The tokenization of real-world assets continues to gain momentum. Now, Streamex and Orca have joined the race. The companies are launching infrastructure for trading tokenized assets on the Solana network.
This is about the GLDY token, which is backed by gold and also generates yield. Only accredited investors who have passed identity verification and status confirmation through the Streamex system will be able to buy and sell it.
The trading itself is built through closed liquidity pools based on Orca. Until a user completes KYC and accreditation, access to operations for their wallet remains closed.
Both Streamex and Orca emphasize that they do not act as intermediaries or brokers in the resale of tokens. Essentially, the platform simply provides infrastructure for the secondary market of such assets.
Information about who is allowed to trade is updated directly on the blockchain in real time. This is necessary to ensure that only users who have passed all checks can access the pools.
According to Orca, their AMM infrastructure has already processed over $500 billion in trading volume since launch.
The companies believe that the same model can later be used to launch other tokenized assets — stocks, bonds, real estate, or commodities.
Exchanges Are Entering the Tokenized Asset Market More Actively
The story with Streamex and Orca looks like part of a larger trend. Crypto companies and traditional exchanges are now actively building infrastructure for tokenized versions of standard financial instruments.
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Recently, the SEC approved a pilot project by Nasdaq that will allow trading of tokenized stocks and ETF alongside regular securities on one platform.
At the same time, the goal is to keep the same tickers, order books, and shareholder rights for tokenized assets as for standard stocks.
At launch, the program will cover select securities from the Russell 1000 index and the largest ETF.
This spring, the New York Stock Exchange also joined the trend. NYSE partnered with Securitize to jointly develop a platform for tokenized stocks and ETF based on the digital infrastructure of Intercontinental Exchange.
Centrifuge is also moving in this direction. The platform plans to bring tokenized US Treasury bonds, private lending instruments, and AAA-tranches of CLO to the Monad blockchain. All of these are intended for use in lending, collateral, and secondary trading.
Such assets are planned to be used for lending, collateral, and the secondary market.
RWA.xyz estimates the tokenized real-world asset market at nearly $34 billion. The main volume currently comes from products related to bonds and commodity assets.
The tokenized real-world asset market has approached $34 billion. Source: RWA.xyz
