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Coin Edition 2025-06-19 04:08:57

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

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. BREAKING: @SolanaInstitute , @superstatefunds , @orca_so & @phantom have submitted legal frameworks to the SEC (Securities and Exchange Commission) und… The post Solana Policy Institute Details ‘Project Open’ Proposal to Modernize U.S. Markets appeared first on Coin Edition .

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