[Formation Plans to Operate Tokenized Securities Trading Venue on Solana, Notifies US SEC] According to The Block, Formation, formed by the merger of Solana ecosystem DEX Orca and Loopscale, announced that its subsidiary, Formation Securities, has notified the US SEC of its plan to operate a tokenized securities trading venue on Solana under the SEC's "Innovation Exemption." The venue will facilitate secondary trading of eligible tokenized stocks through a permissioned automated market maker liquidity pool. The platform aims to launch trading in early 2027, initially listing tokenized stocks from Exodus Movement, Forward Industries, and Galaxy Digital. Holders will enjoy the same voting rights and dividend rights as other shareholders, and trading will be available 24/7 using stablecoins and other assets, with on-chain atomic settlement.