SecondParty

The Platform for orchestrating, harmonizing, and synchronizing the Issuers, TSVs, Transfer Agents, and Tokenizers who use the SEC’s Innovation Exemption

[SecondParty @InnoExemption]

@MKTGWeb3 We Synchronize
We Harmonize
We Orchestrate

We Tokenize The World

One allocation of NMS Stock at a time.

[SecondParty @InnoExemption]

Synchronizing

[Leo 🐙 @MKTGWeb3]

@InnoExemption YOU ARE ALL COVERED BY US Ready for an upgrade

[SecondParty @InnoExemption]

@Luketruitt @formation_so @alpacatrading @CoinList @Anchorage @BitGo @FireblocksHQ @jito @solflare @multisig Correct

[SecondParty @InnoExemption]

@JacobRobinsonJD @cpmontagano We refer to the Innovation Exemption as the 'Real Genius Act'

The Dealer Exemption is huge.

Plus it's the best way to 'Tokenize the World' meme but within a functional but not fake sandbox model.

[Jacob Robinson @JacobRobinsonJD]

Formation Securities is now the fourth TSV to file notice with the SEC and the first intent to launch on Solana.

What did the Innovation Exemption actually solve to make this possible?

Formation president @cpmontagano calls it “the exchange problem.”

Spoke with Christopher about this for an upcoming @LawofCodeFM ep. on the Innovation Exemption.

[Squads @multisig]

Squads is proud to partner with Formation Securities @formation_so, which plans to operate the first TSV on @solana.

[CoinDesk @CoinDesk]

JUST IN: Former @NYSE president Stacey Cunningham, the first woman to lead the exchange, joins @Bullish as President.

[Solana Policy Institute @SolanaInstitute]

1/ Formation Securities (@formation_so) plans to bring the first tokenized securities venue on @solana under the @SECgov's Innovation Exemption.

[Luke Truitt @Luketruitt]

Today Formation Securities notified the SEC that we intend to operate the first tokenized securities venue on Solana.

Real shares, same voting and dividend rights paired with the self-custody, 24/7 availability, and atomic settlement of Solana.

Public markets are moving onchain and we're excited to be one of the first to offer a proper venue.

[SecondParty @InnoExemption]

@TomMurphyTweets Let's chat, Tom

[Solana @solana]

BREAKING: Formation Securities (@formation_so) notifies the SEC of its intent to operate the first tokenized securities venue on Solana.

U.S.-listed shares with the same voting and dividend rights as the originals, settling atomically onchain, 24/7.

[Cointelegraph @Cointelegraph]

🔥 NEW: Crypto exchange Bullish appoints former NYSE President Stacey Cunningham as its president.

[Ondo Finance @Ondo]

Tokenization has Wall Street’s attention.

Ondo is now the world’s largest tokenization platform, with over $4B in TVL (per RWA․xyz).

That growth reflects global demand for better access to financial markets and more ways to use assets onchain.

Ondo's tokenization stack now spans:

→ Private markets
→ Tokenized Treasuries
→ Ondo Intelligent Portfolios
→ Tokenized stocks and ETFs

Speaking with FINTECH․TV from the NYSE floor, Matthieu de Vergnes explains what’s behind Ondo’s rise to #1 in tokenization.

[Frank Chaparro @fintechfrank]

The New York Stock Exchange has selected Avalanche ($AVAX) as the exclusive blockchain for settling tokenized U.S. stocks on its upcoming 24/7 trading platform, according to the WSJ.

NYSE cited Avalanche’s speed, throughput and compliance capabilities.

The platform is targeting a Q4 launch, pending regulatory approval, with instant settlement and stablecoin funding.

[Eleanor Terrett @EleanorTerrett]

🚨🗞️NEW: New Tokenized Stock Venue Bets on Issuer Buy-In as Corporate Backlash Grows

Solana-based Formation files its TSV notice with the SEC. @Coinbase gets final OCC approval for a national trust bank. Plus, the week ahead in macro and crypto.

https://t.co/a1IhWGBqgX

[SecondParty @InnoExemption]

@EleanorTerrett @coinbase Issuer Backlash should be expected. This is new.

The Innovation Exemption is the true 'Genius Act'.

'What' the Exemption 'is' was covered in 60 pages.

'How' it works wasn't covered at all.

That's why we built https://t.co/qbvVdl0cPA

To manage the all-important 'How'.

[Alpaca @AlpacaHQ]

Excited to be working with @formation_so and @solana in moving onchain markets forward.

[RWA Llama 🦙 @RwaLlama]

🧭 Another tokenized stock venue just told the SEC it's coming, this time on @solana. Its pitch is the opposite of OKXICE's: only list stocks the company agrees to.

The notice itself is looser than the pitch. 🧵

[Dave Hendricks @davehendricks]

Mike, a couple of thoughts - after commercializing most of what your joint submission proposes - starting 8 years ago.

@vertalo_ filed its detailed submission letter on Sept 6th.

https://t.co/bzgeBJkUnY

We agree on these:

✅Modernizing the rules and keeping the wording technology-neutral.
✅Putting the wallet address in the record.
✅Keeping personal data off public chains.
✅Preferring outcomes to fixed prescriptions.
✅Using contract-enforced restrictions.
✅Treating ledger permanence as good for audit.

@Vertalo_ presented most of that to the commission in 2020 and our data structure is essentially the identical architecture to the recently proposed TA Rules. That doesn't mean we don't have issues. Our comment letter was 105 pages. And the biggest issue we raised concerned 'exclusive control'.

We started these conversations with the SEC and FINRA in 2018 and have been checking and confirming and pushing on these for years already. So we have mostly the same - but a much older - dog in this fight as the first to do any of this.

Here are the tougher parts about the group submission:

⁉️ The wallet address can replace the name and mailing address - This is not happening any time soon and frankly it is not practicable today.
⁉️ Any claim that a wallet address is a better identifier than a name
⁉️Any allowance for the issuer to hold freeze and forced-transfer powers - the letter puts forth a fairly radical proposal and of all the elements of the proposed TA rules, this is the one technical area where there is real debate between those of us who tokenize securities and those who don't can't.

I'm glad that you commented. Thanks.

As the co-chair of the Securities Transfer Association's Tokenization Committee (alongside Billy Miller who co-signed your submission), we welcome your participation in the discussions amongst the TA community members who share many of your thoughts about principled and technical approaches. Billy and I have been working on this hard alongside several other stalwarts.

@Equiniti @Bullish @Computershare @Securitize

[CoinTalk Daily @CoinTalk_Daily]

BREAKING: @Ondo is expanding its tokenized finance ecosystem by bringing seven investment portfolios to the @Solana blockchain.

The integration will give Solana users access to a wider range of tokenized investment products through Ondo’s platform. This move further connects traditional financial assets with blockchain infrastructure while broadening the range of onchain investment opportunities.

It also highlights Ondo’s continued push to expand tokenized real-world assets across major blockchain networks.