Solana is now home to tokenized stocks, and the list is growing fast. The blockchain best known for memecoins and chaotic trading activity has quietly become a serious venue for Wall Street assets. Over 200 tokenized U.S. stocks and ETFs now live on Solana. That’s not nothing.
Solana built its reputation on memecoins. Now it’s quietly hosting over 200 tokenized U.S. stocks and ETFs.
Kraken partnered with Backed Finance to launch xStocks, with an official rollout on June 30th. Trading runs 24/5. The lineup includes familiar names — Robinhood (HOODX) at $77.70, Tesla at $401.15, JPMorgan Chase at $289.98, even Berkshire Hathaway at $498.66. SpaceX is tokenized too, sitting at $687.29 via PreStocks. Real companies. Real prices. On a blockchain that also hosts BONK.
The ecosystem around xStocks is actually pretty built out. Bybit, Jupiter, Raydium, and Byreal support trading. Kamino lets users post xStocks as collateral. Chainlink handles reserve attestations. Alpaca acts as the brokerage. Alchemy Pay manages payments. Backed Finance provides the legal structure. It’s a lot of moving parts for something most people haven’t heard of yet.
Then there’s Ondo Global Markets. The largest real-world asset issuer on Solana announced its platform at the Solana Accelerate conference. It’s scheduled to launch later this year, offering 200+ tokenized U.S. stocks and ETFs with a compliance-first approach. WisdomTree is also expanding tokenized funds to Solana, including equities. These aren’t fringe players.
The policy side is moving too. The Solana Policy Institute is pushing education on tokenized securities through something called Project Open. Compliant blockchain issuance appears to be the actual goal here, not just hype. This broader shift toward regulated digital assets reflects how central banks and governments have increasingly shaped the legislative frameworks that determine how blockchain-based financial instruments are recognized and adopted.
Solana’s top tokens still read like a casino floor. SOL sits at an $81.75 billion market cap. Jupiter is at $721 million. Raydium around $330 million. BONK somewhere between $600 million and $810 million depending on the day. Tokens with functional utility in dApps and DeFi protocols like these tend to sustain demand precisely because they serve real roles within the broader ecosystem. Solana’s ability to support all of this runs on fast speeds and low fees, which remain core technical advantages that have drawn developers and projects to the chain since launch.
And now, tucked between all of that, tokenized stocks are hitting new all-time highs on the network.
Six years in, Solana is apparently trying to be Wall Street infrastructure. Wild. Nobody really saw that coming.
