Solana DEX Orca launches new marketplace for tokenized real-world assets
The launch comes as crypto companies increasingly focus on tokenizing traditional financial assets, a market many in the industry see as a major growth opportunity.
What to know:
- Solana-based decentralized exchange Orca launched a new system that lets approved investors trade regulated tokenized assets onchain, starting with commodity tokenization firm Streamex and its gold-linked security GLDY.
- The move reflects the crypto industry’s growing push into tokenized real-world assets, as firms race to build compliant marketplaces for trading products like tokenized commodities, funds and securities.
Streamex, a company focused on tokenizing commodity-based assets, will be the first issuer to use the new system, according to Orca. The company said in a press release shared with CoinDesk that its tokenized gold-linked security, GLDY, will be the first regulated asset to trade through Orca’s new infrastructure.
The launch marks an expansion for Orca beyond pure crypto trading and into infrastructure for tokenized financial assets. This comes as crypto companies increasingly focus on tokenizing traditional financial assets, a market many in the industry see as a major growth opportunity.
