Orca, one of Solana’s largest decentralized exchanges, is launching new infrastructure aimed at bringing regulated real-world assets on-chain as crypto companies expand further into tokenized stocks, commodities, and other traditional financial products.
The Solana-based platform announced on Wednesday that it has introduced “permission pools,” a system that allows only approved investors to trade certain tokenized assets. This setup focuses on the US market and is designed for issuers that need to comply with securities laws, such as background checks and investor qualification requirements.
Orca said Streamex, a company focused on tokenizing commodity-based assets, will be the first issuer to use the new system. In a press release shared with CoinDesk, the company said its tokenized gold-linked security GLDY will be the first regulated asset to be traded through Orca’s new infrastructure.
This launch marks Orca’s expansion beyond pure cryptocurrency trading into an infrastructure for tokenized financial assets. This is because many in the industry see this market as a major growth opportunity as crypto companies increasingly focus on tokenizing traditional financial assets.
The new settings will require investors to complete know-your-customer (KYC) checks before purchasing, holding or trading regulated tokens. Publishers can also decide who has access to their assets, with Orca’s system automatically applying those rules on-chain.
The trading pool runs on Orca’s existing liquidity infrastructure, and the exchange’s interface shows users whether an asset has limits and whether they are eligible to trade the asset.
“Orca has spent five years building the liquidity infrastructure that supports Solana’s market structure,” Orca CEO Michael Huang said in a press release. “As tokenized stocks, funds, and real-world assets reach on-chain at an exponential rate, issuers need more than just a place to list.”
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