Solana broke a new milestone, with a total of $2B in tokenized real-world assets (RWAs). For the past year, the chain saw near 10X growth of asset tokenization, mostly of equities.
Solana retained its spot as one of the emerging networks for asset tokenization. Despite the bear market, RWAs tokenization kept setting new records on Solana, recently breaking above the $2B mark.
The network carries a total of 1,831 tokenized assets, with around 177K wallet holders. Tokenized assets reached $3.25B in monthly turnover, mostly driven by equities trading.
Peak RWAs tokenization also coincides with a new peak of Solana holders, at over 166.3M holders, based on TokenTerminal data.
Solana has a significant share of the total $16B active market cap of RWA tokens. Ethereum carries around $10B, and BNB Chain is also ahead with $3.62B.
Which are the most active RWAs on Solana?
Excluding stablecoins, Solana RWAs are split into two main categories. One is tokenized bonds, including BlackRock Institutional Digital Liquidity Fund. As of March 2026, this is the biggest source of value on Solana’s RWAs market.
Ondo US Dollar Yield is another low-volatility tokenized tool on Solana, based on traditional finance. Other tokenized assets include specialized stablecoins used in DeFi.
The third biggest category is individual tokenized equities, already widely traded on Solana exchanges. The equities are mostly linked to XStocks, which turned into the main Solana tokenization standard. XStocks reflect demand for equities trading outside the USA.
For now, RWA holders on Solana are lagging behind other assets, but show that Solana managed to react quickly and build an equity market. Solana also helps global traders access the Magnificent 7 stocks, AAPL, MSFT, GOOGL, AMZN, NVDA, META, and TSLA, which are among the most active. For now, tokenized equities trading is still growing, with around $10M in daily volumes for TSLA, easily surpassed by legacy crypto tokens. The robust growth in the past year, however, may shift the appeal of on-chain stock trading.
As Cryptopolitan reported, crypto traders showed their adaptability, switching to oil during a stagnant period for digital assets. Solana equities may absorb more of the demand if the crypto market retains its low sentiment.
RWA tokenization consolidates around securities and equities
RWA tokenization expanded in 2025 after gaining more clarity 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 expanded the demand for yield-bearing assets, where traders could park their peak stablecoin holdings.
More exotic RWA classes have the biggest losses, in addition to low activity. Agriculture, commercial real estate, carbon credits, and private loans have incurred losses. Tokenized equities, while in-demand for trading, are also a riskier asset class.