Funding
Formation Securities Plans to Launch Tokenized Stock Trading on Solana
Formation Securities, operating under the SEC’s ‘Innovation Exemption,’ plans to list tokenized shares of Exodus, Forward Industries, and Galaxy Digital on Solana in early 2027. These shares will carry the same voting and dividend rights as traditional stock, with trading expected to begin in early 2027. The firm licenses its trading technology from Solana-based exchange Orca and is expected to be supported by tokenization firms Securitize and Superstate. Formation Securities aims to build the market together with issuers, and trading will be limited to verified investors who can access the venue through Formation’s platform and distributors including Alpaca, CoinList’s Passage, custodians Anchorage, BitGo, and wallet providers Sol.