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Formation Securities plans tokenized stock trading on Solana under SEC's innovation exemption.

Market News
09 Nov 2026, 14:35 WIB
Crypto Briefing
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Bullish
Formation Securities plans tokenized stock trading on Solana under SEC's innovation exemption.

Formation Securities, formed by the merger of Orca and Loopscale, has notified the SEC of its intent to operate a tokenized securities venue on the Solana blockchain using permissioned automated market maker (AMM) pools. This operation will leverage the SEC's innovation exemption, allowing conditional secondary trading of tokenized stocks that carry real economic and voting rights, not synthetic products. The venue aims to combine trading and credit infrastructure from the merged firms while pursuing necessary licenses. This move positions Solana as a credible platform for regulated tokenized equity trading, though the exemption is temporary until 2031 and regulatory approvals are still pending.

Formation Securities' plan for a tokenized stock venue on Solana is presented here with Pluang's market snapshot as of Nov 09, 2026 19:03 WIB: Among 50 major cryptocurrencies, 11 rose and 38 fell today. Solana (SOL) traded at Rp1.558.144 with a 1-day change of -3.70% and a typical hold time of 72 days on Pluang, where order activity was 69% Buy and 31% Sell.

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