€1.8T AUA WealthTech Firm Allfunds Brings Tokenized Funds Onchain to Solana
A WealthTech firm boasting over €1.8T in assets under administration is coming to Solana
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Allfunds, a European WealthTech firm, is deploying its tokenized funds on Solana, potentially connecting over 3,300 asset managers with the network.
The collaboration comes as Solana’s RWA sector hits breakout velocity. Off the back of the $SPCX IPO, tokenized stock trading volume and RWA holder counts on the network have ripped to new all-time highs.
Beyond deepening ties with TradFi markets, the network’s emerging collectibles market is diversifying the breadth of onchain tokenization, solidifying the thesis that Solana is the home of onchain RWAs.
Allfunds Brings its Tokenized Funds to Solana in Project Harmonia
On June 23, Allfunds Blockchain, a WealthTech firm administering over €1.8T in assets, expanded its tokenized funds to Solana, delivering the DeFi economy a wealth of new investment vehicles. The collaboration is united under Project Harmonia, a new, open initiative aimed at expanding the range of institutional products available onchain.
Where Solana-native users gain access to a range of new tokenized assets, asset managers and transfer agents benefit from Solana’s unrivaled onchain distribution, helping TradFi players put their products in front of tens of thousands of daily active users.
"By leveraging Solana, tokenisation moves out of the tech lab and enters the commercial mainstream. We are empowering thousands of traditional asset managers to tap into the liquidity pools of the Web3 ecosystem safely, without altering their trusted workflows, while providing our distributors with ready access to next-generation digital products.” - Rubén Nieto, Head of Allfunds Blockchain
Implementation of Allfund’s tokenized products is powered by ioBuilders’ Asseto platform, which plays the role of linking Allfunds to the onchain economy. Future eligible products will be evaluated by Particula, a digital asset ratings and risk monitor for institutional-grade products.
"Allfunds Blockchain’s decision to bring its tokenized funds to Solana combines the massive scale of Europe’s traditional fund sector with Solana’s leading blockchain technology. As more funds move onchain, we’re seeing decentralised liquidity and institutional distribution seamlessly operate within a unified financial architecture.” - Ben Brophy, Solana Foundation Head of Institutional Growth, Europe
Over 290,000 Wallets Hold RWAs on Solana
Project Harmonia, and its collaboration with Allfunds, ioBuilders, and Particula, come at a critical moment for Solana’s RWA ecosystem. With tokenized stock trading volumes and RWA holder counts breaching all-time highs following the $SPCX IPO, Solana’s RWA market is rapidly becoming one of the onchain economy’s most dominant sectors.
According to RWA.xyz data, Solana has emerged as crypto’s broadest market for RWAs. With a reported RWA count of 2,111, and over 290,000 wallets holding tokenized assets, Solana leads all blockchains in both the diversity of assets on offer and the number of active RWA market participants.
Diverse Asset Availability Powering Solana RWA Activity
Beyond dominating rival chains in tokenized stock volume, of which Solana accounts for over 95% of market share, the network’s RWA sector is further bolstered by its thriving collectibles market.
Led by protocols like Collector Crypt, exotic RWA and collectibles trading has also hit new all-time highs. Dune analytics data suggests that TCG apps witnessed over $55M in volume last week.
Between TradFi assets like tokenized funds and stocks to exotic collectibles like trading cards, and even rare whiskey, Solana’s RWA sector now comfortably leads all chains in asset diversity and user activity.
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