Solana’s Tokenized Stock Market Explodes: $48M Milestone Smashed in Just 2 Weeks

Solana's tokenized stock market just pulled off a hat-trick—tripling its value in a blistering 14-day sprint to $48 million. Who needs Wall Street's 9-to-5 when blockchain moves at light speed?

Breaking the Mold

Traditional finance is scrambling as Solana's synthetic assets eat their lunch. No middlemen, no settlement delays—just pure, unfiltered market access. The numbers don't lie: this isn't a fluke, it's a freight train.

Why This Hurts Legacy Finance

While banks argue about T+2 settlements, Solana's ecosystem settles in seconds. The $48M surge proves investors would rather trust code than custodians. (Bonus point: Wall Street's 'blockchain committees' just scheduled another three-year study.)

Bottom Line

When a decentralized network outpaces NYSE-listed volumes, the message is clear: adapt or get tokenized.

Concentrated issuance

The rwa.xyz catalog lists 61 Solana-based tokenized stocks, all minted by Backed Finance, a Switzerland-registered entity. The July 4 snapshot attributes $48.53 million of solana assets to the issuer, equal to 31% of Backed’s $155 million aggregate stock tokenizations across all networks.

The tokenized versions of real stocks are a product. These products are, such as Kraken and Bybit. 

Backed introduced its first Solana-native equity tokens in April and accelerated issuance through a permissioned mint-and-burn gateway that links to regulated custodians holding the underlying shares.

Backed structures each token as a debt security backed 1-for-1 by the corresponding stock, with settlement handled through authorized participants. 

Holders may swap tokens for the underlying equity by completing a Know Your Customer (KYC) process and routing the request to the issuer’s transfer agent.

Market participants have cited the mechanism as a useful bridge between centralized broker-dealer liquidity and decentralized finance tools such as automated market makers and lending protocols.

Backed Finance has publicly stated that it plans to add additional equities and exchange-traded funds to its Solana program in the second half of the year, contingent upon market maker demand. 

A continued cadence similar to June’s could push Solana past XRP Ledger for the second-place slot by total stock value.