DoubleZero Secures SEC Clarity for Utility Token, Boosting Solana Network

DoubleZero, a blockchain infrastructure company, has received a no-action letter from the U.S. Securities and Exchange Commission (SEC), securing regulatory clarity for its 2Z utility token. This development significantly impacts the Solana network, particularly in terms of validator communication efficiency. The $28 million funding round led by Dragonfly Capital in March 2025 further bolsters DoubleZero’s capabilities.