News analysis
Formation Securities plans Solana venue for tokenized stock under SEC exemption
· By MyCryptoSignal Editorial · 353 words
Cointelegraph reports that Formation Securities plans a Solana-based venue for trading tokenized shares, operating under an SEC exemption. The platform would list tokenized stock from Galaxy Digital, Exodus and Forward Industries, with round-the-clock trading and a launch targeted for early 2027.
According to Cointelegraph, the proposed venue would run continuously rather than during exchange hours, and would trade tokenized shares rather than the underlying equities. The issuers named in the report are Galaxy Digital, Exodus and Forward Industries. Cointelegraph states the launch is planned for early 2027 and that the structure relies on an SEC exemption rather than full registration.
The report, published on 9 November 2026, does not set out the terms of that exemption, the venue's fee structure, or the settlement rails involved. No author byline accompanies the piece. Those details are absent from the summary, so the scope of the exemption and the mechanics of the tokenized shares remain unstated.
Solana traded at $84.80 as of 13:17 UTC, down 2.11% over 24 hours, according to our collected data. The token has slipped 8.15% over seven days and 22.57% over 30 days. Its 24-hour range ran from $84.24 to $87.91, with resistance at $86.39 and no support level recorded. The 14-period RSI reads 32.3, the trend is down, and our signal flags the move as falling. Volatility over the window measured 0.01.
The wider market was softer too. Total capitalisation stood at $2.34 trillion, down 0.8% over 24 hours, with Bitcoin dominance at 63.8%. Bitcoin changed hands at $74,252, down 0.78% on the day. Solana's 30-day decline of 22.57% is steeper than the 24-hour move in either the total market or Bitcoin.
The report lands during a weak stretch for Solana, which is down 22.57% over 30 days with an RSI of 32.3. A venue that puts tokenized equity exposure on Solana's rails would tie traditional share trading to the same network the token settles on. The early-2027 timeline sits well ahead of the current price action, and the exemption route named by Cointelegraph is the mechanism the plan rests on.
Read the full story at Cointelegraph: https://cointelegraph.com/news/formation-securities-solana-stock-trading-venue-sec-exemption
Data, not advice.
Source: Cointelegraph — see our editorial policy.