[CoinDesk] Solana lset for its first tokenized stock venue under SEC framework, listing Galaxy
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Formation Securities plans to launch the first tokenized stock venue on Solana in early 2027, listing tokenized shares of Galaxy, Exodus and Forward Industries under the SEC's blockchain-based trading framework. The venue marks the first tokenized equity market on Solana and expands the U.S. regulator's experiment in on-chain stock trading beyond existing platforms. It matters because it tests whether tokenized equities can gain traction on a high-throughput chain, potentially broadening Solana's role beyond crypto trading into traditional securities. What to watch next is whether Formation secures the necessary approvals and launches on schedule, and whether additional issuers and trading volume follow the initial three listings.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Solana (SOL), Formation Securities, SEC, Galaxy, Exodus, Forward Industries
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