Great speaking about @FWDind and the broader DAT landscape at the Cantor Convergence conference. Thank you @NFrankovitz for moderating and to my fellow panelists @sheffieldreport@RaphaZagury for the conversation.
Forward is becoming the Berkshire Hathaway of Solana with several new investments in @USHP_Official and @GromaCorp bringing high quality tokenized real estate to Solana. Our all weather SOL++ strategy will allow us to outperform SOL regardless of market conditions while simultaneously pushing the SOL ecosystem forward.
solana's tokenized equities market just crossed $1.28 BILLION in circulating supply for the first time.
over $670M was added in a single week, representing roughly 109% growth.
but supply isn't the only metric accelerating.
• $657M in tokenized equity trading volume recorded on Nov. 2
• backpack accounted for ~$598M, or 91% of that day's volume
• over 1.5M tokenized equity holding addresses reported in October
• platforms like xStocks, backpack, and ondo are expanding the market for equities on solana
tokenized stocks are evolving beyond simple trading instruments.
US market is closed. Solana is open, 24/7.
while the Jensen headlines dropped last night:
over $86M of spot tokenized NVDA traded on solana in 24h 📈
more than every other chain. combined.
Solana is the tokenization chain.
Fidelity Digital Assets has published a new report on Solana’s role in onchain trading.
Tokenized asset volume grew from under $100M a month to nearly $5B.
Their words: “an emerging piece of financial market infrastructure.”
@solana is the institutional chain.
New report from Fidelity Digital Assets: Solana’s Competitive Advantage in Onchain Trading.
→ 15% of all major US exchange activity, up from 0.30% in 2022
→ Briefly passed the NYSE on weekly executions
→ Tokenized asset volume from under $100M a month to nearly $5B
Their words, not ours: “an emerging piece of financial market infrastructure.”
Stocks that trade onchain, 24/7, with global access.
Raydium has crossed $8B in cumulative tokenized stock volume on Solana.
The future of finance runs on @solana.
Vibhu on RWAs on @solana: “2 years ago there was less than $200 million on the network, and today it’s over $5 billion.”
Everything is being tokenized on Solana.
At current growth rate, I expect RWAs on Solana to surpass $100 billion in secured value in 2028.
2 years ago there was less than $200 million on the network, and today it's over $5 billion 🤯
Formation Securities has notified the SEC that it intends to operate the first tokenized securities venue on @solana, seeking issuer consent for listings.
Trading is expected to begin in early 2027, per Formation.
Formation Securities notified @SECgov today that it intends to operate the first tokenized securities venue on @solana, seeking issuer consent for listings.
Trading is expected to begin in early 2027, with tokenized $EXOD, $FWDI and $GLXY at launch.
The U.S. housing market finally has a ticker.
USHP is a first-of-its-kind liquid, investable index product designed to track U.S. home-price movements.
@FWDind is allocating to the institutional pre-launch of USHP, joining @galaxyhq for a total of up to $100M in commitments.
What SPY did for access to the S&P 500, USHP is designed to do for U.S. home prices.
Forward Industries Commits Up to $50 Million to USHP, Co-Anchoring Its $100 Million Launch
The allocation adds exposure to a U.S. home price index to Forward's SOL++ strategy ahead of USHP's planned expansion to Solana in 2027.
We’re thrilled to announce coming out of stealth with a $50M raise to transform how the world accesses real estate markets.
Real estate is the largest asset class in the world, worth $300 trillion, so why hasn’t it evolved with the rest of finance? It remains one of the hardest to access, both directly and through traditional financial products.
The first application of Index Industries’ technology is @USHP_Official: a first-of-its-kind liquid, investable index referencing the U.S. housing market.
The U.S. housing market finally has a ticker.
Tokenized equities. Tokenized real-world assets. A DeFi ecosystem that has weathered multiple cycles.
@hushky6 on why the Sol++ strategy starts with a robust ecosystem.
Solana is just getting started.
Markets that never close are finding their home onchain.
@solana led all blockchains in weekly tokenized equities spot trading volume for the third consecutive week.
Forward Industries is proud to be working with @formation_so and their partners to make $FWDI tradable on the first tokenized securities venue on Solana.
Formation Securities notified @SECgov today that it intends to operate the first tokenized securities venue on @solana, seeking issuer consent for listings.
Trading is expected to begin in early 2027, with tokenized $EXOD, $FWDI and $GLXY at launch.
Funds, stocks, commodities. Real-world assets are finding their home onchain.
RWAs on Solana have reached $4.8B in market cap.
The future of finance runs on @solana.
RWAs on @solana have reached $4.8 billion in market cap.
Tokenized funds lead with $3.7B, followed by tokenized stocks at $1.1B and commodities at $31.9M.
Tokenization continues to grow, with Solana gaining traction as a network for real-world assets.
Daren Guo, co-founder of Reap, on the token supercycle.
“Imagine you’re a CFO in Peru buying electronics from Hong Kong. Moving funds through the existing banking network in Latin America is fundamentally very hard. That’s where there’s a ton of value using stablecoins.”
“We should not spend based on the traditional concept of money. It should be based on any asset you can tokenize. Cards and spending let people feel what that onchain asset can do for them.”
@darenguo@reapglobal