Solana’s tokenized stock market has experienced explosive growth, soaring from a $15.28 million market cap on June 20 to $48.53 million by July 4—a more than threefold surge in just two weeks, per on-chain data. This rapid expansion underscores a growing appetite for real-world asset (RWA) tokenization on fast, low-cost DeFi infrastructure.

Notably, Solana now holds approximately 11.4% of the total tokenized stock asset market, ranking behind Algorand’s $295 million and ahead of XRP Ledger (~$55 million). The tokenized stocks conform to the Solana Program Library (SPL) standard and employ off‑chain market‑making with periodic collateral audits to ensure each token accurately mirrors its underlying security.

🚀 Drivers of the Surge

1. xStocks & Backed Finance LaunchPlatforms like Backed Finance's xStocks, deployed on Solana and supported by Kraken, Bybit, and various DeFi protocols, offer over 60 different equities and ETFs, including Apple, Tesla, Nvidia, SPY, META.

2. 24/7 Equities AccessTokenized stocks enable round-the-clock trading via crypto wallets and DEXs like Raydium and Jupiter, bypassing traditional market hours and geographic barriers.

3. DeFi IntegrationThese tokens are composable in Solana’s DeFi landscape—for lending, liquidity provisioning, and leverage—bringing traditional finance into blockchain-native environments.

4. Speed & Cost EfficiencySolana’s high throughput and minimal fees make it ideal for frequent, high-volume trading of…