Solana-based decentralized exchange Orca has rolled out permissioned pools that let approved investors trade regulated tokenized assets onchain. The first asset to use the system is Streamex's gold-linked security GLDY.
The Solana-based platform said Wednesday it had introduced the new infrastructure focused on the U.S. market. The setup requires investors to complete know-your-customer checks and enforces eligibility rules onchain to comply with securities laws.
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The Securities and Exchange Commission is expected to release an innovation exemption for tokenized stocks as soon as this week. The move would allow equities to trade through crypto-native infrastructure such as automated market makers and stablecoins.
Payward, the parent of crypto exchange Kraken, announced plans to let retail investors participate in U.S. IPOs at the offering price using tokenized shares.
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Securitize began trading its shares on the New York Stock Exchange on Thursday while simultaneously launching tokenized versions of the same stock on Solana and Avalanche. The move marks the first time a newly public company has tokenized its own shares on its debut trading day.
SoFi has introduced its dollar-backed stablecoin SoFiUSD to nearly 15 million members through its banking app. The token is available on Ethereum and Solana and is redeemable one-to-one for U.S. dollars via SoFi Bank.
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Bybit has introduced its IPO Express service to provide tokenized shares in the upcoming SpaceX public offering. The Dubai-based crypto exchange is the second to offer such access after Kraken. Eligible users worldwide can subscribe during a registration period from June 7 to 11.
Citadel Securities has committed $400 million to Crypto.com in a deal that values the exchange at $20 billion. The investment marks Crypto.com's first institutional funding round in a decade and follows a similar $200 million stake in rival Kraken last year.
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Crypto.com has received a $400 million strategic investment from Citadel Securities, valuing the cryptocurrency exchange at $20 billion. The deal marks the company's first institutional funding round since its founding in 2016.