Solana and other institutions proposed to the US SEC to put US stocks on the blockchain to promote financial innovation

Odaily News Solana Policy Institute, Superstate Inc., Lowenstein Sandler LLP and Orca Creative submitted a new framework to the U.S. Securities and Exchange Commission (SEC) Crypto Task Force on Wednesday to bring equity securities such as stocks to the blockchain. The pilot project is called "Project Open". Solana Policy Institute said that "Project Open is a manifestation of the progress of financial innovation in the United States" and can improve the transparency of the U.S. financial market, achieve instant settlement and reduce costs. BlackRock CEO Larry Fink also pointed out: "Every stock, every bond, every fund - every asset - can be tokenized."