Broker-Dealer Formation Plans to Launch Tokenized Securities Trading Platform on Solana

TechFlow reported on Nov. 9, citing The Block, that Formation Securities has notified the U.S. Securities and Exchange Commission (SEC) that it plans to operate a tokenized securities trading platform on Solana, with trading targeted to begin in early 2027.

The company plans to conditionally conduct secondary trading of qualifying tokenized stocks through permissioned automated market maker (AMM) liquidity pools within a regulated trading venue, under the SEC's innovation exemption framework. The first planned products include tokenized stocks of Exodus Movement, Forward Industries, and Galaxy Digital.

Formation said these tokenized stocks will retain the same voting rights and dividend rights as other shareholders, enabling investors to trade 24/7 using stablecoins and other eligible assets, with atomic settlement completed on-chain.

Source: TechFlow