Solana broke a new milestone, with a total of $2 billion in tokenized real-world assets (RWAs). Over the past year, the chain saw nearly 10x growth in asset tokenization, primarily equities.
Solana retained its place as one of the emerging asset tokenization networks. Despite the bear market, RWA tokenization continued to set new records on Solana, recently breaking above the $2 billion mark.
The network has a total of 1,831 tokenized assets, with approximately 177,000 wallet holders. Tokenized assets reached a monthly turnover of $3.25 billion, mainly due to stock trading.
The tokenization of peak RWAs also coincides with a new peak of Solana holders, at over 166.3 million holders, based on TokenTerminal facts.
Solana holds a significant portion of the total $16 billion active market capitalization of RWA tokens. Ethereum is priced at around $10 billion, and BNB Chain also leads the way with $3.62 billion.
Which are the most active risk-weighted assets on Solana?
With the exception of stablecoins, Solana RWAs are split into two main categories. One of these is tokenized bonds, including the BlackRock Institutional Digital Liquidity Fund. As of March 2026, this has been the largest source of value in Solana’s RWA market.
Ondo US Dollar Yield is another low volatility tokenized instrument on Solana, based on traditional finance. Other tokenized assets include specialized stablecoins used in DeFi.
The third largest category is individual tokenized stocks, which are already widely traded on the Solana exchanges. The shares are mostly tied to XStocks, which has become the main Solana tokenization standard. XStocks reflect demand for stock trading outside the US.
For now, RWA holders on Solana lag behind other assets, but show that Solana has managed to respond quickly and build a stock market. Solana also helps international traders access the Magnificent 7 stocks, AAPL, MSFT, GOOGL, AMZN, NVDA, META and TSLA, which are among the most active. For now, trading in tokenized stocks is still growing, with around $10 million in daily volumes for TSLA, easily surpassed by older crypto tokens. However, robust growth over the past year may change the appeal of on-chain stock trading.
As Cryptopolitan reported, crypto traders showed their adaptability by switching to oil during a stagnant period for digital assets. Solana stock could absorb a larger share of demand if the crypto market maintains its low sentiment.
RWA tokenization consolidates around securities and equities
RWA tokenization expanded in 2025 after greater clarity was gained on the most successful types of tokenized assets.
Currently, securities or bonds are the best performing class, due to the volatility of other markets. RWAs increased demand for yield-bearing assets, where traders could park their peak stablecoin positions.
The more exotic RWA classes have the largest losses, in addition to low activity. Agriculture, commercial real estate, carbon credits and private lending have suffered losses. While tokenized stocks are in high demand for trading, they are also a riskier asset class.