Streamex, a platform for tokenized commodities, has teamed up with Solana-based decentralized exchange Orca to roll out a permissioned onchain marketplace for tokenized assets. The new trading infrastructure will let verified accredited investors trade Streamex’s yield-bearing, gold-backed token GLDY in regulated liquidity pools that operate 24/7.
Access to the pools is controlled through identity and compliance checks tied to Streamex’s KYC and accreditation processes. Investor wallets remain locked until users complete verification, and eligibility is recorded and updated onchain in real time so only approved participants can buy or sell. The firms said neither Streamex nor Orca will act as brokers or intermediaries for secondary resales of GLDY.
Trades occur via permissioned liquidity pools built on Orca’s automated market maker (AMM) infrastructure. Orca noted its AMM has handled more than $500 billion in cumulative trading volume since launch. Streamex and Orca position the GLDY pool as a potential blueprint for tokenized versions of stocks, bonds, real estate and other commodities that require regulated secondary liquidity.
This announcement arrives amid a wider industry push to establish regulated rails for tokenized securities and real-world assets. The U.S. Securities and Exchange Commission recently approved a Nasdaq pilot that would allow tokenized stocks and exchange-traded funds to trade alongside their conventional counterparts on the same exchange, sharing order books, ticker symbols and shareholder rights. That pilot initially limits participation to eligible parties and selected securities tied to the Russell 1000 and large ETFs.
Other market participants are building similar infrastructure. The New York Stock Exchange has agreements to develop tokenized-stock and ETF capabilities with partners such as Securitize in connection with planned digital trading platforms. Tokenization specialists like Centrifuge are also moving traditional instruments onto blockchains, announcing plans to bring tokenized Treasurys, private credit and highly rated collateral products to alternative chains for use in lending, collateralization and secondary markets.
Market data providers tracking real-world assets on-chain estimate the tokenized RWA market at roughly $34 billion, with Treasury and commodity-backed offerings among the largest segments (source: RWA.xyz).
Streamex’s collaboration with Orca highlights how identity, accreditation and automated market-making can be combined to create compliant onchain secondary markets. As exchanges, tokenizers and regulators advance pilot programs and infrastructure, similar permissioned trading pools may become a common mechanism for providing liquidity for regulated digital representations of traditional assets.
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