New Framework Aims to Tokenize Equity Securities: Proposal Submitted to SEC

A collaborative effort involving Solana Policy Institute, Superstate Inc., Lowenstein Sandler LLP, and Orca Creative has presented a new framework to the U.S. Securities and Exchange Commission’s (SEC) crypto task force, titled ‘Project Open.’ This initiative seeks to bring equity securities, such as stocks, onto the blockchain. The Solana Policy Institute describes ‘Project Open’ as a step forward in U.S. financial innovation, highlighting its potential for increased market transparency, faster settlement times, and reduced costs. BlackRock CEO Larry Fink has also stated his belief that every asset, including stocks, bonds, and funds, could be tokenized.