Galaxy Research anticipates that Solana’s Internet Capital Markets will reach $2 billion by 2026.
The blockchain network Solana is capturing renewed institutional interest as tokenized real-world assets (RWAs) on its platform soared in December 2025. This milestone underscores Solana’s growing role beyond retail and memecoin trading into serious asset tokenization and institutional finance.
Over the last month, tokenized RWAs on Solana climbed nearly 10% to an all-time high of $873.3 million. The number of RWA holders on Solana also grew by 18.4% to 126,236, according to RWA.xyz. The network’s surge comes at a time when there’s growing institutional interest in tokenizing traditional assets, such as US Treasuries and stocks.
Most of the Solana tokenized RWAs already support US Treasuries, such as BlackRock’s USD Institutional Digital Liquidity Fund and Ondo’s US Dollar Yield, which have a trading market cap of $255.4 million and $175.8 million, respectively.
The uptick in tokenized assets on Solana includes not just traditional treasury products but also emerging tokenized equities, such as Tesla xStock and NVIDIA xStock, collectively adding tens of millions of dollars in capital to the network — evidence that institutional-grade products are taking root.
Ethereum is still the leading blockchain in the tokenization market, with $12.3 billion in RWAs, followed by BNB Chain at $2 billion. Meanwhile, Solana is emerging as a serious contender after a strong December 2025. Capital Markets confirmed: “Entering the new year, regulated and yield-bearing RWAs continue to expand on Solana.”
Ideally, institutional investors are driving the fast rise of RWAs on Solana. With six Solana ETFs approved in October 2025, institutional investors invested $765 million in the asset, marking the wider acceptance of Solana within traditional finance.
Western Union (WU) also took a bold step when it decided to select Solana for its stablecoin remittance platform, which now has 150 million customers and is expected to be deployed in early 2026.
However, despite growing traction across its ecosystem, Solana started 2026 near $125, down from the $190 high it reached in January 2025. Its price is also down 57% from its all-time high of $293.30 in early 2025. Nonetheless, the network has maintained a position of dominance above peers, producing $110 million in onchain app revenue over the past 30 days, far surpassing Ethereum and Hyperledger.
Crypto index fund manager Bitwise predicts Solana will hit a new record high if the CLARITY Act is approved in the US in 2026. It explained that the bill’s passage would spark a surge in overall crypto tokenization, with Solana standing out as a major beneficiary.
It remarked, “We’re bullish on Ethereum and Solana. Really bullish. Primarily because we think stablecoins and tokenization are megatrends, and Ethereum and Solana are likely to be the biggest beneficiaries of that growth.”
Galaxy Research also expects Solana’s Internet Capital Markets to hit $2 billion in 2026, up from $750 million, as the U.S. prepares for over 50 new spot altcoin ETF launches. Ondo Finance, a leader in the RWA space, achieved $2 billion in 2025 trading volume and plans to launch on Solana in 2026, with SEC approval and European expansion already under its belt.
Earlier this month, Anthony Scaramucci, founder of SkyBridge, told CNBC that Solana is well-positioned to become a standard for tokenized assets in the industry. He still believes that tokenization will power the next phase of digital finance on fast, low-cost blockchain networks, adding that Solana’s unique technical features will make it a top choice for developers.
Big names like BlackRock, JPMorgan, and Fidelity getting involved with the Solana blockchain only emphasize the rising influence of the network and tokenization in traditional finance. These collaborations are set to strengthen capital inflows and credibility next year.
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