Solana's largest decentralized exchange, Orca, has rolled out "permissioned pools" — a new infrastructure layer that lets only KYC-verified, approved investors trade regulated tokenized assets directly onchain. The first issuer to go live is Streamex, a commodity tokenization firm whose gold-linked security GLDY becomes the first regulated asset to trade through the new system.
The setup is built for U.S. compliance: issuers control who can access their assets, and Orca's smart contracts automatically enforce eligibility rules onchain — no manual gatekeeping required. The trading pools run on Orca's existing concentrated-liquidity infrastructure, with the interface surfacing restriction status and investor eligibility at a glance.
CoinDesk