Technology company Streamex Corp. has partnered with Orca to launch a 24/7 secondary liquidity infrastructure for trading tokenised securities. Nasdaq-listed Streamex builds the tokenisation ecosystem for real-world assets, starting with commodities. Orca provides automated market maker infrastructure on the Solana blockchain. A gold-backed, yield-bearing tokenised security called GLDY will be the first asset to trade using this new setup via the GLDY Pool on Orca.

The new infrastructure allows investors to buy and sell GLDY at any time. Institutional liquidity providers will offer real liquidity in this secondary market. Until now, buyers of tokenised securities lacked a reliable venue for trading. The new pool uses custom-built on-chain technology by Orca. This system allows Streamex to automatically enforce regulatory compliance at the token level by using its own KYC and accreditation technology.

While the system is launching with GLDY, the technology stack is designed to work for any tokenised security. This includes stocks, bonds, commodities, real estate and royalties. GLDY is sold under Rule 506(c) of Regulation D of the Securities Act of 1933 and is only available to verified accredited investors. The partnership hopes to give primary investors confidence that a compliant path for secondary liquidity exists.

Henry McPhie, Co-Founder & Chief Executive Officer of Streamex, said: “The distribution problem has been the defining obstacle for tokenized securities, issuers can bring assets onchain, but without a compliant secondary market, investors have nowhere to trade them. We believe this launch represents a significant step toward addressing that challenge. What we’ve built with Orca is among the first infrastructure of its kind: a decentralized, permissioned trading pool that operates 24/7 and enforces compliance at the token level, not layered on as an afterthought. GLDY is the inaugural tokenized security 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 we now have the only one.”

Orca introduces compliance directly at the Solana token level. Investor accounts are frozen by default, and only wallets that pass Streamex’s KYC and investor verification can trade GLDY. Real-time syncs connect eligibility status directly from Streamex to the blockchain. Permissioned concentrated liquidity pools on Solana handle the trading. Orca has processed over $500 billion in trading volume over five years without smart contract exploits.

Streamex will maintain the whitelist and handle investor onboarding. In return, Streamex will earn a share of the protocol fee revenue from Orca alongside transfer fees. Investors should note that GLDY tokens are restricted securities under federal laws, meaning resale is subject to legal limits. There is no guarantee that the market will maintain high trading volume or specific prices.