PANews reported on June 18 that according to The Block, the Solana Policy Institute, together with Phantom wallet, Orca exchange and Superstate protocol, submitted a compliant tokenized securities framework to the US SEC Crypto Working Group. The proposal proposes to allow traditional assets such as stocks and bonds to be traded on-chain, while securing regulatory exemptions for non-custodial decentralized protocols. The proposal builds on SPI’s previously proposed “Project Open” initiative, which aims to enable 24/7 capital market operations and instant settlement through blockchain technology. SPI emphasizes that decentralized protocols are different from traditional intermediaries and should be subject to regulatory exemptions. The filing comes at a time when the SEC’s crypto regulatory stance is gradually opening up.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
