Orca is expanding its business from traditional on-chain trading to regulated real-world asset markets. On May 27, the Solana decentralized exchange launched an access-restricted RWA trading pool, with Streamex, a tokenized gold company, as its first partner.

The issuer may set trading qualifications

This mechanism is built on Solana's Token Extensions. Regulated tokens are frozen by default upon issuance, and wallets cannot hold or transfer related assets until the verification process set by the issuer is completed.

Subsequently, the on-chain access control layer synchronizes the KYC status on the issuer's platform and continuously checks whether investors are qualified to trade. The relevant liquidity enters a permission-controlled trading pool and continues to run on Orca's audited smart contracts.

Streamex was the first to launch

Streamex was the first issuer to integrate its offering. Its $GLDY is a gold-linked tokenized security that pays monthly returns in gold, with a target annualized yield of up to 4%.

According to the article, $GLDY is offered to accredited investors who meet the requirements of U.S. Rule 506(c). After integration with Orca, the asset can be traded 24 hours a day. Streamex is responsible for maintaining the investor whitelist and sharing a portion of the protocol fees and transfer charges.

Solana's on-chain RWA rose to $2.58 billion.

According to RWA.xyz data, excluding stablecoins, the size of real-world assets on the Solana chain is approximately $2.58 billion, growing by about 7% in the past 30 days, covering more than 1,840 assets.

Over the past 12 months, Solana's RWA market has grown more than tenfold. The number of wallets holding related assets has reached nearly 220,600, representing a monthly increase of 13.7%. Tokenized stocks, gold, and US Treasury products are the main drivers of this growth.