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ARBFormation Securities says it will launch tokenised stock venue on Solana in early 2027
Formation Securities has told the SEC it plans a Solana-based venue for round-the-clock trading of tokenised shares, starting with crypto-native issuers such as Galaxy Digital and Exodus.
Key points
- Formation plans to launch the venue in early 2027, with trading and settlement recorded directly on Solana.
- Superstate and Securitize will supply tokenised securities, while Orca licenses the trading technology.
Superstate and Securitize are lined up to provide the tokenised securities, and the venue will use trading technology licensed from Orca, a Solana-based decentralised exchange.
Transactions would be recorded on Solana and settle immediately onchain, with transfer agents keeping the official ownership records. Formation said it chose Solana for its speed, low fees and existing tokenisation infrastructure, which already supports more than $5bn in tokenised real-world assets.
The issuer-focused approach contrasts with OKXICE, the OKX and Intercontinental Exchange joint venture, which has drawn objections from 67 companies including Apple, Microsoft, Amazon and Tesla.
What to watch: Formation's planned early 2027 launch remains subject to applicable regulatory requirements, the company said.
Live updates on NewsFeeds:AltcoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
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Not investment advice. Read the risk disclaimer.