According to CoinMeta, Formation Securities announced on November 9th that it has notified the U.S. Securities and Exchange Commission (SEC) of its plan to operate a tokenized securities trading platform on the Solana blockchain, in accordance with the innovative exemption mechanism of SEC. The launch is expected to take place at the beginning of 2027. The first batch will support tokenized stocks of Exodus Movement, Forward Industries, and Galaxy Digital, allowing verified investors to conduct 24/7 trading and settlement on-chain using assets such as stablecoins. Formation stated that these tokenized stocks will retain the same voting rights and dividend rights as traditional stocks.