• Project Open aims to bring tokenized U.S. securities to public blockchains like Solana.
• Orca’s on-chain KYC/AML may eliminate intermediaries like brokers and the DTCC.
• SPI requests regulatory exemptions to keep DeFi platforms non-custodial and compliant.

A coalition of crypto firms led by the Solana Policy Institute (SPI) has submitted a formal proposal to the U.S. Securities and Exchange Commission (SEC) to establish a pilot program for issuing and trading tokenized securities on public blockchains. The initiative, named “Project Open,” aims to demonstrate how traditional assets like stocks, bonds, and funds can operate within a regulated, on-chain environment. 

The proposal, which was formally delivered to the SEC’s Crypto Task Force on April 30, 2025, with follow-up letters sent this week, outlines an 18-month pilot designed to test the feasibility of blockchain-based securities. The project emphasizes benefits such as real-time settlement, 24/7 trading access, and significantly reduced operational costs.

The post Solana Policy Institute Details ‘Project Open’ Proposal to Modernize U.S. Markets appeared first on Coin Edition.

• Project Open aims to bring tokenized U.S. securities to public blockchains like Solana.
• Orca’s on-chain KYC/AML may eliminate intermediaries like brokers and the DTCC.
• SPI requests regulatory exemptions to keep DeFi platforms non-custodial and compliant.

A coalition of crypto firms led by the Solana Policy Institute (SPI) has submitted a formal proposal to the U.S. Securities and Exchange Commission (SEC) to establish a pilot program for issuing and trading tokenized securities on public blockchains. The initiative, named “Project Open,” aims to demonstrate how traditional assets like stocks, bonds, and funds can operate within a regulated, on-chain environment. 

The proposal, which was formally delivered to the SEC’s Crypto Task Force on April 30, 2025, with follow-up letters sent this week, outlines an 18-month pilot designed to test the feasibility of blockchain-based securities. The project emphasizes benefits such as real-time settlement, 24/7 trading access, and significantly reduced operational costs.

The post Solana Policy Institute Details ‘Project Open’ Proposal to Modernize U.S. Markets appeared first on Coin Edition.