Building at @orca_so prev @google @blackrock
Joined May 2009
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- Following513
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Enjoyed my chat with @NickyScanz on @theindexshow. Thanks for having me on!
🌊 Solana's liquidity layer just got a face.
@tmoclabs, CEO of @orca_so, sat down with
@NickyScanz to break down regulated asset infrastructure, RWAs, tokenized gold, and why every new asset should launch on Solana first.
Excited to see this go live today - #GLDY by @streamex becomes the first tokenized security to access onchain liquidity through @orca_so on @solana.
If you're launching RWAs and need onchain liquidity that can meet your compliance needs, talk to us!
tally.so/r/b5NdKe
RWA Infrastructure Expands on Orca
Today, issuers can toggle permissions on permissionless infrastructure that permit eligible participants to transact regulated assets on @solana
That means:
- Asset issuers now have a new distribution channel to eligible participants onchain
- Participants trade these assets with eligible counterparties verified by the issuer
- Secondary markets for regulated assets can launch on Orca
@streamex is the first asset issuer to distribute their tokenized security on Orca.
Tokenized assets can be distributed to a global user base, 24/7. They also gain DeFi composability, such as being used as collateral to borrow against, which can give utility to previously illiquid capital.
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Update: Orca is increasing from 3/6 to 5/9 signers rotating all multi-sig keys that govern our program upgrade authority. We have also added a 24h time lock.
We are also enrolled in STRIDE, a security program for Solana DeFi funded by @SolanaFndn and led by @asymmetric_re.
@SolanaFndn proactively reached out to us about STRIDE, and we're grateful to be building on a chain that's committed and follows through on helping to improve security.
Been awesome to witness the development of this firsthand!
1/3 As we await the SEC’s Innovation Exemption, credit is due to Chairman @SECPaulSAtkins and Commissioner @HesterPeirce for creating an environment where U.S. builders can engage constructively with regulators and operate onshore with greater confidence.
For nearly a year, @orca_so has engaged with the SEC’s Crypto Task Force and Trading & Markets on how securities transactions through AMM infrastructure could fit within U.S. federal securities laws.
In every interaction, the staff asked hard questions, engaged in good faith, and showed a genuine desire to understand how Orca’s AMM infrastructure works. The change in tone under Chairman Atkins’ leadership has been remarkable.
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We’re aware of the Drift incident and are monitoring the situation. Our thoughts are with the affected teams and users.
All funds on Orca are fully secure and unaffected.
Our smart contracts have been audited by 4 separate auditing firms, and our opsec practices were audited recently by an external security consultant.
There is always more we can do, and we remain committed to continuously raising the bar to protect our users and their funds.
Had a great time talking about Solana, @orca_so, and the crypto industry as a whole. Thanks for having me on @maxekaplan @solstrategies
📢 This Thursday (Feb 19) | 15:30 ET
Join us live as @maxekaplan hosts @orca_so CEO Michael Hwang (@tmoclabs) to explore Solana’s liquidity layer.
🎙️Set your reminders 👇
xitter.cf/i/spaces/1OdJrOOBdDvxX…
I'm sure all these boutique coffee shops around me in NYC are dope, but the one that's really gonna slap is Dunkin' Donuts and im headed there now
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It's truly wild when folks doing unsolicited outreach gaslight you for being "disrespectful" when you don't reply.
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Excited to launch the Liquidity Terminal Beta! ORCA'S UX POD BE COOKING
This quoted post is unavailable.
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i'm a sucker for some saw waves with white noise. throw in the airy female vocals and it's gg. open.spotify.com/track/1FTrD…
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tmoc retweeted
The most interesting and consequential milestone in crypto markets today ->
Solana has surpassed Ethereum in trailing 30 day DEX volume for the first time ever...
...it is now the most used chain by that measure.
Next meaningful flippening in crypto is likely DEX volume market share.
Will probably take a few months.
Source: @artemis__xyz , @blockworksres
tmoc retweeted
🚀 Big News for Solana Users! 🚀
Spritz Finance is now on Solana!!! 🙌🏻
Pay bills 💳, shop 🛒, and on/off-ramp ⚡ using crypto directly from your wallet.
Get started today! 👇
Spritz.Finance/Solana
ALT A graphic that has the Spritz & Solana logos, the words "Solana now supported on Spritz" and "Shop & pay bills from your wallet." There's also an astronaut who has his visor pulled up to drink a tropical beverage. The drink is likely worth the exposure to space.
