Solana Expands Beyond Memecoins with Over 200 Tokenized Stocks
- In January, Ondo launched over 200 tokenized U.S. stocks and ETFs on Solana, backed by securities held with U.S.-registered broker-dealers.
- WisdomTree enabled native minting of its tokenized funds on Solana, allowing institutional clients to manage positions on-chain.
- Solana processed $650 billion in stablecoin transactions in February, more than doubling its previous record.
- Memecoins accounted for nearly 30% of Solana’s average monthly DEX activity in the previous year.
- Citi is exploring tokenization of bills of exchange for trade finance in collaboration with PwC and Solana.
Despite its reputation as a platform for memecoins, Solana is attracting institutional interest due to its fast settlement and low fees. Major players like Visa and PayPal are also integrating their services into the network for enhanced payment solutions.
With $1.84 billion in tokenized assets now hosted on Solana, the network is positioning itself as a viable infrastructure for traditional finance alongside its ongoing memecoin activity.(Source)
