Solana has attracted more than $700 million in real-world asset (RWA) inflows, according to industry commentator @kashdhanda. The figure exceeds total inflows to all other blockchain networks combined, marking a significant shift in liquidity dynamics and reinforcing the network’s competitive position.
In a parallel milestone, Solana’s tokenized equity market reached a record $465 million in supply, a new weekly all-time high. Bullish completed regulated trades involving its tokenized BLSH shares, originally issued on Solana, on a Gibraltar Financial Services Commission-regulated digital asset exchange. The trades settled against a USD stablecoin with 24/7 trading and near-instant settlement.
Bullish began bringing its equity onto Solana in May, becoming the first NYSE-listed company to fully tokenize its own equity cap table. The shares are administered through Equiniti, Bullish’s SEC-registered transfer agent, and transfers currently take place between compliant, whitelisted wallets.
On August 12, Bullish announced that several market participants traded tokenized BLSH shares on Bullish Exchange, marking the first tokenized equity trades on a GFSC-regulated digital asset exchange. Bullish received GFSC approval for tokenized securities in June. The company’s planned $4.2 billion acquisition of Equiniti is intended to combine tokenization, exchange, and transfer-agent capabilities.
For Solana, the milestones show that regulated equity infrastructure can operate on public blockchain rails. Sustainable growth will depend on liquidity, secondary-market activity, institutional participation, and regulatory access.
