Solana RWA Transfers Top $8.7B as Token Trading Rises

As of July 6, Solana recorded $8.68 billion in 30-day real-world asset transfers, a 105.76% increase from the prior 30 days. Tokenized asset spot volume across the network’s decentralized exchanges rose from $2.69 billion in the first quarter to $5.7 billion in the second quarter, according to Solana data.

Distributed asset value on the chain increased 36.27% over the same 30-day period to $3.48 billion. The number of holders of tracked real-world assets reached 293,558, up 7.83% across 2,119 assets, per on-chain analytics.

In mid-2025, Backed launched tokenized xStock equities on Solana, offering tokens tied to US stocks including Tesla and Nvidia. These equity tokens are retail-focused and are generally traded more frequently than institutional Treasury-style token products.

Institutional products on Solana include BlackRock’s BUIDL fund at roughly $615 million, Ondo’s USDY at about $181 million, and Securitize-linked products representing nearly $300 million in assets. Many of these instruments are issued through regulated fund vehicles or permissioned offerings that require know-your-customer checks for minting and redemption.

Permissioned structures can limit secondary transfers. Large tokenized funds raise reported asset totals but may move only through settlement, collateral or redemption workflows. Private credit and specialty finance tokens may enter lending and collateral markets when permitted, while Treasury-style funds often have controlled movement because of investor eligibility and compliance rules.

Stablecoins provide a cash leg for trading and settlement on Solana. Stablecoin market capitalization on the network stood at $16.02 billion, with a 30-day stablecoin transfer volume of $541.34 billion as of July 6. The number of stablecoin holders declined over the period.

Across blockchains, tokenized fund assets under management total about $35.6 billion, with Ethereum accounting for 57.8% of that AUM, according to Token Terminal data.

Legal and compliance rules and permissioned fund structures shape how tokenized instruments circulate on Solana and other networks.