Capital Markets

A home for institutional news, research, and experiments at the bleeding edge of digital finance.

[Capital Markets @capitalmarkets]

As of August 3, Solana reached a record $3.8B in non-stablecoin RWAs across 322K+ holder addresses.

From a negligible base in 2024, the market now spans Treasuries, equities, private credit, reinsurance, sovereign debt, and commodities.

The state of institutional RWAs 🧵

[Capital Markets @capitalmarkets]

Solana lending markets hold over $5B in deposits with $2B in outstanding loans.

Data: @Blockworks

[Capital Markets @capitalmarkets]

Solana’s tokenized equity market trades 24/7, with most activity happening while US exchanges are closed.

Over the past 30 days, outside US market hours:
- 64% of onchain spot DEX volume
- 68% of trades

Data: @Blockworks

[Capital Markets @capitalmarkets]

US spot SOL ETFs record over $188 million in weekly inflows.

[Capital Markets @capitalmarkets]

1M+ tokenized equity holders on Solana, an ATH

[Capital Markets @capitalmarkets]

Breaking: Solana RWA Value crosses $4.6B, a new ATH

[Capital Markets @capitalmarkets]

RWAs on Solana, by asset class:

• US Treasuries - 31.2%
• Private equity - 18.8%
• Private credit - 18.2%
• Corporate bonds - 11.2%
• Tokenized stocks - 11.1%
• Institutional funds - 9.0%

[Capital Markets @capitalmarkets]

https://t.co/AgyAc9lUef

[Capital Markets @capitalmarkets]

.@Raydium crosses $5B in cumulative tokenized stock volume

[Capital Markets @capitalmarkets]

$6B+ in total volume and counting for @xStocksFi. With 67% of all xStocks value living on Solana

[xStocks @xStocksFi]

Billions and billions and billions on @Solana.

xStocks has crossed $6B in volume on Solana.

Contributing to 54% of all tokenized stocks volume in the network’s history, made possible as we scale assets, integrations, and global access together.

[Capital Markets @capitalmarkets]

The institutional risk framework behind Galaxy's OTC trading and lending business now curates USDC and USDT vaults on @kamino.

[Galaxy @galaxyhq]

Galaxy Curation is expanding to @solana.

We're launching two institutional vaults on @kamino, Galaxy USDC and Galaxy USDT, bringing our institutional risk framework to a second blockchain ecosystem.

The same standards that govern our OTC trading and lending business, now onchain on Solana.

[Capital Markets @capitalmarkets]

$425M+ of @xStocksFi assets are on Solana, more than two-thirds of the total.

[Capital Markets @capitalmarkets]

Check out the details and request to join here: https://t.co/fJ6j7Juaoa

[Capital Markets @capitalmarkets]

We’re bringing together leaders across AI, finance, and digital assets to explore how blockchain can support the AI stack and reshape capital markets.

Join us for a gathering of 75–100 builders and investors at Solana AI & Capital Forum – Bay Area on Sept. 28 in Woodside. 👇

[Capital Markets @capitalmarkets]

https://t.co/SExXp47AYh

[Capital Markets @capitalmarkets]

New ATH: Solana now has 550K+ RWA holders.

[Capital Markets @capitalmarkets]

Solana leads all networks in 30-day RWA net inflows.

[Capital Markets @capitalmarkets]

https://t.co/bjBpLjfoRN

[Capital Markets @capitalmarkets]

https://t.co/y7xqA5asOj

[Capital Markets @capitalmarkets]

J.P. Morgan. Grayscale. CME. Morgan Stanley. Franklin Templeton. DTCC.And more.

On October 6, Solana Capital Forum brings leaders across traditional finance, digital assets, and financial infrastructure together in Singapore.

Request an invitation 👇

[Capital Markets @capitalmarkets]

You can now hold tokenized @Nike stock on Solana, listed via @sunrise and issued by @Backpack Securities.