Orca, one of Solana’s largest decentralized exchanges, is launching new infrastructure aimed at bringing real-world regulated assets on-chain, as crypto companies move deeper into tokenized stocks, commodities and other traditional financial products.
The Solana-based platform announced Wednesday that it has rolled out “permitted pools,” a system that only allows approved investors to trade certain tokenized assets. The setup is focused on the US market and is designed for issuers that must comply with securities laws, including identity checks and investor eligibility requirements.
Streamex, a company focused on tokenizing commodity-based assets, will be the first issuer to use the new system, according to Orca. The company said in a press release shared with CoinDesk that its tokenized gold-linked security, GLDY, will be the first regulated asset to be traded through Orca’s new infrastructure.
The launch marks an expansion for Orca beyond pure crypto trading and into infrastructure for tokenized financial assets. This comes as crypto companies increasingly focus on tokenizing traditional financial assets, a market that many in the industry see as a major growth opportunity.
Under the new setup, investors must complete know-your-customer (KYC) checks before they can purchase, hold or trade regulated tokens. Issuers can also decide who is eligible to access their assets, with Orca’s system automatically enforcing these rules on-chain.
Trading pools run on Orca’s existing liquidity infrastructure, while the exchange interface will tell users if an asset is restricted and if they are eligible to trade it.
“Orca has spent five years building the liquidity infrastructure that underpins Solana’s market structure,” Orca CEO Michael Hwang said in a press release. “As tokenized stocks, funds, and real-world assets come onto the chain at exponential rates, issuers need more than just a place to list.”
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