Solana surpasses $500M in tokenized assets, nearing Stellar
The value of tokenized assets on Solana has surpassed $500 million, marking a significant milestone for the blockchain best known for hosting memecoins.
Solana has reached a major Real World Assets (RWA) milestone, overtaking BNB Chain ($421M) and narrowing the gap with Stellar ($516M).
According to RWA.xyz, most tokenized value comes from stablecoins, which collectively have a market capitalization of over $11.1 billion across 17 tokens on the network. Leading the pack are Circle’s USD Coin (USDC) and Tether’s USDT.

Tokenized U.S. Treasury debt represents the second-largest category of on-chain RWAs.
Growth potential
Although Solana still lags behind market leaders like Ethereum, ZKsync Era, and Polygon, major banks and institutional players are increasingly turning to Solana for tokenization, drawn by its high throughput, low fees, and scalability.
Partnerships, such as the recent collaboration between the Solana Foundation and R3 — whose clients include HSBC, Bank of America, Euroclear, and the Monetary Authority of Singapore — highlight TradFi’s growing interest in Solana as a faster, more efficient alternative to Ethereum for bringing RWAs to public blockchains.
As we wrote, Why is Solana up today (September 2)?
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