Streamex, Orca open 24/7 permissioned GLDY pool on Solana

Streamex Corp. and Solana-based decentralized exchange Orca launched the GLDY Pool on Solana on May 27, 2026. The pool provides continuous secondary market access for GLDY, a gold-backed, yield-bearing token restricted to accredited investors.

The pool uses a permissioned automated market maker that limits trading to wallets cleared through Streamex’s know-your-customer and accredited investor checks. Streamex, listed on Nasdaq as STEX, partnered with Orca to create on-chain controls that enforce eligibility before a wallet can receive, hold or trade GLDY.

Compliance is enforced at the token level through access controls built into Solana’s infrastructure. Investor wallets start in a frozen state by default; only wallets belonging to holders who complete Streamex’s KYC and accreditation verification can interact with GLDY. An on-chain access control layer synchronizes eligibility in real time with Streamex’s KYC platform, removing the need for a manual review between individual trades. GLDY is offered under Rule 506(c) of Regulation D and is available only to verified accredited investors.

Henry McPhie, Streamex’s chief executive, described the project as ‘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.’

Orca’s concentrated liquidity pools, known as Whirlpools, power the trading functionality. The Whirlpool design lets market makers place capital within targeted price ranges, which can produce deeper liquidity with less capital than traditional constant-product pools. Orca reports its automated market maker infrastructure has processed more than $500 billion in cumulative trading volume and has recorded no smart contract exploits to date.

Financial terms for the GLDY Pool include a share of Orca’s protocol fee revenue payable to Streamex and transfer fees embedded in the GLDY token. Streamex will maintain the KYC whitelist and handle investor onboarding. The companies say the same technology stack can be used for other tokenized securities, including stocks, bonds, real estate and royalty streams.

Regulatory and operational limits apply. GLDY tokens are restricted securities under federal law, and secondary resales are subject to limitations under the Securities Act. Market liquidity will depend on willing counterparties, the continued operation of Orca’s infrastructure and ongoing compliance. Trading tokenized securities involves regulatory, smart contract and blockchain network risks that differ from other digital assets.

The GLDY Pool joins a growing market on Solana for tokenized real-world assets such as Treasuries, private credit and commodity-backed instruments, where Orca, Raydium and Jupiter serve as primary liquidity venues.