CryptoMediumUpdated•Originally published 9 November 2026•Updated 9 November 2026•
1 min read
Formation notifies SEC of plans to launch first Solana-based tokenized securities venue
Key Facts
1Formation has notified the SEC of its intent to operate the first tokenized securities venue on the Solana blockchain.
2The launch is expected in early 2027, featuring tokenized shares of Exodus Movement, Forward Industries, and Galaxy Digital.
Formation Securities has notified the SEC of its intent to operate the first tokenized securities venue on the Solana blockchain. Reuters reported that the launch is expected in early 2027 and will feature tokenized shares of Exodus Movement, Forward Industries, and Galaxy Digital.
Formation Securities was formed through the merger of Orca and Loopscale and plans to utilize permissioned automated market makers (AMMs) for its new venue. Regarding the entities involved in the initial offering, EXOD closed at $4.07, FWDI closed at $5.7, and GLXY closed at $13.66 on November 6, 2026.