Solana, Superstate, and Orca Launch “Open Project”: Proposal to Move Equity Trading to Public Blockchains
In a bold move toward modernizing traditional financial markets, the Solana Policy Institute, in collaboration with Superstate and the Orca protocol, has announced “Open Project” – an initiative to move equity securities issuance and trading onto public blockchains.
The project has been submitted to the U.S. Securities and Exchange Commission (SEC) as an 18-month pilot program to test the possibility of issuing and trading shares in the form of digital assets, called “tokenized stocks.” These shares could be newly issued shares or converted from traditional shares.
Blockchain – A New Powerhouse for Capital Markets
The project leverages the advantages of blockchain such as instant settlement (zero settlement time), high transparency, and low operating costs to make capital markets more efficient and accessible. This is a strategic move in the context of new policies from the Trump administration that are easing regulatory barriers to digital assets, facilitating closer cooperation between blockchain technology and the traditional financial system.
According to the implementation team, the application of blockchain will help the SEC achieve its core goals of protecting investors and maintaining fairness in the capital markets, while opening up the possibility of improving the global financial infrastructure.
KYC and compliance: A gateway for investors
Despite using decentralized technology, the project still strictly complies with current regulations. Investors who want to access and trade tokenized shares will have to complete know-your-customer (KYC) processes and take compliance courses to ensure transparency and security.
Inside Voices
Miller Whitehouse-Levine, CEO of the Solana Policy Institute, said:
"The Open Project embodies the spirit of American innovation in finance. We want to join the SEC and our partners in building an Internet capital market where every transaction is efficient, transparent, and ready for the next generation of investors."
If approved by the SEC, the project could set the stage for a radical change in how shares are issued, traded, and settled. It will not only benefit investors, but also reshape the way businesses raise capital in the Web3 era.