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Solana Policy Institute Details ‘Project Open’ Proposal to Modernize U.S. Markets


by Izabela Anna
for CoinEdition
Solana Coalition Proposes SEC Pilot for Tokenized Securities
  • 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.

Read the article at CoinEdition

Read More

Bitcoin's Bollinger Bands Tightest Since February; XRP, SOL Establish Lower Highs

Bitcoin's Bollinger Bands Tightest Since February; XRP, SOL Establish Lower Highs

BTC's Bollinger bands are now at their tightest since February.
DeFi Dev Boosts Solana Treasury to $218M After Latest Purchase

DeFi Dev Boosts Solana Treasury to $218M After Latest Purchase

The Nasdaq-listed firm funded the acquisition by its $5 billion standing equity line ...

Solana Policy Institute Details ‘Project Open’ Proposal to Modernize U.S. Markets


by Izabela Anna
for CoinEdition
Solana Coalition Proposes SEC Pilot for Tokenized Securities
  • 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.

Read the article at CoinEdition

Read More

Bitcoin's Bollinger Bands Tightest Since February; XRP, SOL Establish Lower Highs

Bitcoin's Bollinger Bands Tightest Since February; XRP, SOL Establish Lower Highs

BTC's Bollinger bands are now at their tightest since February.
DeFi Dev Boosts Solana Treasury to $218M After Latest Purchase

DeFi Dev Boosts Solana Treasury to $218M After Latest Purchase

The Nasdaq-listed firm funded the acquisition by its $5 billion standing equity line ...