Streamex Partners with Orca to Deploy Trading Infrastructure for Tokenized Securities on Solana
In collaboration with Orca, Streamex has unveiled a secondary trading platform built on Solana for tokenized assets, enabling accredited investors to exchange the GLDY gold-backed token via permissioned liquidity pools operating onchain.
In collaboration with Orca, a decentralized exchange operating on the Solana blockchain, tokenized commodities platform Streamex announced the debut of a Solana-powered marketplace designed for the exchange of tokenized assets.
The trading infrastructure unveiled in a Tuesday statement will enable accredited investors who have completed verification processes to purchase and sell Streamex's gold-backed GLDY token, which generates yield, through regulated onchain trading pools that function continuously without interruption.
Compliance and identity verification mechanisms connected to Streamex's accreditation and KYC procedures are utilized by the system to limit trading access exclusively to authorized investors, while simultaneously facilitating secondary market liquidity for digital assets operating under regulatory frameworks.
According to statements from both companies, neither Streamex nor Orca will function as intermediaries or brokers for investors looking to conduct secondary sales of the GLDY token.
Exchange activity occurs through permissioned liquidity pools constructed on the Orca platform, with investor wallets maintained in a frozen state until users successfully complete accreditation checks and identity verification procedures. Real-time updates of investor eligibility information are also maintained onchain to guarantee that market access remains restricted exclusively to approved participants.
Since its initial launch, Orca's automated market maker infrastructure has facilitated more than $500 billion in aggregate trading volume, according to the company. The GLDY trading pool has potential to function as a blueprint for additional tokenized assets linked to commodities, real estate, bonds and stocks, the companies stated.
Exchanges race to build tokenized trading rails
This development arrives during a wider industry effort to construct regulated trading infrastructure designed for tokenized traditional financial assets, including stocks, funds and other conventional instruments.
The US Securities and Exchange Commission granted approval earlier this month for Nasdaq's pilot program proposal, which would permit tokenized exchange-traded funds and stocks to be traded on the same exchange platform alongside their conventional equivalents.
According to the proposal, conventional shares and tokenized securities would utilize identical ticker symbols, order books and shareholder rights. The pilot program restricts initial participation to securities connected to the Russell 1000 index and select major exchange-traded funds, as well as eligible participants.
Blockchain-based market infrastructure is also being expanded by additional tokenization companies and exchanges. The New York Stock Exchange entered into an agreement with Securitize in March to build infrastructure for tokenized ETFs and stocks connected to Intercontinental Exchange's digital trading platform currently under development.
Centrifuge, a platform specializing in tokenization of real-world assets, announced recently that it intends to introduce tokenized Treasurys, AAA-rated collateralized loan obligation products and private credit to the Monad blockchain for utilization in secondary market activity, collateral and lending applications.
According to data provided by RWA.xyz, the market for tokenized real-world assets has expanded to approximately $34 billion, with commodity-backed and Treasury products constituting some of the most significant segments.
