Formation Securities says it will launch a tokenized-stock trading venue on the Solana blockchain in early 2027, using an SEC exemption it describes as the “Innovation Exemption.” The venue would allow trading of tokenized shares from firms including Galaxy Digital, Exodus, and Forward Industries (also referred to as Exodus Movement by one outlet), and is described as offering around-the-clock trading.
Across the coverage, outlets focus on how the plan fits into the SEC’s broader approach to regulating blockchain-based securities. Decrypt and Cointelegraph both describe the venue’s initial listings and timing, while CoinDesk frames the move as expanding the SEC’s “experiment” in crypto-enabled stock trading. The Block similarly highlights the SEC notification process and the expected start date.
One outlet adds that the tokenized shares would carry voting and dividend rights aligned with real stock, providing additional detail beyond the general announcement reported by the others.
