Solana Gains Ground as a Hub for Tokenized Equity Trading
Solana is increasingly being used to settle and trade tokenized versions of stocks and ETFs. Its real-world asset value reached $4.6 billion on September 23, with holder wallets up nearly 95% over 30 days. The xStocks framework covers more than 800 stocks and ETFs and has surpassed $500 million in assets under management on Solana.
Solana's real-world asset sector spans equities, ETFs, government debt, commodities, and funds. On Sept 23, its RWA value was $4.6B, with distributed assets at $4.49B, up 11.47% month over month. Holder wallets reached 685,850, a 94.86% 30-day rise, while transfer volume hit $6.89B, up 95.56%.
xStocks covers over 800 stocks and ETFs and has handled more than $40B across networks. On Solana it passed $500M AUM and 190,000 holders by August, offering exposure to NVIDIA, Tesla, SPY, and QQQ. Each xStock is intended to be backed 1:1, though rights and redemption vary by product and jurisdiction.
Tokenized equities on Solana may broaden access to fractional, 24/7 trading and DeFi use, potentially benefiting retail investors and issuers. It could also introduce risks around custody, redemption, investor rights, and jurisdiction. Market participants, regulators, and traditional brokerages may face pressure to adapt. Overall impact depends on safeguards, liquidity, and whether these products deliver advantages beyond existing brokerage systems.