Solana’s Tokenized Stock Market More Than Triples to $48M in Two Weeks

Solana's tokenized stock market capitalization surged from $15.28 million on June 20 to $48.53 million by July 4, more than tripling in just two weeks, now representing 11.4% of the total tokenized stock market.
Backed Finance, a Swiss-registered issuer, dominates Solana's tokenized stock offerings with 61 assets, accounting for 31% of its cross-network stock tokenization ($155 million total).
Tokenized stocks mirror traditional equity rights (e.g., dividends, voting) on-chain, enabling 24/7 trading, faster settlements, and lower costs via blockchain efficiency.
High-performance blockchains like Solana (using SPL standards) amplify demand for Real-World Assets (RWA), including securities and real estate, by combining DeFi liquidity with traditional finance benefits.
Regulatory developments, such as the U.S. GENIUS Act for stablecoins, may further boost tokenized stock adoption. Backed Finance plans to expand Solana-based stock and ETF offerings in late 2024.
Beyond stocks, assets like charging piles, wine, and GPU computing power are being tokenized. Projects like Ant Digits integrate decentralized computing (e.g., PowerVerse) to reduce costs and enable high-performance applications like AAA gaming via NFTs.
While the on-chain economy thrives due to DeFi's liquidity and democratization, challenges like regulatory uncertainty and security risks persist.

According to on-chain data tracked by rwa.xyz, as of July 4, Solana’s tokenized stock market capitalization reached $48.53 million, more than tripling in two weeks from $15.28 million on June 20.

The tokenized stock market on Solana accounts for 11.4% of the total market value of all tokenized stocks. Currently, the field is still led by Algorand with a market value of $294.71 million, and XRP Ledger ranks second with $55.35 million.

Tokenized stocks refer to the representation of traditional stock rights in the form of tokens on the blockchain. Each token represents the ownership of a certain number of actual stocks. Like other cryptocurrencies, tokens that map stock rights can also be traded, transferred, and stored on the blockchain platform. Through this RWA approach, investors can enjoy rights similar to holding actual stocks, such as dividends and voting rights, while also taking advantage of the advantages of blockchain technology, such as fast settlement, 24/7 trading, and lower transaction costs , and enjoy more convenient DeFi finance.

On the Solana network , tokens are settled according to the SPL standard. Their prices are tracked through an off-chain market maker mechanism, and collateral is audited regularly to reflect the value of the underlying securities.

According to rwa.xyz’s statistical directory, there are currently 61 tokenized stocks based on Solana, all issued by Backed Finance, which is registered in Switzerland. Data as of July 4 shows that $48.53 million of these assets belong to Backed, accounting for 31% of its total stock tokenization ($155 million) on all networks.

How to understand the booming trend of equity tokenization

The development trend of equity tokenization is closely related to the characteristics of DeFi. High-performance blockchain platforms provide high-speed , low-cost , 24-hour seamless trading conditions , which makes the trading of tokenized stocks more efficient and economical , and also brings asset liquidity. For investors, this means faster transaction confirmation time and lower handling fees. This model is also applied to RWA projects with real value such as securities and real estate.

As the advantages of traditional financial markets and the emerging DeFi ecosystem are amplified and attract more attention, market demand will be further expanded, providing broad market potential for the development of RWA.

The introduction of something like the GENIUS Act in the United States provides a federal-level regulatory framework for dollar-backed stablecoins, which could also have a positive impact on tokenized stocks on platforms including Solana.

This explains why the tokenization of stock rights has seen rapid development.

Backed Finance has publicly stated that it plans to add more stocks and exchange-traded funds (ETFs) to its Solana project in the second half of this year based on market maker demand.

Charging piles, wine, and GPU computing resources are all on the chain

Not only are stocks being put on the chain and displayed on the blockchain in the form of tokens to participate in the DeFi process, but also charging piles, wine, GPU computing resources and other liquid and basic physical assets are being put on the chain.

Ant Digits is working with the New Electric Road charging piles, Shanghai Malu Grape Project, Hangzhou PowerVerse decentralized cloud computing project, etc. to put physical assets on the chain.

Taking the computing power resources on-chain as an example, it means that the platform integrates distributed computing power resources, computing power mining and staking, smart contracts, privacy computing and blockchain technology, tokenized payment, decentralized storage, node reward mechanism, automatic trading of computing power resources, decentralized identity, DAO governance and other elements to form a decentralized computing power platform. The core computing power resources are circulated on the chain in the form of NFTs and traded on computing power exchanges.

Computing resources operate in a distributed and decentralized form, which is cheaper than traditional centralized cloud computing, while maintaining high-performance, low-latency computing characteristics. Users can access decentralized cloud computing through ordinary computers to play AAA games such as "Black Myth: Wukong" that require extremely high computing power. Before decentralized cloud computing, users needed to buy expensive hardware equipment such as graphics cards.

Conclusion

The on-chain economy is a new trend and opportunity for the market, so we can see that the tokenized stock market based on Solana has grown more than 3 times in two weeks, and we can see that liquid and basic physical assets have been opened up in the market through on-chain, all thanks to DeFi's high liquidity, privacy, market-oriented operation and democratic governance. Of course, regulatory uncertainty, technology and security risks are also testing the stability of DeFi.