Tokenized equities on Solana hit a record high in unique products

RWA Signal Insight
StocksSolana has reached a record milestone by hosting 2,077 unique tokenized equity products, surpassing its previous peak of 2,036. This growth is supported by a surge in supply, which hit an all-time high of $684 million in September 2026, marking a 47% increase in just three weeks. Trading volumes have similarly expanded, rising from $3.3 billion to $4.4 billion monthly, while the number of holder addresses has surpassed 1 million. Key issuers driving this expansion include xStocks, Ondo Global Markets, and Backpack Securities, all leveraging Solana's DeFi ecosystem for lending and trading capabilities. A significant driver of this activity is the ability to trade outside traditional market hours, with 63% of trades occurring when standard US exchanges are closed. This momentum coincides with a mid-September 2026 SEC innovation exemption, which has improved the regulatory environment for trading tokenized NMS stocks. While the sector is growing rapidly, it remains a niche segment compared to traditional equity markets, and investors must navigate risks related to issuer reliability and liquidity.
Key points
- Solana hosts 2,077 tokenized equity products with supply reaching $684 million.
- Monthly trading volume for tokenized equities on Solana climbed to $4.4 billion.
- 63% of tokenized equity trades occur outside traditional US market hours.
- SEC innovation exemption in September 2026 supports on-chain NMS stock trading.
Background
Tokenized equities are digital tokens that mirror the performance of traditional stocks or ETFs, allowing investors to hold fractional shares in a crypto wallet. These products typically rely on an issuer to hold the underlying asset, enabling 24/7 trading and integration into decentralized finance protocols. By moving equity exposure on-chain, these assets aim to provide greater accessibility and liquidity compared to traditional brokerage accounts.