Expanding RWA Access on Solana
Real-world asset (RWA) protocols Splyce and Chintai have launched a new product on Solana designed to give retail users exposure to institutional-grade tokenized securities. The initiative marks a major step in broadening RWA adoption beyond institutional investors on one of the world’s most active blockchains.
The product is powered by strategy tokens (S-Tokens), which mirror yields generated by Chintai’s tokenized securities. Instead of holding these securities directly, retail users gain exposure through a loan structure backed by the underlying assets.
Bridging Institutional and Retail Finance
Most institutional RWA products operate as walled gardens, restricted by capital and compliance requirements that exclude smaller investors. The S-Token model is designed to bridge this gap, offering retail users institutional-grade yields while ensuring issuers remain compliant.
With Splyce, users can interact via their existing Web3 wallets, preserving the permissionless DeFi experience.
“There are no jurisdictional restrictions on where S-Tokens can be offered — they’re as permissionless as USDC or USDT,” said Ross Blyth, Splyce’s CMO. “That said, deposits are still subject to standard KYC/AML monitoring.”
The first S-Token iteration involves the Kin Fund, a tokenized real estate fund launched by Kin Capital on the Chintai network.
Boosting Solana’s RWA Momentum
“Distribution and liquidity have always been the biggest hurdles for RWAs,” said Josh Gordon, Chintai managing director. “Soon, institutional-grade assets will be tradable across Solana decentralized exchanges with the same ease as tokens today.”
Solana’s role in the RWA ecosystem is rapidly growing. According to RWA.xyz, tokenized assets on Solana now exceed $656 million, making it the fifth-largest network for tokenized securities after Ethereum, ZKsync Era, Polygon, and Aptos.
Since early 2025, Solana’s tokenized asset value has surged by more than 260%. Key products include Ondo US Dollar Yield and the Ondo Short-Term US Government Bond Fund, offering access to short-term US Treasurys.
Institutional Adoption on Solana
BlackRock also launched its USD Institutional Digital Liquidity Fund (BUIDL) on Solana earlier this year, quickly becoming the largest tokenized US Treasury product across blockchains. Its deployment highlights Solana’s expanding role in institutional adoption.
Still, most top-tier RWA products remain restricted to accredited or institutional buyers. To counter this, Ondo Finance has announced retail access plans on Solana via Alchemy Pay, while its YieldCoin (USDY) is already available to retail users on Stellar.
The Road Ahead
Beyond tokenized Treasurys and funds, Solana is positioning itself as a hub for tokenized equities. Forward Industries, a Nasdaq-listed company and Solana treasury holder, plans to tokenize its stock on Solana through a partnership with Superstate, a regulated issuance platform.
With projects like S-Tokens and growing institutional participation, Solana is emerging as a strong contender in the tokenized assets race, bridging the gap between institutional and retail finance.
