Orca Jumps 24% as Tokenized-Stock Volume Tops $1.2B

Orca, a decentralized exchange on the Solana blockchain, has experienced a significant surge in market attention following reports of $1.2 billion in year-to-date trading volume for tokenized stocks. This growth is supported by $1.4 million in revenue, signaling that the platform's expansion into regulated on-chain assets is generating tangible economic value. Orca has introduced permissioned liquidity pools to facilitate compliant trading, allowing issuers to enforce KYC requirements for assets like tokenized SpaceX shares. This strategic shift positions the protocol as a liquidity layer for regulated financial products rather than just a venue for crypto-native assets. The market momentum is further bolstered by a pending governance proposal that would allocate 20% of protocol fees toward ORCA token buybacks and rewards. These developments occur against a backdrop of increasing regulatory support, including the SEC's recent innovation exemption for tokenized securities venues. Consequently, Orca is evolving its infrastructure to capture liquidity from traditional financial markets moving on-chain, marking a pivotal transition in its business model.