Formation notifies SEC of plan for first tokenized securities venue on Solana
Formation Securities has notified the SEC of its intent to launch Solana's first tokenized stock venue in early 2027, featuring planned offerings for Galaxy Digital, Exodus Movement, and Forward Industries shares.
Formation Securities has notified the U.S. Securities and Exchange Commission of its intention to operate what would be the first tokenized securities trading venue on the Solana blockchain. According to reports from The Block, Crypto Briefing, and CoinDesk, the venue aims to bring tokenized equities onchain using permissioned automated market makers, with a public launch targeted for early 2027.[1][2][3][4][5]
The company was formed through the merger of Solana-based decentralized finance protocols Orca and Loopscale. Initial offerings on the planned platform are expected to include tokenized shares of Exodus Movement, Forward Industries, and Galaxy Digital, operating under the U.S. regulator's framework for blockchain-based equity trading.[2][3][4][5]
Key facts
- Formation Securities notified the SEC of its intent to operate the first tokenized securities venue on Solana.
- The venue is targeted to launch in early 2027.
- Tokenized shares of Exodus Movement, Forward Industries, and Galaxy Digital are planned among the initial offerings.
- Formation Securities was established through the merger of Solana DeFi protocols Orca and Loopscale.
- The trading venue plans to offer tokenized equities via permissioned automated market makers (AMMs).
Sources · 5 sources
- TB
The Block@TheBlockCoPost on X ·
Formation notifies SEC to operate first tokenized securities venue on Solana https://t.co/2QvYwIkUki
Open source - SO
SolanaFloor@SolanaFloorPost on X ·
NEWS: @formation_so, created by the merger of @Solana DeFi protocols Orca and Loopscale, has notified the @SECGov of its intention to operate a tokenized securities venue on Solana. The venue plans to bring tokenized equities onchain, with a launch targeted for early 2027. https://t.co/CiysoFuxvH
Open source - TB
The BlockArticle ·
Formation notifies SEC to operate first tokenized securities venue on Solana Launch is expected in early 2027, with tokenized shares of Exodus Movement, Forward Industries, and Galaxy Digital among initial offerings.
Open source - CB
Crypto BriefingArticle ·
Formation Securities tells SEC it plans a tokenized stock venue on Solana Formation Securities, born from the Orca and Loopscale merger, notified the SEC it plans a tokenized stock venue on Solana via permissioned AMMs. The post Formation Securities tells SEC it plans a tokenized stock venue on Solana appeared first on Crypto Briefing .
Open source - CO
CoindeskArticle ·
Solana set for its first tokenized stock venue under SEC framework, listing Galaxy Formation Securities plans to launch in early 2027 with Galaxy, Exodus and Forward Industries shares, expanding the U.S. regulator's experiment in blockchain-based stock trading.
Open source