Add as a preferred source on GoogleFormation Plans Solana Venue for Tokenized Stocks in Early 2027
The planned marketplace would use permissioned liquidity pools and initially include tokenized shares of Exodus Movement, Forward Industries and Galaxy Digital.
Formation plans to operate a Solana venue for secondary trading in eligible tokenized stocks, targeting an early 2027 start. Formation announced that its affiliate Formation Securities had notified the U.S. Securities and Exchange Commission of the plan.
The initial lineup is expected to include tokenized shares of Exodus Movement, Forward Industries and Galaxy Digital. Token holders would have the same voting and dividend rights as other shareholders.
The planned venue would support trading around the clock with stablecoins and other assets, with trades settling atomically onchain. Superstate and Alpaca are among the planned distribution channels, while Anchorage and BitGo Bank are listed as custodians.
Formation was formed through the combination of Solana decentralized exchange Orca and Loopscale.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.