Total MarketCap:$00
API
EN
Dark

SearchSSI/Mag7/Meme/ETF/Coin/Index/Charts/Research
00:00 / 00:00
View
    Markets
    Indexes
    NewsFeed
    TokenBar®
    Analysis
    Macro
    Watchlist
Share

Solana Policy Institute and others propose that the SEC support a framework to bring Wall Street stocks onto the blockchain

Powered by ChatGPT
#DeFi
$ORCA
$SOL
The Block
843Words
Apr 30, 2025

Background: The Solana Policy Institute, in collaboration with organizations such as $Orca and Superstate, has jointly proposed a framework supported by the U.S. Securities and Exchange Commission (SEC) aimed at bringing Wall Street stocks onto blockchain technology. The project, named "Project Open," plans to issue stock tokens on blockchains like Solana.

Main Content: This framework seeks to enhance transparency in the U.S. financial markets through blockchain technology, achieve instant settlement, and reduce costs. The project proposes that issuers will offer tokenized stocks through registration statements and comply with reporting requirements, while recommending that the blockchain itself should not be subject to SEC registration. This proposal has been submitted to the SEC's cryptocurrency working group. Furthermore, under the leadership of new chairman Paul Atkins, the SEC has shown a proactive stance toward digital asset regulation and plans to collaborate with legislators to develop relevant regulatory frameworks.

Potential Impact: If adopted, this framework could drive the internetization of capital markets, improving market efficiency and accessibility, and fostering financial innovation. BlackRock CEO Larry Fink also supports asset tokenization, believing it will fundamentally change the way investments are made by enabling round-the-clock trading and rapid settlement.

All You Need to Know in 10s
TermsPrivacy PolicyWhitePaperOfficial VerificationCookieBlog
sha512-gmb+mMXJiXiv+eWvJ2SAkPYdcx2jn05V/UFSemmQN07Xzi5pn0QhnS09TkRj2IZm/UnUmYV4tRTVwvHiHwY2BQ==
sha512-kYWj302xPe4RCV/dCeCy7bQu1jhBWhkeFeDJid4V8+5qSzhayXq80dsq8c+0s7YFQKiUUIWvHNzduvFJAPANWA==