Solana’s tokenized stock market better than triples in two weeks to hit $48M
Solana’s tokenized stock market better than triples in two weeks to hit $48M Gino Matos · 4 weeks previously · 2 min learn
Solana’s tokenized shares upward thrust tremendously, with 61 property issued by technique of Switzerland’s Backed Finance fueling market expansion.
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Updated: Jul. 17, 2025 at 3:15 pm UTC
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Solana’s tokenized stock market hit $forty eight.fifty three million on July 4, up better than threefold from $15.28 million on June 20, in maintaining with on-chain files tracked by rwa.xyz.
Solana’s tokenized shares capitalization expanded better than threefold in two weeks, outpacing every diversified tracked network all one of the best method throughout the length.
Furthermore, the tokenized stock market on Solana represented 11.4% of the total market capitalization. Algorand remains the chief in the phase, with $294.71 million, whereas XRP Ledger follows in second establish aside with $55.35 million.
Tokenized shares alternate as on-chain representations of outdated equities and settle underneath the SPL regular on Solana.
Costs are tracked through off-chain market-making and periodic collateral audits, which replicate the underlying securities.
Concentrated issuance
The rwa.xyz catalog lists 61 Solana-primarily based tokenized shares, all minted by Backed Finance, a Switzerland-registered entity. The July 4 snapshot attributes $forty eight.fifty three million of Solana property to the issuer, equal to 31% of Backed’s $155 million combination stock tokenizations across all networks.
The tokenized variations of staunch shares are a product named xStocks by Backed. These merchandise are on hand for trading in essential exchanges, equivalent to Kraken and Bybit.
Backed launched its first Solana-native equity tokens in April and accelerated issuance through a permissioned mint-and-burn gateway that links to regulated custodians conserving the underlying shares.
Backed constructions each and every token as a debt security backed 1-for-1 by the corresponding stock, with settlement handled through approved individuals.
Holders might swap tokens for the underlying equity by ending a Know Your Customer (KYC) job and routing the count on to the issuer’s switch agent.
Market individuals delight in cited the mechanism as a in actual fact helpful bridge between centralized broker-vendor liquidity and decentralized finance tools equivalent to computerized market makers and lending protocols.
Backed Finance has publicly acknowledged that it plans so that that you must add extra equities and alternate-traded funds to its Solana program in the second half of of the year, contingent upon market maker demand.
A persisted cadence corresponding to June’s might push Solana previous XRP Ledger for the second-establish aside slot by total stock tag.
