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      Tokenized Stocks on Solana Reach $12.4 Billion in Trading Volume in 2026

      Tokenized stocks on the Solana blockchain have achieved a significant milestone, accumulating $12.4 billion in trading volume on decentralized exchanges (DEX) this year. Leading the charge is Raydium, which has processed $6.1 billion of this total, establishing itself as the primary platform for trading tokenized equities on Solana.

      In the second quarter of 2026, Solana recorded a remarkable $5.8 billion in tokenized equity DEX volume, marking a 114% increase from the previous quarter. Notably, September alone contributed $4.4 billion to this figure, with Raydium and Orca facilitating the majority of trades. Raydium has consistently routed over 90% of Solana's tokenized stock DEX flows, further solidifying its dominance in this emerging market.

      The growth of tokenized stocks is largely attributed to the xStocks product developed by Backed Finance, which allows each token to be backed 1:1 by equities held with a custodian. By mid-September 2026, xStocks had surpassed $6 billion in cumulative trading volume on Solana, accounting for 54% of all tokenized stock volume in the platform's history. As traditional stock markets operate within set hours, DEXs provide traders with the flexibility to react to market news at any time, enhancing trading opportunities.

      This surge in trading volume comes amid a changing regulatory landscape, including a recent innovation exemption from the U.S. Securities and Exchange Commission aimed at facilitating compliant on-chain trading. Other blockchain networks, such as BNB Chain and Robinhood Chain, are also entering the tokenized equity space, indicating a growing competition in this sector. However, the reliance on a few key players raises concerns about market efficiency and counterparty risks associated with the custody model.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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