Orca, one of the largest decentralized exchanges on Solana, is launching new infrastructure aimed at bringing regulated real-world assets onto the chain, as crypto companies delve into tokenized stocks, commodities and other traditional financial products.
The Solana-based platform said on Wednesday it had implemented “permitted pools,” a system that allows only approved investors to trade certain tokenized assets. The setup focuses on the US market and is designed for issuers that need to comply with securities laws, including identity checks and investor eligibility requirements.
Streamex, a company focused on tokenizing 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 be traded through Orca’s new infrastructure.
The launch marks an expansion of Orca beyond pure cryptocurrency trading and into infrastructure for tokenized financial assets. This comes as crypto companies increasingly focus on tokenizing traditional financial assets, a market that many in the industry see as a significant growth opportunity.
Under the new setup, investors must complete know-your-customer (KYC) checks before being able to purchase, hold or trade regulated tokens. Issuers can also decide who is eligible to access their assets, and Orca’s system automatically applies those rules on-chain.
Trading pools are powered by Orca’s existing liquidity infrastructure, while the exchange’s interface will show users whether an asset is restricted and whether they qualify to trade it.
“Orca has spent five years building the liquidity infrastructure upon which Solana’s market structure is based,” Orca CEO Michael Hwang said in a press release. “As tokenized stocks, funds, and real-world assets come on-chain at exponential rates, issuers need more than a place to list.”
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