Institutions like the Solana Policy Institute submitted a proposal to the SEC for blockchain securities trading.

According to Gate.io News bot, Wu said that the Solana Policy Institute, Superstate Inc., and Orca Creative jointly submitted a proposal named "Project Open" to the U.S. Securities and Exchange Commission (SEC).

The proposal aims to conduct securities issuance and trading activities through public blockchain infrastructure. The specific plan includes: registering equity in the form of Token Shares, establishing a whitelist of wallet addresses that have undergone KYC and educational training, using blockchain to record the shareholder register, establishing a non-custodial or compliant custodial wallet structure, implementing an instant settlement mechanism, and conducting peer-to-peer transactions based on smart contracts.