Solana, in cooperation with Phantom and longer, submitted a tokenization securities framework, striving for a regulatory exemption for the decentralization protocol.

RumbleValidator · 2025-06-18T12:50:28+00:00

The Solana Policy Research Institute, in collaboration with multiple parties, submitted a Compliance tokenization securities framework to the U.S. SEC, proposing to bring traditional assets onto the blockchain for trading and seeking regulatory exemptions for decentralized protocols. The proposal aims to achieve around-the-clock operation of the Capital Market and instant Settlement, in line with the SEC's gradually open regulatory stance.

RumbleValidator

2025-06-18 12:50:28

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[Chain News] On June 18, it was reported that the Solana Policy Institute, in collaboration with Phantom Wallet, a certain DEX, and the Superstate protocol, submitted a compliance tokenization securities framework to the SEC’s cryptocurrency working group. The proposal suggests allowing traditional assets such as stocks and bonds to be traded on-chain while seeking regulatory exemptions for non-custodial decentralized protocols. The proposal is based on the “Project Open” initiative previously put forth by SPI, aiming to achieve 24/7 operation and instant settlement in the capital market through blockchain technology. SPI emphasizes that decentralized protocols are different from traditional intermediaries and should receive regulatory exemptions. This submission comes at a time when the SEC’s stance on cryptocurrency regulation is gradually becoming more open.

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