Formation Securities Plans Solana-Based Stock Trading Venue Using SEC Exemption
(2 hours ago) · 1 source · Summarized by CryptoBipto
Formation Securities has announced plans to build a stock trading venue on the Solana blockchain, operating under an existing SEC exemption. The project would allow traditional securities to be traded on blockchain infrastructure. Details about the specific SEC exemption being used and the timeline for launch remain limited.
WHY IT MATTERS
When you buy stocks today, the trade goes through a complex system of brokers, exchanges, and clearinghouses that can take one or two business days to fully settle.
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SOURCES
- cointelegraph.com
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