According to ChainCatcher, The Block reported that the Solana Policy Institute, in collaboration with Phantom Wallet, Orca Exchange, and Superstate Protocol, has submitted a compliant tokenized securities framework to the U.S. SEC crypto working group.

The proposal suggests allowing traditional assets such as stocks and bonds to be traded on-chain, while seeking regulatory exemptions for non-custodial decentralized protocols. The proposal is based on SPI’s previously introduced "Project Open" initiative, aiming to enable capital markets to operate 24/7 and achieve instant settlement through blockchain technology.

SPI emphasizes that decentralized protocols are different from traditional intermediaries and should be granted regulatory exemptions. This submission comes at a time when the SEC’s regulatory stance on crypto is gradually becoming more open.

ORCA

According to ChainCatcher, The Block reports that the Solana Policy Institute, in collaboration with Phantom Wallet, Orca Exchange, and the Superstate Protocol, has submitted a compliant tokenized securities framework to the U.S. SEC Crypto Working Group. The proposal suggests allowing traditional assets such as stocks and bonds to be traded on-chain, while seeking regulatory exemptions for non-custodial decentralized protocols. The proposal is based on SPI's previously introduced "Project Open" initiative, which aims to enable 24/7 capital market operation and instant settlement through blockchain technology. SPI emphasizes that decentralized protocols differ from traditional intermediaries and should be granted regulatory exemptions. This submission comes at a time when the SEC's stance on crypto regulation is gradually becoming more open.

Solana Policy Research Institute and others submit a compliant tokenized securities framework to the U.S. SEC