Solana and Other Institutions Propose to the US SEC to Put US Stocks on the Blockchain to Promote Financial Innovation

According to a report by Jinse Finance, the Solana Policy Institute, Superstate Inc., Lowenstein Sandler LLP, and Orca Creative submitted a new framework to the U.S. Securities and Exchange Commission (SEC) Crypto Task Force on Wednesday, aiming to bring equity securities like stocks on-chain. This pilot project is called "Project Open," and the Solana Policy Institute stated, "Project Open represents the advancement of financial innovation in the United States," enhancing transparency in the U.S. financial markets, achieving instant settlement, and reducing costs. BlackRock CEO Larry Fink also noted, "Every stock, every bond, every fund—every asset—can be tokenized."