Today begins a new chapter: I’m thrilled to be leading the newly created Formation Securities as President.
First order of business: we notified @SECGov that we intend to operate the first tokenized securities venue on @solana.
I want to take you back to the inception point of
On Monday afternoon, I’ll be speaking at @SolanaEvents Breakpoint in London about our 18-month journey with the SEC, which culminated yesterday in filing for Solana's first TSV.
Title: “Okay, Traders. Now, Let’s Get in Formation”
Thanks @amiravalliani and @pmwnyc for the title, and for setting an impossible stage presence bar. Will be searching for my inner Queen Bey for the next 6 days.
The queen of crypto in DC 👑 No one has done more to get our space a fair hearing in Washington than @KristinSmith. We wouldn’t be at this milestone without her. Thank you, Kristin.
1/ Big day for @solana. @formation_so has notified the SEC that it intends to operate the first tokenized securities venue on Solana, with tokenized U.S. stocks carrying the same voting and dividend rights as traditional shares. This one has been a long time coming…
🧵
Formation Securities notified @SECGov today that it intends to operate the first tokenized securities venue on @solana, seeking issuer consent for listings.
Trading is expected to begin in early 2027, with tokenized $EXOD, $FWDI and $GLXY at launch.
Tomorrow at 3 PM ET I'm joining @masonlynaugh to talk about what's at stake for @solana builders and users in the midterms, along with legal/policy minds far greater than mine: @thecolinmclaren, @RebeccaRettig1 and @xethalis. Have worked the halls of Congress together, will be fun to chat live.
Crypto policy gets made by the people who show up. Vote Nov 3 🗳️
Set a reminder 👇
x.com/i/broadcasts/1…
NEW POD
We cover:
▫️ Why a DEX and lender merged
▫️ ONYC vs ACred: liquidity caps credit
▫️ Neo-clouds borrowing at 14–20% onchain
▫️ xORCA fees cut 40%→10%
▫️ Prop AMMs hit ~36% of Solana DEX
@Luketruitt@marcarjoon@0xcarlosg
Timestamps:
00:00 Luke Truitt, CEO of Formation