Solana Tokenization Roundup: July 2026

A month where institutional adoption accelerated as tokenized equities, funds, and real-world assets expanded across Solana.

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July 2026 marked another major expansion period for tokenization across the Solana ecosystem. Financial institutions, asset managers, infrastructure providers, and blockchain platforms continued building products that connect traditional markets with onchain systems.

Throughout the month, tokenized equities reached new milestones, regulated funds expanded onto Solana, and institutions explored new forms of digital settlement infrastructure. The ecosystem also saw growth beyond financial assets, with tokenized collectibles, private markets, commodities, and alternative credit products gaining traction.

Here is everything you might have missed:

July 1: Bending Spoons Shares Launch Onchain

xStocksFi launched tokenized shares of Bending Spoons following the company’s IPO.

The tokenized asset, trading under the ticker $BSPx, provides eligible investors with 1:1 backed price exposure and 24/7 access through Solana-based infrastructure.

July 2: Tokenized Funds and Securities Expand

Securitize launched tokenized $SECZ shares on Solana alongside its NYSE debut.

The launch made $SECZ the world’s largest tokenized stock at the time of launch and marked the first instance of a newly public company tokenizing its own shares from the first day of trading.

The same day, TruYields launched $TRUBILL on Solana. The product provides approved institutions with access to a tokenized Treasury bill product backed by the AAA-rated ULTRA Fund.

$TRUBILL includes T+0 redemptions and onchain utility while relying on institutional infrastructure from providers including Komainu for regulated custody, Porto by Anchorage Digital for institutional DeFi participation, Utila for MPC wallet infrastructure, GSR for market making, and Halborn Security for smart contract audits.

Spiko also launched its UCITS-compliant fund on Solana. Managed by Amundi, Europe’s largest asset manager with €2.4 trillion in assets under management, the fund provides stable yield exposure with overnight liquidity.

July 10: Backpack Expands 24/7 Equity Trading

Backpack launched what it described as the first 24/7 brokerage for real U.S. equities. The platform allows international investors to trade select U.S. equities around the clock through direct brokerage access combined with 1:1 redeemable onchain liquidity. The initial listings included SpaceX, Micron, and SanDisk shares.

On the same day, SK Hynix’s tokenized stock launched on Solana through Backpack Securities and Sunrise, xStocksFi, and Ondo Finance following the company’s $26.5 billion Nasdaq listing with their respective tokenized products.

The offering became the largest U.S. share sale by a foreign issuer, surpassing Alibaba’s 2014 IPO.

July 13: Japan Targets Onchain Financial Markets

SBI Holdings and the Solana Foundation announced a partnership to develop Japan’s first onchain financial market. The collaboration focuses on stablecoins, tokenized real-world assets, institutional financial infrastructure, and cross-border settlement.

The company also plans to support tokenized corporate bonds, commercial papers, funds, and real estate while developing financial services designed for institutional investors and AI-driven payment systems.

July 13: Jupiter Expands Tokenized Collectibles

Jupiter Exchange launched Jupiter Gacha, entering Solana’s growing tokenized trading card market.

The platform allows users to open packs containing authenticated and graded Pokémon and One Piece cards represented onchain.

Jupiter partnered with Collector Crypt to provide the underlying infrastructure. Early activity generated $3.29 million across 31,570 pack openings within 22 hours of launch, according to Dune data.

July 14: Jito Launches JTX Trading Platform

Jito launched JTX, its institutional-standard trading platform supporting memecoins, tokenized equities, and major assets. Access initially remained limited to the top 1,000 waitlist users ranked by referrals before opening to all users on July 21.

The launch arrived as Solana continued gaining market share in high-performance spot trading, with decentralized exchanges competing with centralized platforms on execution quality and liquidity.

July 15: DTCC Completes Tokenization Production Tests

The Depository Trust & Clearing Corporation successfully converted securities held at the Depository Trust Company into tokens and used them in live production trades.

