TechFlow, May 1 — The Solana Policy Institute, Superstate Inc., and Orca Creative have jointly submitted a proposal titled "Project Open" to the U.S. Securities and Exchange Commission (SEC), advocating for the issuance and trading of securities on public blockchains to enhance market efficiency and support existing regulatory objectives.
The proposal includes: digital equity registered as Token Shares, wallet addresses verified through KYC and training certification, shareholder registers maintained on-chain, non-custodial or compliant custodial wallet structures, instant settlement mechanisms, and peer-to-peer trading via smart contracts.
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