Formation Securities files a Solana tokenised-stock venue notice, fourth on the SEC list
Formation Securities LLC published a Tokenized Securities Venue notice dated 9 Nov, and the same day appeared as the fourth name on the SEC's Innovation Exemption list. The firm intends to operate a permissioned, Solana-based automated market maker for tokenised NMS stock. The notice names Forward Industries, Galaxy Digital and Exodus Movement as the securities it intends to make available upon launch.