More than 30 traditional finance and digital asset firms participated in the initiative, which DTCC described as its largest tokenization production effort by use cases, asset classes, and participants. Participants included BlackRock, Goldman Sachs, J.P. Morgan, Nasdaq, the New York Stock Exchange, Circle, Chainlink, Ondo Finance, Vanguard, and other major firms.

The same day, SBI Global Asset Management and DigiFT launched $JX on Solana, marking the first time a Japanese asset manager’s equity strategy went live onchain.

July 19: Tokenized Equity Lending Reaches New High

Tokenized equities in Solana lending markets reached a weekly all-time high of $51.9 million.

Kamino accounted for $31.73 million while Jupiter Exchange recorded $20.14 million, showing increasing demand for using tokenized stocks as collateral within decentralized finance.

July 22: xStocks Expands Global Coverage

xStocks announced plans to expand beyond U.S. stocks and ETFs.

The platform intends to bring tokenized equities from Hong Kong, the United Kingdom, South Korea, Europe, and other global markets onchain.

July 23: Mubadala Brings Private Markets Onchain

Mubadala Capital announced plans to launch a $75 million tokenized private market strategy fund on Solana through KAIO.

The Abu Dhabi-based sovereign wealth fund manages approximately $385 billion in assets. The fund attracted $75 million in commitments and is expected to deploy across Solana, Sui, and Base.

The development reflected a broader shift toward expanding tokenized assets beyond U.S.-focused markets into global investment opportunities.

July 23: Raydium Launches Permissioned AMMs

Raydium introduced Permissioned AMMs, enabling issuers to create KYC-gated tokenized assets with compliant onchain secondary markets.

Superstate became the first partner to integrate the infrastructure for tokenized equities. The launch represents an effort to combine decentralized liquidity with compliance requirements for regulated financial assets.

July 27: Tokenized Markets Reach New Milestones

$SPCX became the first Sunrise tokenized stock listing to surpass $1 billion in cumulative trading volume on Solana.

The same day, Kamino launched an isolated lending market for tokenized gold. The new $PAXG market allows users to supply Pax Gold as collateral and borrow $USDG without selling their gold holdings.

July 28: Solana Becomes Leading Blockchain by RWA Count

Solana became the leading blockchain by number of tokenized real-world assets.

The network reached 2,582 tokenized RWAs, the highest among all chains at the time, while tokenized RWA value surpassed $3.70 billion. The number of RWA holders also reached a new all-time high of more than 313,000.

July 30: Hastra Launches Tokenized Auto Credit Product

Hastra launched AUTO on Solana, bringing exposure to the $1.68 trillion auto credit market. The product distributes consumer auto loan yields among asset holders and represents Hastra’s second RWA yield product after PRIME, which reached more than $360 million in Solana TVL.

AUTO launched with more than $475 million in total multichain assets under management and provides liquid asset holders with exposure to asset-backed credit markets.

July 31: Phygitals Launches RWA Mobile App

Phygitals shipped its dedicated RWA mobile application, continuing the expansion of consumer-focused tokenized asset platforms.

Broader Trends: Tokenization Moves Toward Global Financial Infrastructure

July highlighted a continued shift from experimentation toward broader market infrastructure.

Traditional financial institutions increased their involvement through tokenized funds, regulated securities platforms, and settlement systems. DTCC’s production testing, SBI’s Japanese market initiative, and Mubadala’s tokenized fund plans demonstrated growing interest from institutions outside crypto-native markets.

Tokenized equities remained the dominant category on Solana. Backpack surpassed xStocksFi in monthly tokenized equities volume for the first time in July despite representing only around 5% of Solana’s tokenized stock supply compared with xStocksFi’s 87% share.

Solana Foundation President Lily Liu described the network’s long-term focus as financial infrastructure accessible across the internet, noting that tokenized equities have become a major asset class as global demand for 24/7 market access increases.

Solana co-founder Anatoly Yakovenko also highlighted the demand for global access to U.S. equities, arguing that blockchain infrastructure represents another attempt to connect global liquidity with major financial markets.

As institutions continue developing regulated frameworks and blockchain platforms improve market infrastructure, tokenized assets are becoming an increasingly important component of digital financial markets.