WiremarketsBrief
Solana Could See Major Growth As New Stock Trading Platform Emerges
Solana is attracting renewed attention from traditional finance after Formation Securities announced plans to launch a tokenized stock trading platform on the blockchain. The development could strengthen Solana’s growing institutional adoption as financial companies explore new ways to bring traditional assets into the cryptocurrency ecosystem.
Brief
Formation Securities has notified the SEC of plans for a tokenized securities venue on Solana, according to a November 9 confirmation from the firm. Under the plan, qualifying participants could buy and sell tokenized US-listed shares at any hour, with launch expected in early 2027. Tokenized shares from Galaxy Digital, Exodus Movement and Forward Industries are slated for availability when the venue opens. The venue would follow the SEC's Innovation Exemption framework, with holders keeping voting and dividend rights. Formation picked Solana for its speed, low costs and tokenization infrastructure, with Securitize and Superstate expected to take part. Formation also reported over $5 billion in tokenized real-world assets already on Solana, a lower-bound figure. The venue has not launched and remains subject to regulatory requirements, technical work and market participation.
Why it matters: The filing adds a planned venue for tokenized US-listed shares on Solana, showing traditional finance firms exploring the network for stock trading.
Read the full story
Dextape context
Built from Dextape’s own wire, stories and glossary.
Terms in this story
- Blockchain
- A shared, ordered record of transactions, grouped into blocks, that independent computers check against the same protocol rules.
Mentioned in this story
Open a coin page for its current price.