Orca, one of the largest decentralized exchanges on Solana, is launching new infrastructure aimed at bringing real-world regulated assets on-chain as crypto firms push deeper into tokenized stocks, commodities and other traditional financial products.
The Solana-based platform said on Wednesday it had rolled out “permitted pools,” a system that only allows approved investors to trade certain tokenized assets. The setup is focused on the US market and is designed for issuers that must comply with securities laws, including identity checks and investor eligibility requirements.
Streamex, a company focused on the tokenization of commodity-based assets, will be the first issuer to use the new system, according to Orca. The company said in a press release shared with CoinDesk that its tokenized gold-linked security, GLDY, will be the first regulated asset to trade through Orca’s new infrastructure.
The launch marks an expansion for Orca beyond pure crypto trading and into infrastructure for tokenized financial assets. This comes as crypto companies increasingly focus on the tokenization of traditional financial assets, a market that many in the industry see as a major growth opportunity.
Under the new setup, investors must complete know-your-customer (KYC) checks before they can buy, hold or trade regulated tokens. Issuers can also decide who is eligible to access their assets, with Orca’s system automatically enforcing these rules on-chain.
The trading pools run on Orca’s existing liquidity infrastructure, while the exchange’s interface will show users whether an asset has restrictions and whether they qualify to trade it.
“Orca has spent five years building the liquidity infrastructure on which Solana’s market structure runs,” Orca CEO Michael Hwang said in a press release. “As tokenized stocks, funds and real assets arrive on-chain at exponential rates, issuers need more than one place to list.”
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