch Tokenized Stock Trading on Solana
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- •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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