Solana’s Breakthrough: TradFi Giants Migrate $10B in Assets to Blockchain

In a landmark development for the cryptocurrency sector, major traditional finance (TradFi) institutions are embracing Solana’s blockchain for large-scale asset tokenization. This move signals a growing institutional shift toward decentralized infrastructure and highlights Solana’s rising prominence in the financial ecosystem. The partnership between R3 and the Solana Foundation, along with participation from banking titans like HSBC and Bank of America, underscores the blockchain’s capability to handle high-value institutional demand.

Major TradFi Institutions Adopt Solana for Tokenization Initiatives

Traditional finance giants are turning to Solana’s blockchain for asset tokenization, marking a significant shift toward decentralized infrastructure. R3, a leading enterprise blockchain firm, has partnered with the solana Foundation to migrate $10 billion in Corda-based assets to Solana’s network. The collaboration brings heavyweight participants including HSBC, Bank of America, and Singapore’s central bank onto the high-performance blockchain.

Tokenization of real-world assets emerges as blockchain’s killer app for institutional adoption. The technology converts stocks, bonds, and other traditional instruments into tradable digital tokens, combining regulatory compliance with blockchain efficiency. Solana’s scalability advantages appear to be winning over risk-averse financial institutions seeking production-ready solutions.

Kraken to List Tokenized Versions of Nvidia, Apple, Tesla Shares on Solana

Kraken is expanding its crypto offerings with tokenized shares of major U.S. equities, including Nvidia, Apple, and Tesla, alongside over 50 other stocks and ETFs. These Solana-based tokens, branded as "xStocks," will enable global investors to trade traditional assets around the clock.

The initiative bridges traditional finance with blockchain technology, offering 1:1 redeemable tokens backed by physical shares held by Backed Finance. Market benchmarks like the SPDR S&P 500 ETF (SPY) and SPDR Gold Shares (GLD) are included in the rollout.

This follows Kraken’s April announcement of 11,000+ U.S. securities availability in select states. The exchange continues to blur lines between crypto and legacy markets, leveraging Solana’s high-speed infrastructure for equity trading.

Kraken to Launch Tokenized Trading for Major Stocks on Solana Blockchain

Kraken, a leading U.S.-based cryptocurrency exchange, is set to introduce tokenized trading for approximately 50 stocks and ETFs, including high-profile names like Apple, Tesla, and Nvidia. The service, dubbed "xStocks," will operate on the Solana blockchain, offering international users in Europe, Latin America, Africa, and Asia access to digital representations of traditional equities.

The MOVE marks a significant step in bridging traditional finance with blockchain technology, though U.S. users will be excluded from the offering. Solana’s high-speed, low-cost infrastructure is poised to facilitate efficient trading of these tokenized assets, potentially attracting new institutional and retail investors to the crypto space.

Kraken to Tokenize U.S. Stocks on Solana, Fueling SOL Price Rally

Kraken is preparing to launch tokenized versions of over 50 U.S. stocks and ETFs for non-U.S. customers, leveraging Solana’s blockchain. The initiative, dubbed "xStocks," includes heavyweight equities like Apple, Tesla, and Nvidia, alongside ETFs such as SPY and GLD. Availability will span Europe, Latin America, Africa, and Asia in the coming weeks.

Solana’s native token, SOL, has surged 25% in the past month, buoyed by the announcement. Analysts now eye a potential breakout toward $200, as institutional adoption of the blockchain accelerates. The move underscores Solana’s growing dominance in tokenized real-world assets.

Centrifuge Expands Tokenized RWAs to Solana With $400M Treasury Fund

Centrifuge, a leading tokenized asset platform, is extending its services to the Solana blockchain, marking its debut with a $400 million tokenized U.S. Treasury fund managed by Anemoy (JTRSY). The move leverages Centrifuge’s proprietary "deRWA tokens" standard, enabling seamless transfer and utilization of tokenized assets across decentralized finance (DeFi) protocols.

Solana users can now swap, lend, or collateralize deJTRSY tokens to earn yield from short-term Treasuries directly within Solana’s DeFi ecosystem. Initial integrations include Raydium, Kamino, and Lulo, highlighting Solana’s accelerating traction in the tokenized real-world assets (RWA) sector—a market bridging traditional finance with blockchain innovation.

Pepeto and Solaxy Vie for Memecoin Supremacy in Evolving Crypto Landscape

Solaxy’s positioning as Solana’s first Layer 2 solution faces fundamental questions about utility. While the project could deliver short-term gains, its value proposition appears limited on an already-efficient blockchain. Layer 2 solutions typically address Ethereum’s scalability issues, but Solana’s native speed and low costs RENDER this innovation less transformative.

Pepeto emerges as the more compelling narrative, combining meme virality with substantive development. Unlike typical joke coins, Pepeto demonstrates rare dual appeal - cultural resonance through its meme status paired with actual utility. This combination positions it for potentially more sustainable growth compared to speculative LAYER 2 plays on optimized chains.