On the 9th, U.S.-based Formation Securities announced that it has notified the U.S. Securities and Exchange Commission (SEC) of its intention to operate an exchange on the Solana blockchain for 24/7 trading of tokenized stocks. Trading is expected to begin in early 2027, with tokenized stocks of three U.S.-listed companies—Exodus Movement, Forward Industries, and Galaxy Digital—anticipated to be available at launch.
The exchange will...