Solana Tokenized Stock Trading Volume Surges 2,400-Fold in a Year to $3.32 Billion

Solana-based tokenized stock trading volume has surged about 2,400-fold over the past year, crypto media outlet BeInCrypto reported on July 24.

Tokenized stock trading volume on the Solana network rose to $3.32 billion recently from $1.34 million a year earlier, according to the report.

Tokenized stocks are blockchain-based products that let investors trade the price exposure or rights tied to traditional equities in token form. The jump in volume underscores the faster shift of traditional financial assets, including stocks, onto the blockchain. Trading in tokenized assets across the Solana network also increased broadly over the same period.

Tokenized stock trading volume climbed to a record $3.3 billion last month from $670 million in April. In the first half of this year, Solana-based tokenized stock trading reached $4.9 billion, more than six times the $775 million recorded in the second half of last year.

Institutional interest is also expanding beyond the US. Japan's SBI Holdings recently agreed to work with the Solana Foundation to build on-chain financial infrastructure in Japan. The two sides also plan to jointly handle yen-linked stablecoins and tokenized assets.