Odaily reports: Formation Securities has secured a license for Orca's trading technology, with its tokenized stock platform set to begin trading in early 2027.Formation Securities has obtained authorization from Solana ecosystem exchange Orca to use its trading technology. The company plans to operate a tokenized securities trading venue on Solana under the U.S. Securities and Exchange Commission (SEC)'s "innovation exemption," with trading expected to commence in early 2027. The first batch is expected to include tokenized stocks of Exodus Movement, Forward Industries, and Galaxy Digital.The platform will be open to verified investors and will support 24/7 trading and near-instant atomic settlement. Eligible tokens must carry the same voting rights and dividend rights as traditional stocks; official shareholder records will still be maintained by the company's transfer agent, and each transaction will be recorded in real time on a public ledger.Securitize and Superstate are expected to provide the tokenized stocks. Securitize CEO Carlos Domingo stated that its tokens are each backed by one real share held by a broker-dealer. Investors can access the platform through Formation, as well as channels including Alpaca, CoinList's Passage, Anchorage, BitGo, Fireblocks, Solflare, and Squads. (Decrypt)

Odaily reports: Formation, formed through the merger of Solana ecosystem DEX Orca and Loopscale, announced that its subsidiary Formation Securities has notified the U.S. Securities and Exchange Commission of plans to operate a tokenized securities trading venue on Solana under the SEC's "innovation exemption." The platform plans to conduct secondary trading of eligible tokenized stocks through permissioned automated market maker liquidity pools, with the goal of beginning trading in early 2027. The first batch is expected to list tokenized stocks of Exodus Movement, Forward Industries, and Galaxy Digital; holders will enjoy the same voting rights and dividend rights as other shareholders, be able to trade around the clock using assets such as stablecoins, and settle atomically on-chain.

1. Justin Sun: Wealth cannot buy happiness;2. Cointelegraph responds to sale rumors: CoinDesk report is inaccurate and contains multiple factual errors;3. Analysis: Bitcoin spot demand has improved significantly; prices have fallen but market demand is gradually recovering;4. SpaceXAI upgrades Grok Bot: free access to X platform post search and trend monitoring, no account binding required;5. Yi Lihua: Previously maintained a bearish short-term outlook on Bitcoin, believes there is pullback pressure around $86,000;6. Profits exceed $300,000; CryptoCurb bought ZCAT in 38 tranches, position up approximately 15x;7. Position value at $252 million; a whale's long position of 98,100 ETH has liquidation prices of $2,446.48 and $2,424.47;8. Total position at $26.5 million; an address opened 20x short positions on BTC, ETH, SOL, XRP, and DOGE, with unrealized gains of $586,000;9. Franklin Templeton CEO: Most tokenized funds are just digital replicas of traditional financial products;10. No token issuance; after Loopscale merged into Formation, ORCA becomes the sole token, and points will continue to accumulate.

Odaily reports that Loopscale has disclosed details of its merger with Orca, and after the merger, both parties will continue to operate as products under Formation. Loopscale point redemption will take place later this year, with specific details to be announced soon, and points will continue to accrue until the redemption event begins. Loopscale will not issue a token, and ORCA will become the sole token of the Formation ecosystem.

Odaily reports that Solana ecosystem projects Orca and Loopscale have announced the completion of their merger, aiming to provide financing support for the AI, robotics, and defense sectors.

Odaily星球日报讯 Orca 首席法务官 Christopher Montagano 在韩国区块链周表示，SEC 于 9 月 17 日发布的创新豁免，为验证 DeFi 区块链轨道是否较传统基础设施更高效提供了条件。该豁免提供为期 5 年的有条件救济，至 2031 年 9 月 17 日；在该框架下，代币化证券场所和特定流动性提供者可运营代币化美股许可交易，且无需注册为交易所或交易商。Montagano 表示，该豁免专为 AMM 设计，但并非对 DeFi 的裁决，相关方仍须遵守制裁规则并获得发行人同意，以区别于无许可 DeFi。Orca 自 2025 年起参与 SEC 讨论，并于同年 11 月开始交易代币化股票。

Odaily News: According to Token Terminal data on September 15, over the past 30 days, the cumulative trading volume of xStocks tokenized stocks on DEXs was approximately $1 billion.Among them, Raydium accounted for 80.5% of the market share with approximately $805.2 million in trading volume; Byreal ranked second with approximately $107.9 million in trading volume; Orca followed with approximately $72.5 million.On-chain tokenized stock trading activity has notably increased recently. As more stock-related assets and liquidity enter on-chain markets, DEXs are gradually becoming one of the important trading and liquidity venues for tokenized stocks.

Odaily News, DeFi researcher Ignas posted on X platform stating that the market appears to be showing signs of some on-chain funds rotating from the Robinhood ecosystem to Solana. Over the past 24 hours, tokens related to trading infrastructure in the Solana ecosystem have performed strongly, with RAY up 60%, JUP up 21%, ORCA up 12%, and MET up 13%. Additionally, cross-chain data shows that bridged funds on Solana have increased by approximately $18.8 million, while Robinhood Chain has decreased by approximately $47.8 million.Ignas believes that although the current bridge volume remains relatively small compared to the overall TVL, some traders may be taking profits on Robinhood ecosystem Meme coins and pivoting to buying trading infrastructure tokens on Solana to bet on a similar market trend.

Odaily News According to official sources, anonymous Q&A game Chomp has completed a $3.6 million funding round, co-led by Jsquare and Blueyard, with participation from Accomplice, Big Brain Holdings, No Limit Holdings, Reverie, Caballeros, and other VCs.Chomp is a social game based on anonymous Q&A and prediction mechanisms, allowing users to answer questions and predict others' responses to uncover the public's true opinions, as well as their own cognitive biases toward others. In addition to its consumer-facing product, Chomp also applies these anonymous, well-labeled opinion datasets to scenarios such as AI model training and consumer research.Founder and CEO Kiko previously served as COO at Orca, a decentralized exchange on the Solana ecosystem.

Odaily星球日报讯 韩国新韩资产管理公司与 Solana 基金会、Etherfuse 和 Orca 签署四方谅解备忘录，共同推进韩元计价代币化基金发行概念验证。该基金结构参考贝莱德 BUIDL 基金，由海外机构投资者购买新韩资产管理公司管理的韩元超短期债券基金，持仓将以代币化形式发行。概念验证将涵盖 KYC/AML 框架、安全审计、区块链运营、合规及链上流动性设计。新韩资产管理公司 CEO 李锡元表示，目标是在系统落地时即刻具备相应能力，并引领韩元数字金融产品市场。韩国国会于今年 1 月通过 STO 法律框架修正案，该修正案将于 2027 年 2 月生效。