Why Solana's Tokenized Stock Market is in a Rush: Hits $48M

Solana’s momentum continues to surprise both DeFi and traditional finance observers. In less than two weeks, Solana’s tokenized stock market capitalization more than tripled to exceed $48 million, underscoring a growing appetite for on-chain equities. 

This expansion not only outpaced other blockchains but also showcased how real-world assets (RWAs) on Solana are bridging conventional finance with decentralized innovation.

Read Also: Solana News, Price Predictions & Project Updates

Key Takeaways

• Solana’s tokenized stocks surged from $15 million to over $48 million between June 20 and July 4.
• All 61 tokenized stocks were issued by Switzerland’s Backed Finance under their xStocks product.
• Solana now holds 11.4% of the entire tokenized stock market capitalization across all networks.
• Algorand still leads the sector with nearly $295 million in tokenized equities.
• Backed Finance plans further token issuances, potentially pushing Solana past XRP Ledger in the coming months.
• Tokenized equities allow holders to swap tokens for the underlying shares via KYC procedures.

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Solana’s Record-Breaking Growth in Tokenized Stocks

According to on-chain data from rwa.xyz, Solana’s tokenized equity market reached $48.53 million by July 4. That’s more than triple its capitalization just two weeks prior. This growth marked the highest rate of expansion across any blockchain during this period.

While other networks like Algorand and XRP Ledger still maintain larger totals—$294.71 million and $55.35 million, respectively—Solana’s acceleration signals rising confidence among investors and issuers alike. 

The network’s scalability, low transaction costs, and established DeFi ecosystem appear to be drawing institutions interested in bringing regulated stocks onto the blockchain.

Backed Finance’s Role in Solana’s Boom

Every single one of Solana’s tokenized stocks comes from Backed Finance, a Swiss-regulated issuer of blockchain-based equity tokens. Known for its xStocks line, Backed Finance structures each token as a debt security fully backed 1:1 by the corresponding underlying equity. 

These tokens settle under Solana’s SPL token standard, making them compatible with decentralized apps and automated market makers.

Backed introduced its first Solana-native equity tokens as recently as April 2025. By June, the company was minting new tokens aggressively via a permissioned mint-and-burn process that connects directly with regulated custodians holding the real shares. 

This model has been praised as a bridge that blends traditional broker-dealer liquidity with DeFi applications such as lending protocols.

Read Also: Solana Price Prediction: Long Term vs Short Term Movement

Why Tokenized Stocks Are Gaining Traction

Tokenized equities are on-chain representations of traditional stocks that can be traded in the same way as any crypto token. For example, a tokenized Tesla share on Solana moves peer-to-peer without relying on a traditional brokerage account. 

Holders have the right to redeem tokens for the underlying shares if they complete Know Your Customer (KYC) verification through Backed’s authorized transfer agent.

This hybrid model appeals to investors who value both decentralization and regulatory safeguards. Traders can access global liquidity pools and leverage decentralized exchanges while maintaining a clear legal link to the actual stock. 

That combination is a key reason why Solana’s tokenized stock volumes are growing at such a rapid pace.

Trading and Exchanges

These Solana-based xStocks are available on major exchanges like Kraken and Bybit, expanding their reach to both crypto-native and traditional traders. 

As more market makers onboard tokenized equities, liquidity deepens and spreads tighten, creating more attractive trading conditions.

It’s worth noting that while Solana is surging, the broader tokenized stock market remains in its infancy compared to the multi-trillion-dollar traditional equity space. 

However, this early momentum is a strong indicator of what could become a much larger trend over the next decade.

Looking Ahead: Will Solana Overtake XRP Ledger?

Backed Finance has announced plans to add more equities and exchange-traded funds (ETFs) to its Solana program in the second half of the year.

If the growth pace seen in June continues, Solana could surpass XRP Ledger for the number two position in total tokenized stock capitalization before the end of 2025.

This prospect highlights how quickly tokenized finance can evolve—and how Solana, once primarily known for DeFi and NFTs, is carving out a new identity as a hub for regulated financial assets.

Read Also: Solana Price Prediction: Will It 10× From Here?

Final Thoughts

Solana’s booming tokenized stock market is more than a short-term hype cycle. It represents a real shift toward integrating traditional financial instruments into the decentralized economy. As more issuers, market makers, and traders engage with these products, Solana could position itself as the go-to blockchain for tokenized equities.

If you’re considering exposure to tokenized assets or building DeFi applications, Solana’s rapid growth is a signal worth watching closely.

FAQs

What are tokenized stocks?

Tokenized stocks are blockchain-based representations of traditional shares. They can be traded like any other crypto token but are backed 1:1 by the underlying equities.

Who issues Solana’s tokenized equities?

All Solana tokenized stocks so far have been issued by Backed Finance, a regulated Swiss company.

Can tokenized stocks be redeemed for real shares?

Yes, holders can redeem their tokens for underlying stocks after completing a KYC process through the issuer’s authorized transfer agent.

Why is Solana’s tokenized stock market growing so fast?

Low transaction fees, scalability, and compatibility with DeFi apps make Solana attractive for issuing and trading tokenized equities.

Where can you trade Solana tokenized stocks?

They are available on platforms like Kraken and Bybit, among others.