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

ChainCatcher news, according to The Block, the Solana Policy Research Institute, in collaboration with Phantom Wallet, Orca Exchange, and Superstate Protocol, submitted a compliant tokenized securities framework to the U.S. SEC's crypto 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 proposed by SPI, aiming to achieve 24/7 operation and instant settlement of capital markets through blockchain technology.

SPI emphasizes that decentralized protocols are 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.