Streamex Corp. and Orca officially launched the GLDY Pool on Solana on May 27, 2026, providing accredited investors with 24/7 secondary trading access to the gold-backed token. As reported by Streamex CEO Henry McPhie, the launch addresses a critical problem that has slowed tokenized asset adoption for years - investors had no reliable venue to sell their tokenized securities. The pool enforces compliance through token-level access controls built directly into Solana's infrastructure, with investor wallets starting in a frozen state by default. Only wallets whose holders have completed Streamex's KYC and accredited investor verification can hold or trade GLDY, with an onchain access control layer syncing eligibility status in real time from Streamex's KYC platform.
GLDY is offered under Rule 506(c) of Regulation D under the Securities Act of 1933 and is available exclusively to verified accredited investors. Streamex takes steps to verify accreditation status for all participants in line with federal securities requirements. The pool enforces compliance through token-level access controls built directly into Solana's infrastructure, with continuous verification without manual review steps between trades. According to Streamex, this model represents the first infrastructure of its kind: a decentralized, permissioned trading pool that operates 24/7 and enforces compliance at the token level. The revenue arrangement gives Streamex a portion of Orca's protocol fee revenue from the GLDY Pool, in addition to transfer fees built into GLDY itself.
Orca's concentrated liquidity pools, known as Whirlpools, provide the underlying trading infrastructure for the GLDY Pool. The design allows institutional market makers to deploy capital in targeted price ranges, creating deeper liquidity with less capital than traditional pool structures. Orca's AMM infrastructure has processed more than $500 billion in cumulative trading volume since launch, with no smart contract exploits recorded, according to the company. The pool operates on Orca's existing liquidity infrastructure, with the exchange's interface showing users whether an asset has restrictions and whether they qualify to trade it. Unlike Orca's existing permissionless trading pools, the new RWA marketplace operates on a permissioned pool system, meaning only approved investors who have passed identity verification and compliance checks are eligible to trade.
The GLDY Pool is designed to scale to other asset classes, including stocks, bonds, real estate, and royalties as tokenized securities adoption grows. According to Streamex, the same infrastructure model applies to any tokenized security, with Solana's throughput and low transaction costs making it a practical base for regulated, high-frequency trading environments. The broader tokenized real-world asset (RWA) market on Solana has grown to include tokenized Treasuries, private credit, and commodity-backed instruments, with Orca, Raydium, and Jupiter serving as primary liquidity venues in that ecosystem. The GLDY Pool adds a compliance-enforced layer to that infrastructure for regulated securities specifically, marking an expansion for Orca beyond pure crypto trading into infrastructure for tokenized financial assets.
