The tokenized commodities platform Streamex has announced the launch of a new trading venue in partnership with the Solana-based decentralized exchange Orca. This infrastructure allows accredited investors to buy and sell Streamex's gold-backed GLDY tokens 24/7 through regulated on-chain pools. This is reported by Cointelegraph.com .
The system utilizes identity verification linked to Streamex's KYC and accreditation processes. This ensures that only verified investors can trade and provides liquidity in the secondary market for regulated digital assets. The companies state that neither Streamex nor Orca acts as a broker or intermediary in the resale of GLDY tokens.
Trading processes are executed through permissioned liquidity pools created on the Orca platform. Investor wallets remain frozen until they pass user identity verification and accreditation checks. Data on investor eligibility is updated on-chain in real-time, guaranteeing that only authorized participants can access the market.
According to Orca, its automated market maker infrastructure has processed over $500 billion in total trading volume since its inception. The companies note that the GLDY trading pool could serve as a model for other tokenized assets linked to stocks, bonds, real estate, and commodities.
This initiative comes amid global efforts to build regulated infrastructure for tokenized stocks and funds. Previously, the U.S. SEC approved a pilot project by the Nasdaq exchange to trade tokenized stocks and ETFs alongside traditional securities. Additionally, the New York Stock Exchange has signed an agreement with Securitize to develop similar infrastructure.
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