Solana Policy Institute, Phantom, Orca, and Superstate Submit "Compliant Tokenized Securities" Framework to US SEC

According to The Block, the Solana Policy Institute, together with Phantom Wallet, Orca Exchange, and the Superstate Protocol, has submitted a compliant tokenized securities framework to the U.S. SEC Crypto Working Group.

The proposal recommends allowing traditional assets such as stocks and bonds to be traded on-chain, while also seeking regulatory exemptions for non-custodial decentralized protocols. The proposal is based on SPI’s previously introduced “Project Open” initiative, aiming to enable 24/7 capital market operations and instant settlement through blockchain technology.

SPI emphasizes that decentralized protocols are fundamentally different from traditional intermediaries and should be granted regulatory exemptions. This submission comes at a time when the SEC’s stance on crypto regulation is gradually becoming more open.