Streamex named as first issuer to distribute on Orca’s novel permissionless turnkey AMM infrastructure that permits issuers to set their required permissions on who is eligible to transact in their RWA.

Orca, the leading decentralized exchange on Solana, today announced the launch of permissioned pools enabling compliant, secondary market liquidity for regulated assets onchain. Designed as liquidity infrastructure compatible with asset issuers operating under securities regulations, providing the technical foundation for accredited, KYC-verified investors to trade regulated tokens in a permissioned environment onchain, with KYC’d counterparties.

The announcement marks a meaningful expansion of Orca's role in the onchain capital markets stack. Orca has long served as the leading source for deep liquidity on Solana, processing over $500B in cumulative volume since launching as one of the first applications on Solana 5 years ago, with zero exploits on fully audited smart contracts. This infrastructure extends that capability into permissioned pools on permissionless infrastructure for trading regulated assets onchain.

How Tokenized Regulated Assets Works Onchain

The permissioned pool infrastructure introduces a compliance enforcement layer at the protocol level allowing issuers of regulated assets to manage who is eligible to trade their assets on chain.

Key components include:

• Token accounts are initialized in a frozen state via Solana's Default Account State extension. Wallet holders must complete the issuer's required verification steps in order to hold or transact regulated assets. 
• An onchain access control layer syncs KYC-state in real time from the issuer's platform, so investor eligibility is continuously enforced without manual intervention. 
• Permissioned liquidity pools hosted on Orca's smart contracts, providing deep, concentrated onchain liquidity.
• A tailored trading experience in Orca's trade module surfaces permissioned-token indicators, KYC status-based callouts, making the issuer defined eligibility requirements visible and navigable for end investors.

Together, these components provide the liquidity infrastructure through which tokenized regulated assets can trade on a secondary market.

The First Issuer to List a Regulated Asset for Secondary Trading on Orca

Streamex (NASDAQ: STEX), a technology company focused on the tokenization of commodity real-world assets, is the first issuer to deploy a regulated asset on Orca's onchain permissioned pool infrastructure. Streamex's integration demonstrates the full end-to-end flow: gating access to accredited investors through issuer defined eligibility, and enabling secondary trading through Orca's permissioned liquidity pools.

What Orca and Streamex Leadership Say About Permissioned Rails for Regulated Assets Onchain

From Orca:

"Orca has spent five years building the liquidity infrastructure that Solana's market structure runs on, and that foundation matters now more than ever. As tokenized equities, funds, and real-world assets arrive onchain at exponential rates, issuers need more than a place to list. They need distribution through a trusted venue where regulated assets can seamlessly trade subject to eligibility parameters set by issuers." — Michael Hwang, CEO, Orca

From Streamex:

“The distribution problem has been the defining obstacle for tokenized securities, issuers can bring assets on-chain, but without a compliant secondary market, investors have nowhere to trade them. That changes today, by being able to work with the Orca team and harnessing their vast experience in the space as one of the largest decentralized exchanges ever on Solana, we were able to build the first infrastructure of its kind: a decentralized, permissioned trading venue on permissionless rails. GLDY is the first tokenized security in the world to trade in this environment, and we believe this is the model the entire industry will follow. Liquid secondary markets are not a nice-to-have, they are essential for institutional adoption of tokenized assets, and there now is one.” - Henry McPhie, Co-Founder & CEO, Streamex 

Bring Your Regulated Asset to Onchain Secondary Markets

Orca's permissioned pool infrastructure is now available to regulated asset issuers looking to build compliant secondary market liquidity on Solana. Issuers interested in listing a regulated asset on Orca, reach out to our team.

About Orca

Orca is Solana’s leading automated market maker (AMM) and liquidity infrastructure protocol, powering over $500 billion in on-chain trading volume through its capital-efficient concentrated liquidity pools. With a breadth of ecosystem integrations and a protocol architecture built for the next generation of financial assets, Orca is expanding its role from AMM infrastructure to custom-built compliance-ready technology to assist issuers in bringing capital markets on-chain.

About Streamex

Streamex Corp. (NASDAQ: STEX) is a technology company focused on the tokenization and digitalization of commodity real-world assets. Streamex delivers institutional-grade solutions that bridge traditional finance and blockchain-enabled markets through secure, regulated, and yield-bearing financial instruments.

For more information, visit www.streamex.com