Formation Securities, a company specializing in tokenized assets, filed a notice with the United States Securities and Exchange Commission (SEC) on Monday, November 9, 2026, declaring its intent to operate a platform for buying and selling tokenized stocks on the Solana network.

According to the filing, the platform's initial design centers on Galaxy (GLXY), the ticker for Galaxy Digital, a financial services company focused on digital assets, with the tokenized share slated for listing in early 2027. Tokenized stocks are blockchain-based representations of traditional equity shares, designed so that publicly listed securities can be transferred and settled on public blockchains. Solana is a high-throughput network commonly used for tokenization applications, known for fast settlement and low transaction costs.

The notice constitutes a formal regulatory filing connected to the planned offering, meaning the tokenized-listing plan is being pursued within the SEC's regulatory framework. For the tokenization sector, the filing is a concrete example of a tokenized-asset specialist seeking to move a single publicly listed equity onto a public blockchain through a formal regulatory route. Additional details of the platform's design and the listing timeline were not disclosed in the source report, leaving subsequent regulatory and company disclosures as the key items to watch ahead of the targeted early 2027 listing window.

This content was first published on COINOTAG.