Solana rockets into top 5 tokenized equities platforms as XStocks 2025 rally ignites blockchain boom

Solana's blockchain just pulled off a Wall Street coup—muscling into the elite top 5 tokenized equities platforms as XStocks' 2025 surge sends shockwaves through traditional finance.

The high-speed network became the unlikely staging ground for this year's most explosive tokenized assets rally, proving once again that while bankers were busy debating regulation, crypto was busy eating their lunch.

With sub-second settlement times and gas fees that don't require a second mortgage, Solana's architecture finally gave institutional investors what they've been pretending not to want: a backdoor into decentralized markets.

The platform now handles more equity token volume than three legacy competitors combined—a fact that's probably giving some gray-haired CFOs indigestion alongside their $28 artisanal coffees.

As of November, Solana has also become the main hub for tokenized equities, the smallest and still-growing asset class in RWA tokenization. Over 90% of tokenized equities are minted on Solana, with 77% of transfer volumes using the chain. 

XStocks was also added to BNB Chain, Ethereum, as well as Arbitrum, with multiple avenues for transfers. Despite this, Solana remains the preferred network. XStocks are making their way into DeFi, becoming a new collateral class to mint stablecoins. Recently, Falcon Finance added XStocks as collateral for USDf.

Kamino Lend, Solana’s most widely used lending protocol, has also added XStocks as collateral. 

XStocks turns into the leading brand for tokenized equities

The launch of XStocks in July created a high-profile brand for tokenized equities. Until recently, tokenized shares were informally created, and the markets were fragmented. 

Public equity is still the smallest addition to general tokenization. However, a unified stock standard may bring more crypto natives to trading, especially with the addition of convenient markets. 

XStocks caters to a mix of large-scale traders and retail. Most of the volumes are concentrated on a handful of assets, with Tesla (TSLA) and Nvidia (NVDA) at the top. XStocks still lag behind the RWA secured by Ondo and Securitize, but are one of the few stock-based tokens to launch for the European market. 

Solana becomes a top 5 network for RWA tokenization

XStocks are becoming the most intuitive type of RWA tokens, bringing Solana into the top 5 of networks for RWA tokenization. XStocks are still growing, with just under $100M in total value locked. 

Solana is still lagging behind Ethereum, which got a boost from tokenized money markets. ONDO is the most direct competitor, as the chain also has its own prominent brand of tokenized shares. 

While Solana still has a more limited selection of tokenized RWA, the active trading of XStocks is a breakthrough, as other tokens have lower trading activity. Solana also reported 101K holders of its tokenized shares, showing greater potential for mainstream adoption.

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