Formation Securities Plans Solana Tokenized Stock Trading Venue for Early 2027

Formation Securities has notified the SEC of plans to launch a tokenized securities trading venue on Solana in early 2027, offering round-the-clock stock trading with Galaxy Digital, Exodus, and Forward Industries among the anticipated initial listings. The venue would bring continuous equity trading to the Solana chain, which has increasingly positioned itself as a hub for tokenized real-world assets. The move comes as rival tokenization efforts face growing corporate opposition, raising questions about how traditional issuers will engage with blockchain-based share trading. Formation's SEC filing marks an early regulatory step rather than an approval, and the timeline leaves roughly a year before launch. What to watch next is whether the SEC accepts the filing and whether more issuers sign on beyond the three named firms.