Solana and other institutions have proposed to the SEC, advocating for the issuance and trading of securities on the public blockchain.

BlockBeats News, May 1st, the Solana Policy Institute, Superstate Inc., and Orca Creative recently jointly submitted a proposal to the U.S. Securities and Exchange Commission (SEC) named "Project Open," advocating for the issuance and trading of securities based on public blockchain to improve market efficiency and support existing regulatory objectives.

The proposal includes: digital equity registered as Token Shares, wallet addresses verified through KYC and training, an on-chain shareholder registry, non-custodial or compliant custodial wallet structures, instant settlement mechanism, and a peer-to-peer trading model based on smart contracts.