Solana Breakpoint 2025: Thursday Midday Brief Covering Key Announcements and Stories

Solana Breakpoint 2025 opened with strong momentum as the ecosystem’s leading teams, builders, and institutional partners converged for a packed day of product launches, strategic announcements, and early looks at what the next year of onchain development will bring. The first half of the day has already delivered several major updates across infrastructure, tokenization, consumer products, and real-world asset innovation, signaling a fast start to one of the most anticipated events in the Solana calendar.

At Breakpoint

1. State Street and Galaxy Digital plan to launch SWEEP, a tokenized private liquidity fund, in 2026.

• State Street is the world’s fourth-largest asset manager with over $5T in AUM.
• The fund will use $PYUSD for onchain subscriptions and redemptions
• The fund will be seeded with $200M by Ondo Finance
• Talking to Thomas Cowan, Head of Tokenization at Galaxy, in a few hours

1. Solflare Shield shipping begins today, with free wallets available to Breakpoint attendees at the Solflare booth.

• Solflare Shield is a battery-free, tap-to-use hardware wallet that keeps your keys offline.

3. Jupiter announced that its Jupiter Lend product is officially out of beta and now fully open-sourced.

4. Jupiter launches Jupiter VRFD, a verification layer that confirms authentic tokens and enables projects to update metadata to protect users and the broader ecosystem from impostors and scams.

5. Jupiter has acquired RainFi.

• Droplets users set to receive $JUP rewards in early 2026

6. Coinbase now lets users trade any Solana DEX token using their debit cards, bank accounts, or $USDC.

• Coinbase has over 100 million users worldwide with over $200 billion in quarterly volume.

7. xStocks launches xBridge, enabling users to bridge stocks across chains

8. xStocks launches xPort, enabling institutions and large players to deposit real-world stocks instead of stablecoins to mint xStocks, and vice versa.

9. Ellipsis Labs, the team behind the prop AMM SOLFi, is launching Phoenix, a fully onchain, non-custodial perpetuals exchange now live in beta. 

• Phoenix brings the same infrastructure used in prop AMMs to perps, offering gasless trading and a fully transparent onchain design.

Outside of Breakpoint

1. Pump.fun’s $PUMP buybacks have exceeded $205 million (13.5% of circulating supply), surpassing Raydium to become the top Solana protocol for buybacks in just five months.

2. Bhutan has launched $TER on Solana, a sovereign gold-backed token issued through Gelephu Mindfulness City and custodied by DK Bank to provide global investors with a digital, onchain version of physical gold.

3. Solana spot ETFs recorded $4.8 million in net inflows yesterday

• Bitwise’s $BSOL again leading with $3.7 million in inflows yesterday
• Total AUM across Solana ETFs is now at $949 million

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