Orca, Streamex roll out secondary trading infrastructure for tokenized securities

Streamex, a tokenized commodities platform, and Orca, a decentralized exchange on Solana, have introduced a regulated secondary trading marketplace for tokenized securities. The platform enables accredited investors to trade Streamex’s gold-backed GLDY token through permissioned liquidity pools operating on Solana, ensuring compliance via KYC and accreditation checks. Investors must complete identity verification before accessing the market, with their eligibility data updated in real time onchain. Neither Streamex nor Orca will act as intermediaries for resales of the GLDY token, which is yield-bearing and backed by gold. Trading occurs through Orca’s automated market maker infrastructure, which has handled over $500 billion in cumulative volume since its launch. The companies position the GLDY trading pool as a model for other tokenized assets, including stocks, bonds, real estate, and commodities. The launch aligns with broader industry efforts to develop regulated trading infrastructure for tokenized assets. Earlier this month, the U.S. Securities and Exchange Commission approved Nasdaq’s pilot program for tokenized stocks and ETFs, allowing them to trade alongside traditional securities. Participation in the pilot is initially limited to eligible participants and securities tied to the Russell 1000 index and major ETFs. Other exchanges and tokenization platforms are also expanding blockchain-based trading infrastructure. In March, the New York Stock Exchange partnered with Securitize to develop tokenized stock and ETF trading systems for Intercontinental Exchange’s digital platform. Meanwhile, Centrifuge plans to bring tokenized Treasurys, private credit, and collateralized loan obligations to the Monad blockchain for lending and secondary market use. Data from RWA.xyz indicates the tokenized real-world asset market has grown to approximately $34 billion, with Treasury and commodity-backed products leading the segments. The collaboration between Streamex and Orca reflects the increasing demand for regulated, onchain trading solutions for traditional financial assets.