On November 9, 2026, news reported by Nate Kostar confirmed that Formation Securities is designing a tokenized stock platform on the Solana network. The project relies on an exemption from the Securities and Exchange Commission to enable continuous trading hours.
The planned marketplace intends to offer 24/7 trading for digital representations of stock in Exodus, Forward Industries, and Galaxy Digital. Project leaders target a official deployment timeframe in early 2027. Solana traded at $86.43 at the time of the release, up 0.03%.
Other assets in the market showed mixed movement alongside the announcement. Bitcoin fell 0.27% to $75,119.47, while Ethereum dropped 1.16% to $2,127.58. Cardano saw a 5.20% decline to $0.1768, whereas Zcash recorded a 1.73% increase to $1,161.84.
For traders holding perpetual futures on Bitget, Bybit, MEXC, or OKX, this proposal changes nothing directly regarding active funding rates or position maintenance fees. Because the platform remains a future proposal targeted for 2027, perpetual order books and leverage rates remain completely unaffected today.
Source: cointelegraph — Formation Securities plans Solana stock trading venue under SEC exemption