At a glance
- Tokenized shares of Exodus Movement, Forward Industries and Galaxy Digital are among the initial offerings, according to The Block.
- Trading is expected to begin in early 2027, and access will be restricted to verified investors, The Defiant reported.
- The verified-investor restriction means client access would require identity verification rather than a standard brokerage account.
Formation has notified the SEC that it plans to operate a tokenized securities venue on Solana. Tokenized shares of Exodus Movement, Forward Industries and Galaxy Digital are among the initial offerings, according to The Block.
Trading is expected to begin in early 2027, and access will be restricted to verified investors, The Defiant reported. The Block described the venue as the first tokenized securities venue on Solana.
The verified-investor restriction means client access would require identity verification rather than a standard brokerage account. The three issuers are operating companies, not funds, so they would not land on a platform's model shelf.
Galaxy Digital, one of the three initial issuers, was involved in prior Solana-based settlement work. The Solana Foundation published an open-source settlement standard tested in a Galaxy commercial paper deal, as Private Wealth Daily previously reported.
Reported by the Tokenization desk from The Block and The Defiant — Institutional. Published . Corrections