Formation Securities targets Solana stock trading launch
By Liezl GambeKey points
- Formation Securities plans to launch a tokenised securities trading venue on Solana (SOL) in early 2027.
- Initial listings are expected to include Exodus Movement, Forward Industries and Galaxy Digital.
- The platform aims to provide 24/7 stock trading while preserving traditional shareholder rights, including voting and dividends.
Formation Securities LLC plans to operate a tokenised securities trading venue on Solana, targeting an early 2027 launch.
The company intends to operate under the SEC's Innovation Exemption, which permits qualifying secondary trading of tokenised stocks.
“Formation Securities is designed to give issuers and investors a new, transparent market,” according to President of Formation Securities Christopher Montagano.
Initial listings are expected to include Exodus Movement (NYSE:EXOD), Forward Industries (NASDAQ:FWDI) and Galaxy Digital (NASDAQ:GLXY).
“Tokenized securities venues should be able to focus on execution and liquidity,” according to Securitize CEO Carlos Domingo.
Verified investors will hold tokenised shares in digital wallets and trade around the clock against stablecoins and eligible assets.
Solana already hosts more than $5 billion in tokenised real-world assets, with transactions settling within seconds.
The planned venue will operate under SEC conditions, including trading limits, public disclosures and investor verification requirements.
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