Solana’s tokenized stock market capitalization has tripled to $48 million in early July, fueled primarily by Backed Finance’s xStocks product offering. This asset tokenization solution provides blockchain-based shares redeemable for traditional equities, accelerating adoption of real-world assets (RWA) on Solana.
With approximately 11.4% of global tokenized market capitalization now on its blockchain, Solana emerges as a competitive Layer 1 platform against established networks. The growth coincides with increased Total Value Locked and heightened on-chain RWA activity, reflecting Solana’s expanding influence in tokenizing traditional financial instruments.
Regulatory-compliant frameworks and advanced technological capabilities underpin Solana’s positioning as a leading blockchain for asset tokenization. This surge demonstrates accelerating institutional engagement with blockchain-based representations of real-world equities.