Revolutionizing DeFi: The Rise of Real-World Assets on Solana

Real world assets are revolutionizing DI by tokenizing traditional off-chain assets.

Solana is leading this innovation, making it an ideal platform to access liquid programmable financial assets on chain.

I spoke with Nick Dukoff, who leads institutional growth at the Solana Foundation.

Take a look.

So first and foremost, tell us what RWA momentum we're seeing on Solana right now.

Yeah, it's really been incredible, as you mentioned, there's nearly half a billion dollars of RWA TVL on the Salana blockchain, which is an incredible amount of growth over the last couple of years.

And just to put it in perspective of how early we still are, there's over $10 billion in stablecoins on Solana.

So while there's a half a billion of RWA, there's $10 billion or 20 times as many stablecoins on Solana.

And so I think there's just so much more room for growth in the coming months and years.

And Nick Massari released a report on RWA's popping up all over Solana's blockchain.

So take us through this.

Yeah, so there's been an incredible number of, of, of research reports on Solana RWA, including the upcoming Massari report.

The Massari report will join a recent report by Helius, as well as one by Redstone and RWA.xyz.

And I think one of the reasons that so many folks are covering RWAs on Solana is just the sheer number of different issuers coming to the Sallana ecosystem.

You've got folks like Superstate with opening bell where they're initially tokenizing.

Soul strategy Stock, which is a Canadian listed public equity who is filing to be listed on NASDAQ.

You've got Libre Capital, which has tokenized Hamilton Lane, Bren Howard, and other incredible private market issuers.

You've got Leera who's tokenizing a FundBridge Wellington product out of Singapore.

Securitize, of course, who's tokenized funds from BlackRock, the world's largest asset manager, as well as Van Ek and Apollo with their private credit fund.

Uh, you have folks like Republic who recently announced they're tokenizing SpaceX and other private pre-IPO companies on Salana, as well as Hamilton Lane, with a particularly unique aspect in that that product will be offered to retail investors with minimums as low as $500.

And the list goes on, including Centrifuge, Societe Generale, and many others.

Yeah, and Nick, you just brought up tokenized equities, and that's something that we've been hearing a lot of recently and have been making headlines.

So tell us what's happening when it comes to tokenized stocks on Solana.

Sure.

The most recent exciting announcement was Xstos.

So Xstos recently, uh, were launched on Sallana, and now you can buy 50 different, uh, publicly traded equities, uh, on the Sallana blockchain.

Um, and in just a short, uh, A week or two, over 40,000 wallets on Salana now hold X stocks with over $50 million in TBL.

So you could buy things like Circle or, um, Eli Lilly or the S&P 500 all, uh, with your, uh, Salonna wallet.

And Nick, I do want to ask you about BlackRock as well as Ando.

They are also involved on chains, so tell us what they're doing when it comes to tokens and treasuries.

Absolutely.

So BlackRock issued a money fund called Biddle, uh, via Securitize on Solana.

Uh, that product is available to qualified purchasers, uh, with a minimum of $5 million.

Ono, uh, is, is well known for.

Tokenizing money funds as well.

They have two products on Solana.

One is called OUSG, uh, which is a subscription-based private fund, and then they also have a permissionless token called USDY which has $200 million of TVVL on Solana.

Um, and Ando, very exciting, has announced recently at the Accelerate event in New York City, which which Rey, you, you were at and did a great job interviewing many of the folks there, announced that they're bringing their Ono Global markets tokenized public equities onto Solana, similar to X stocks, except they'll have a much broader range of stocks.

My understanding is starting with 100 and quickly hopefully numbering over 1000.