Solana Policy Institute, Phantom, Orca, and Superstate submit a "compliant tokenized securities" framework to the US SEC

According to The Block, Solana Policy Institute, in collaboration with Phantom Wallet, Orca Exchange, and Superstate Protocol, has submitted a compliant tokenized securities framework to the US SEC Crypto Working Group. The proposal suggests allowing traditional assets such as stocks and bonds to be traded on the blockchain, while also seeking regulatory exemptions for non custodial decentralized agreements. The proposal is based on SPI's previous proposal&34; Project Open& 34; The plan aims to achieve 24/7 operation and real-time settlement of the capital market through blockchain technology. SPI emphasizes that decentralized protocols are different from traditional intermediaries and should be granted regulatory exemptions. This submission comes at a stage where the SEC's attitude towards cryptocurrency regulation is gradually opening up.