News
Formation Securities files with SEC to launch tokenized stock venue on Solana
Formation Securities, formed from the Orca and Loopscale merger, notified the U.S. Securities and Exchange Commission that it intends to operate a tokenized securities venue on Solana using permissioned automated market maker pools. The venue would operate under the SEC’s innovation exemption, which permits conditional secondary trading of eligible tokenized stocks on qualified venues until September 17, 2031. The company plans to leverage its existing trading and credit infrastructure while pursuing the necessary licenses. The filing is presented as a reputational win for Solana as a potential host for regulated equity activity.