Securities firm Formation plans to launch a tokenized securities trading platform on Solana.

on November 9, according to The Block, Formation Securities has notified the U.S. Securities and Exchange Commission (SEC) of its plan to operate a tokenized securities trading platform on Solana, with trading set to launch in early 2027.

The company plans to conditionally conduct secondary trading of qualified tokenized stocks through licensed automated market maker liquidity pools within a compliant trading venue, pursuant to an SEC innovation exemption mechanism. The initial product lineup will feature tokenized stocks from Exodus Movement, Forward Industries, and Galaxy Digital.

Formation stated that these tokenized stocks will retain the same voting and dividend rights as traditional shares, allowing investors to trade around the clock using stablecoins and other eligible assets, with atomic settlement completed on-chain.