Galaxy, Exodus Tokenized Shares Headed to Orca-Powered Solana Venue in 2027
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Formation Securities plans to launch a Solana-based venue in early 2027 for tokenized equity shares, including Galaxy and Exodus stock, operating under the SEC's Innovation Exemption, which allows it to run without registering as an exchange. The platform will use Orca's automated market maker infrastructure to power trading. The move matters because it tests whether tokenized public equities can trade on decentralized rails within a regulatory carve-out, potentially broadening access to on-chain stock trading. What to watch next is whether Formation secures the exemption and whether other issuers and market makers follow onto the Solana venue ahead of its 2027 debut.
Muhabbit's AI wrote this summary in its own words from Unchained's report. It can get details wrong, so check the source.
Named in this story
Formation Securities, Galaxy, Exodus, Solana (SOL), Orca, SEC
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