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Formation plans a Solana-based venue for 24/7 trading of tokenized stocks by early 2027

Market News
10 Nov 2026, 09:59 WIB
Tokenpost
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Bullish
Formation plans a Solana-based venue for 24/7 trading of tokenized stocks by early 2027

Formation, through its affiliate Formation Securities, has notified the U.S. SEC about plans to launch a trading venue on the Solana blockchain for secondary trading of tokenized stocks, aiming for early 2027. The platform will feature tokenized shares of companies like Exodus Movement, Forward Industries, and Galaxy Digital, granting token holders voting and dividend rights equivalent to traditional shareholders. Trades will settle instantly on-chain using stablecoins and other assets, with continuous trading hours. Custodians Anchorage and BitGo Bank, along with distribution channels Superstate and Alpaca, will support the platform, which was created by merging Solana's Orca DEX and Loopscale.

The story on Formation's plans for a Solana venue for tokenized stocks provides context for readers following cryptocurrency markets. For readers following cryptocurrencies, here is Pluang's market snapshot as of Nov 10, 2026 15:01 WIB: Among 50 major cryptocurrencies, 45 rose and 4 fell today. ADA (Cardano) rose 4.08% to Rp3.242 with a typical hold time of 128 days and a buy order dominance of 78%, contrasting with SNX (Synthetix) which rose 3.96% to Rp2.888 but had a strong sell order activity of 85%. LINK (Chainlink) increased 4.00% to Rp192.431 with a more balanced sell/buy split of 53%/47%.

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