web3: The scale of Solana tokenized funds has increased by $468 million this year

Data shows that Solana has recorded the largest increase in tokenized credit fund markets this year, with a newly added market cap of $468.2 million, bringing the total size to $664.3 million. This growth rate surpasses the combined growth of other tracked public blockchains, indicating that traditional financial institutions are continuing to deploy more funds and real-world asset products on public blockchains.

Total RWA value rises to $3.9 billion

According to data from RWA.xyz, the total value of Solana’s overall RWA ecosystem has now reached $3.9 billion, a new all-time high. There are currently 339,421 RWA holders on the network, close to 340 thousand; and the number of on-chain real-world assets has reached 2,676.

This expansion has been mainly driven by tokenized funds and liquidity products. With more regulated products coming on-chain, Solana’s share in the institutional-grade RWA market continues to increase.

Multiple asset management institutions launched products this year

In January this year, WisdomTree, with $171 billion assets under management, expanded its tokenized fund products to Solana, opening access to both institutional and retail users. Users can subscribe, trade, and hold related funds on-chain via WisdomTree Connect and WisdomTree Prime.

In April, OCBC Bank, Lion Global Investors, and DigiFT launched Southeast Asia’s first tokenized physical gold fund $GOLDX on Solana, backed by a $525.9 million gold fund. Afterwards, State Street and Galaxy Asset Management launched the SWEEP fund on Solana, providing 24/7 liquidity and yield for stablecoin holders.

European asset managers and sovereign capital join the space

European asset management institutions are also accelerating their presence. Amundi, managing €2.4 trillion, partnered with Spiko to introduce the SAFO fund on Solana in a UCITS structure. Allfunds, with over €1.8 trillion in assets under management, expanded tokenized fund offerings to Solana through Project Harmonia in June, increasing the number of institutional-grade products available on-chain.

Last month, Mubadala Capital, with $38.5 billion in assets under management, deployed the MCAS fund on Solana, Sui, and Base, and has already secured over $75 million in committed capital. This marks its first entry into the on-chain market, following a path similar to BlackRock, Franklin Templeton, and Fidelity.

Franklin Templeton receives SEC no-action letter

On August 12, the SEC’s Division of Investment Management issued a no-action letter to Franklin Templeton, allowing traditional registered funds to invest in the company’s on-chain US Government Money Fund. This fund, BENJI, was first launched on Stellar in 2021 and has since expanded to multiple blockchains, including Solana.

BENJI mainly invests in US government securities and aims to maintain a stable net asset value of $1 per share. The latest regulatory progress also provides a clearer operating space for tokenized funds to continue entering mainstream asset management systems.