According to Deep Tide TechFlow news, on May 1, the Solana Policy Institute, Superstate Inc., and Orca Creative recently jointly submitted a proposal named "Project Open" to the SEC, advocating for the issuance and trading of securities based on public blockchain to enhance market efficiency and support existing regulatory goals.
The proposal includes: digital equity registered as Token Shares, wallet addresses verified through KYC and training certification, an on-chain shareholder register, non-custodial or compliant custodial wallet structures, instant settlement mechanisms, and a peer-to-peer trading model based on smart contracts.
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According to Deep Tide TechFlow news, on May 1, the Solana Policy Institute, Superstate Inc., and Orca Creative recently jointly submitted a proposal named "Project Open" to the SEC, advocating for the issuance and trading of securities based on public blockchain to enhance market efficiency and support existing regulatory goals.
The proposal includes: digital equity registered as Token Shares, wallet addresses verified through KYC and training certification, an on-chain shareholder register, non-custodial or compliant custodial wallet structures, instant settlement mechanisms, and a peer-to-peer trading model based on smart contracts.