New Framework Submitted to SEC for Tokenizing Equity Securities
A coalition of blockchain and legal experts has proposed a groundbreaking framework to the U.S. Securities and Exchange Commission's crypto task force, aiming to bring traditional equity securities onto the blockchain. The initiative, dubbed "Project Open," is spearheaded by the Solana Policy Institute, Superstate Inc., Lowenstein Sandler LLP, and Orca Creative.
According to Odaily, Project Open is designed to modernize financial infrastructure by enabling the tokenization of assets like stocks, making them more accessible and efficient. The proposal outlines how blockchain can enhance market transparency, support instant settlements, and significantly reduce transactional costs — a step seen as a leap forward for U.S. financial innovation.
The timing of the proposal aligns with a growing consensus among financial leaders. BlackRock CEO Larry Fink has recently reiterated his belief that "every asset — stocks, bonds, funds — will eventually be tokenized," underscoring the momentum behind blockchain integration in traditional finance.
If approved, Project Open could mark a pivotal shift in how equity markets operate — bringing Wall Street closer to Web3.
