Key Takeaways:
- Formation Securities expects to roll out a tokenized securities venue on Solana in early 2027.
- Shares of Exodus, Forward Industries and Galaxy Digital are anticipated to be available for launch.
- The traditional rights of shareholders, such as voting and dividends, will be reserved for tokenised shares.
Formation Securities has notified the U.S. Securities and Exchange Commission (SEC) of its intention to operate a tokenized securities venue on Solana. The platform will enable US-trained stocks to be traded by verified investors on a 24/7 basis and around the clock on the public blockchain, while maintaining the rights of the holder of a traditional share.
BREAKING: Formation Securities (@formation_so) notifies the SEC of its intent to operate the first tokenized securities venue on Solana.
U.S.-listed shares with the same voting and dividend rights as the originals, settling atomically onchain, 24/7. https://t.co/SO4Jbnz4ci
— Solana (@solana) November 9, 2026
Formation Securities Prepares Solana Stock Trading Platform
The SEC’s Innovation Exemption will be adopted for the planned venue, permitting automated market maker (AMM) liquidity pools to trade eligible tokenized securities on the secondary market.
The trading is scheduled to be conducted prior to early 2027 based on the following regulatory requirements. Formation Securities expects three companies to feature at launch: Exodus Movement (NYSE: EXOD), Forward Industries (NASDAQ: FWDI), and Galaxy Digital (NASDAQ: GLXY).
The platform would get tokenized shares from the two, Superstate and Securitize. Instead of having distinct assets, the scheme aims to maintain the same voting rights, dividend rights and other benefits associated with the underlying traditional shares.
This distinction is important for tokenized equities. Investors would be able to access securities through blockchain without losing all the advantages of owning securities.
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24/7 Trading Comes With Onchain Settlement
The design for the platform from Formation Securities appears to be to allow verified investors to store these tokenized shares on their digital wallets and exchange them for a stablecoin or other valid assets. The venue is not like traditional stock exchanges with fixed market hours.
The transfers of the trades are supposed to happen atomically on Solana. This allows them to exchange assets and payments in a single on-chain transaction, thereby minimizing the settlement lag between counterparties.
The platform will also offer issuers transparency of trading as these transactions will be visible to the entire public blockchain. The companies’ official shareholder records, however, will still be kept by their transfer agents.
Major Crypto Infrastructure Providers Join the Launch
The initiative is likely to have several familiar crypto infrastructure firms. Investors can enter the venue via Formation Securities and distribution channels like Alpaca and Passage by CoinList. Among the anticipated custody providers are Anchorage Digital, BitGo and Fireblocks, among other potential access points includes Solflare, Squads and Jito’s JTX interface.
Securitize and Superstate will enable the tokenization of share supply, bridging the gap between traditional security and blockchain trading platforms.
SEC Exemption Sets the Rules for Tokenized Equities
A key obstacle in the proposed launch is the SEC’s Innovation Exemption. Qualifying tokenized stocks are eligible to trade on a qualified venue under specific conditions, such as limitations on what is listed, trading volume constraints, disclosures, and some customer verification requirements.
Formation Securities is also built on Project Open, an initiative involving Orca, Superstate, and the Solana Policy Institute that explored how securities could be issued and traded on public blockchains.
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The post Solana Tokenized Stocks Venue Targets 24/7 Trading With Three Major U.S. Stocks in 2027 appeared first on CryptoNinjas.
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