Digital Panorama of World Assets on Solana

With the clarity of the regulatory environment, the trend of bringing traditional financial assets onto the blockchain is accelerating. Solana, with its high throughput architecture, low fees, and mature developer ecosystem, has become the leading platform for digitizing world assets (RWA).

This article provides a comprehensive overview of the RWA ecosystem on Solana, focusing on the following seven core areas:

1. Stocks: Tokenized stocks representing partial ownership of a company.

2. Money Market Fund: on-chain assets backed by low-risk cash equivalents such as U.S. Treasury bonds.

3. Commodities: Tokens backed by physical raw materials such as gold and oil.

4. Stablecoins: Mainly represent digital fiat currency tied to the US dollar.

5. Private Credit: Represents on-chain debt instruments that provide real-world loans to businesses or individuals.

6. Real Estate: Tokenization of real estate assets to achieve partial ownership of real estate.

7. Collectibles: Digital tokens representing ownership of unique physical items.

Stocks

The total market value of the global stock market is approximately 124 trillion USD, with the United States accounting for more than half. Despite its massive scale, the stock market still has many limitations, such as restricted trading hours and uneven global access.

Tokenization on Solana addresses these issues, providing enhanced liquidity, global accessibility, and lower barriers to capital formation. Major projects include:

• Superstate's Opening Bell: allows companies to issue SEC-registered stocks on Solana. SOL Strategies has announced plans to list on the platform.

• Kraken xStocks: Tokenized tracking certificates representing 55 popular U.S. stocks and ETFs.

• Ondo Global Markets: A tokenization platform supporting liquidity for US-listed stocks, bonds, and ETFs.

• Remora: A platform that allows users to purchase full or partial shares of US stocks directly on-chain.

Money Market Fund

The asset size of U.S. money market funds exceeds $7 trillion. Tokenization provides these products with a channel to a broader global audience.

The main currency market funds on Solana include:

• BlackRock BUIDL Fund: manages over $2.9 billion in assets, has issued approximately $20 million on Solana.

• Franklin Templeton FOBXX: manages assets over $700 million, has minted over $23 million on Solana.

• Ondo OUSG and USDY: USDY circulates about $177 million on Solana, while OUSG is about $79 million.

• VBill: Approximately $8 million has been issued on Solana.

Commodities

Commodities are one of the largest and most complex asset classes in the world. Major commodity projects on Solana include:

• AgriDex: Digital marketplace for agricultural products, supporting near-instant settlement based on stablecoins.

• Uranium Digital: Creating an all-weather spot market for uranium trading with physical delivery.

• Oro: A token backed by gold that brings actual returns.

Private Credit

The global private credit asset scale is approximately $3 trillion. Major private credit projects on Solana include:

• Apollo ACRED: A $1 billion fund supported by Apollo Global Management, with an annualized return of approximately 9.5%.

• Credix: A private credit market connecting institutional investors with emerging market fintech lending institutions.

• Hamilton Lane SCOPE: Private credit fund, providing a 10% annualized return for USD investors.

• Maple Finance syrupUSD: A yield-generating stablecoin backed by a collateralized private credit lending pool.

Real Estate

The global real estate market is approximately $380 trillion. Major real estate projects on Solana include:

• Parcl: Provides perpetual contract trading for real estate price indices.

• MetaWealth: A European market real estate fractional ownership investment platform that has facilitated over $35 million in investments.

• Homebase: A fractional ownership investment platform for real estate in the United States, with a minimum investment of $100.

Collectibles

The global collectibles market is valued at nearly $300 billion. Major collectibles projects on Solana include:

• BAXUS: A premium wine and spirits trading, storage, and collectibles marketplace.

• dVIN: Build a decentralized infrastructure for the global wine industry.

• Collector Crypt: The trading card ( mainly refers to the Pokémon card ) introduced to the Solana tokenization platform.

With the increasing participation of institutions, clearer regulatory frameworks, and growing consumer demand, we expect Solana's RWA ecosystem to continue to develop rapidly, bringing profound changes to the global asset market.