Galaxy, Exodus Tokenized Shares Headed to Orca-Powered Solana Venue in 2027
By Unchained
AI summary of the source article
Formation Securities plans to launch a Solana-based tokenized securities venue in early 2027 under the SEC's Innovation Exemption. Powered by Orca's AMM software, the platform will offer tokenized shares of companies including Galaxy Digital and Exodus Movement.
Key facts
- Formation Securities notified the SEC on Nov. 9 that it intends to launch a Solana tokenized securities venue in early 2027 using the SEC's Innovation Exemption.
- The venue will use Orca's permissioned automated market maker software with identity screening, swapping tokenized stocks only for tokenized money market funds or non-security crypto assets.
- Superstate and Securitize are expected to supply the tokenized shares for Galaxy Digital, Exodus Movement, and Forward Industries.
Source excerpt · Unchained
Formation Securities says it will launch in early 2027 under the SEC's Innovation Exemption, which lets it operate without registering as an exchange. The post Galaxy, Exodus Tokenized Shares Headed to Orca-Powered Solana Venue in 2027 appeared first on Unchained .