Techub News reports that, according to The Block, the Solana Policy Institute, Superstate Inc., Lowenstein Sandler LLP, and Orca Creative submitted a new framework to the U.S. Securities and Exchange Commission (SEC) crypto special working group on Wednesday, aimed at putting equity securities like stocks on the blockchain. This pilot project is called "Project Open," and the Solana Policy Institute stated, "Project Open is a manifestation of progress in U.S. financial innovation," which can enhance the transparency of U.S. financial markets, achieve instant settlement, and drop costs.