Formation plans tokenised securities venue on Solana, notifies SEC
The fintech firm filed a notice with the US regulator on Thursday and said the platform will settle US‑listed shares on‑chain 24/7.
Key takeaways
- 1Formation filed a notice with the SEC to run a tokenised securities platform on Solana
- 2The platform will settle US‑listed shares on‑chain 24/7 with full voting and dividend rights
Formation notified the US Securities and Exchange Commission on Thursday that it intends to launch the first tokenised securities venue on the Solana blockchain.
The venue will host US‑listed shares that retain the same voting and dividend rights as traditional certificates, with settlement occurring on‑chain around the clock.
Formation is a fintech start‑up focused on bringing traditional equity markets onto public blockchains. Tokenising securities creates a digital representation of a share, allowing faster, automated settlement while preserving shareholder rights.
If the SEC approves the proposal, the move could accelerate the adoption of blockchain‑based equity trading and prompt other firms to explore similar models. Traders and regulators will watch the SEC’s response and any licensing steps that follow.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.