Under the new setup, investors must complete know-your-customer (KYC) checks before they can buy, hold or trade regulated tokens. Issuers can also decide who is eligible to access their assets, with Orca’s system automatically enforcing those rules onchain.

The trading pools run on Orca’s existing liquidity infrastructure, while the exchange’s interface will show users whether an asset has restrictions and whether they qualify to trade it.

“Orca has spent five years building the liquidity infrastructure that Solana’s market structure runs on,” said Orca CEO Michael Hwang in a press release. “As tokenized equities, funds and real-world assets arrive onchain at exponential rates, issuers need more than a place to list.”

Read more: Solana-Based DEX Orca’s Native Token Skyrockets 92% as Upbit Announces Listing

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SoFi (Shutterstock)

The fintech platform says its dollar-backed stablecoin will let members trade, transfer and eventually earn yield through its banking app.

What to know:

  • SoFi has launched SoFiUSD, a dollar-backed stablecoin on Ethereum and Solana, becoming the first U.S. national bank to offer a stablecoin directly to retail customers on a public blockchain.
  • Nearly 15 million SoFi members can now buy, sell, hold and convert SoFiUSD in the app, with each token redeemable 1:1…

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