New Framework Proposed for Tokenizing Equity Securities

According to Odaily, the Solana Policy Institute, Superstate Inc., Lowenstein Sandler LLP, and Orca Creative have submitted a new framework to the U.S. Securities and Exchange Commission's (SEC) crypto task force. This initiative, named 'Project Open,' aims to bring equity securities like stocks onto the blockchain. The Solana Policy Institute describes 'Project Open' as a representation of progress in U.S. financial innovation, highlighting its potential to enhance market transparency, enable instant settlements, and reduce costs. BlackRock CEO Larry Fink has also emphasized the potential for every asset, including stocks, bonds, and funds, to be tokenized.