🚨SEC #PROPOSED PROJECT OPEN: EQUITY SECURITIES ON BLOCKCHAIN.

🔹Solana Policy Institute, Superstate Inc., and Zagreus Services LLC submit "Project Open" to the SEC.

🔹The proposal advocates for equity securities issuance and trading on public blockchain networks.

🔹18-month pilot period with a limited number of issuers.

🔹Issuers to register "Token Shares" with the SEC, similar to traditional securities.

🔹KYC checks and investor education required for digital wallets.

🔹Transactions settled instantly via blockchain smart contracts, no clearing process.

🔹Blockchain used as the primary recording system for transfer agents.

Further concerns include blockchain network fees, peer-to-peer transaction supervision, and broker role definitions.