TREE NEWS update: Formation Securities plans to launch a 24/7 trading venue for tokenized shares on Solana under an SEC exemption, with a target date of early 2027. The venue would list tokenized stock from Galaxy Digital, Exodus and Forward Industries.
Formation Securities Plans Solana Stock Trading Venue Under SEC Exemption
The significance here is structural rather than speculative: a tokenized-equity venue leaning on an SEC exemption signals that regulated market infrastructure, not just crypto-native products, is being built on Solana. The named issuers are crypto-adjacent firms, which makes this a narrow first step rather than a broad equities market. The open question is whether the exemption framework holds and whether other issuers follow, since the early 2027 target leaves considerable room for regulatory and operational slippage.
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