- Trending
- Comments
- Latest
Tokenized real-world assets on Solana reached a record $873.3 million in December, driven by institutional demand for treasury products from BlackRock and Ondo Finance that now represent over $430 million in market value.
The 10% monthly increase and 18.4% growth in holders to 126,236 mark Solana’s strongest showing in the tokenized asset market, according to data from RWA.xyz, as traditional finance institutions accelerate blockchain-based settlement of U.S. Treasuries, equities, and yield-bearing funds.
A significant portion of the growth stems from tokenized U.S. Treasury products already live on Solana. BlackRock’s USD Institutional Digital Liquidity Fund and Ondo Finance’s U.S. Dollar Yield product account for a combined market capitalization exceeding $430 million, making them two of the largest tokenized instruments on the network.
These products are designed for regulated, yield-seeking investors, and their presence underscores why Institutional Solana adoption is increasingly tied to real-world finance rather than crypto-native speculation.
“Entering the new year, regulated and yield-bearing RWAs continue to expand on Solana,” Capital Markets said in a recent market note, pointing to growing demand for compliant onchain financial products.
The recent uptick also includes early-stage tokenized equities such as Tesla xStock and NVIDIA xStock, which together have added tens of millions of dollars in value. Analysts say these products demonstrate how equity-linked instruments may become a new frontier for Institutional Solana adoption.
Ethereum remains the dominant blockchain for tokenization, hosting roughly $12.3 billion in RWAs. BNB Chain follows with around $2 billion. Solana, while smaller by comparison, is emerging as a credible alternative after a strong close to 2025.
Industry observers argue that Solana’s low fees and high throughput make it well suited for large-scale asset issuance, particularly as institutions explore onchain settlement and real-time liquidity.
Momentum around Institutional Solana adoption has also been supported by growing engagement from traditional finance.
In late 2025, multiple spot Solana ETF filings advanced through regulatory review in the U.S., drawing renewed attention from institutional allocators. While final approvals are still pending, the filings alone helped drive approximately $765 million in institutional inflows into Solana-linked products, according to industry estimates.
Separately, Western Union announced plans to build a stablecoin-based remittance platform using Solana’s blockchain, targeting its global customer base of more than 150 million users. The service is expected to launch in early 2026, further strengthening the case for Institutional Solana adoption in payments and settlement.
Despite the expanding ecosystem, Solana’s native token began 2026 trading near $125, well below its January 2025 high of $190 and down roughly 57% from its all-time high of $293.30. Market analysts say the divergence highlights a growing separation between network fundamentals and short-term price performance.
Onchain metrics remain robust. Over the past 30 days, Solana-based applications generated more than $110 million in revenue, surpassing both Ethereum and Hyperledger over the same period. Supporters argue this revenue strength reinforces the long-term case for Institutional Solana adoption, even during periods of price consolidation.
Looking ahead, regulatory clarity may prove decisive. Crypto asset manager Bitwise has said Solana could reach new highs if the proposed U.S. CLARITY Act is passed in 2026, citing the bill’s potential to unlock broader tokenization across regulated markets.
“We’re bullish on Ethereum and Solana—really bullish,” Bitwise said in a recent outlook. “Stablecoins and tokenization are megatrends, and Ethereum and Solana are likely to be the biggest beneficiaries of that growth.”
Galaxy Research echoed the view, forecasting that Solana’s so-called Internet Capital Markets could grow from roughly $750 million today to $2 billion in 2026, driven by an expected wave of more than 50 spot altcoin ETF launches in the U.S
Ondo Finance, a leading player in tokenized assets, reported $2 billion in trading volume in 2025 and plans to expand onto Solana in 2026 following regulatory approvals in the U.S. and Europe. Executives say the move is a direct response to rising demand for compliant infrastructure supporting Institutional Solana adoption.
Earlier this month, SkyBridge Capital founder Anthony Scaramucci told CNBC that Solana is “well positioned to become a standard for tokenized assets,” citing its speed and cost efficiency. He added that tokenization will define the next phase of digital finance, particularly on networks capable of handling institutional-scale volume.
With firms such as BlackRock, JPMorgan, and Fidelity increasingly engaging with Solana-based initiatives, Institutional Solana adoption appears less like a narrative and more like an emerging structural trend—one that could reshape how traditional assets move onchain in the years ahead.
