Solana nears $1B in tokenized RWAs, fueled by BlackRock’s BUIDL and Ondo’s USDY, signaling rising institutional adoption on-chain.
Solana is approaching a major milestone in tokenized real-world assets as on-chain data shows total value nearing $1 billion.
The growth follows recent expansions from BlackRock’s BUIDL fund and Ondo’s USDY product.
Solana Set to Become Third Chain Above $1B in RWAs
Solana is set to become the third blockchain to surpass $1 billion in tokenized RWAs.
Ethereum and BNB Chain previously crossed that threshold. Market data indicates Solana could reach the mark within the month.
A key driver of this growth is the expansion of BlackRock’s BUIDL fund. The fund added about $255 million in tokenized assets on Solana.
This increase contributed to a sharp rise in total RWA value on the network.
Tokenized real-world assets represent traditional financial products issued on blockchain rails.
These include funds, treasuries, and yield-bearing instruments. Solana’s recent inflows reflect rising institutional participation.
BUIDL and USDY Fuel On-Chain Asset Expansion
BlackRock’s BUIDL product has expanded across multiple chains. Its presence on Solana has added depth to the network’s asset base.
The $255 million allocation strengthened Solana’s position in the RWA sector.
Ondo Finance’s USDY has also played a major role. USDY accounts for about $175 million in tokenized assets on Solana.
The product offers exposure to short-term U.S. Treasury yields through blockchain infrastructure.
Solana is on the verge of becoming the third blockchain (after Ethereum and BNB) to surpass $1 billion in tokenized RWAs this month.
Driven by the BlackRock BUIDL expansion ($255M) and Ondo USDY ($175M), Solana has transitioned from a retail memecoin hub to the world’s most… pic.twitter.com/dUaJCw4uuZ
— Altcoin Buzz (@Altcoinbuzzio) February 20, 2026
Together, BUIDL and USDY represent a large share of Solana’s RWA growth.
Their combined value has accelerated the network’s approach to the $1 billion mark. Market observers note that institutional-grade products are gaining traction on the chain.
Related Reading: Solana Strengthens Position in RWA Sector With $1.66B Milestone
Shift From Memecoins to Internet Capital Markets
Solana was previously known for high retail trading activity. Memecoin launches and decentralized exchange volumes dominated headlines.
However, the recent rise in tokenized RWAs reflects a shift in usage patterns. The network now hosts a growing number of financial applications.
Developers are building tools for trading, settlement, and asset issuance. Liquidity in tokenized assets has increased alongside infrastructure upgrades.
Some analysts describe Solana as evolving into a hub for internet-based capital markets.
The presence of large asset managers and structured financial products supports this transition.
As tokenized RWAs approach $1 billion, Solana joins a small group of blockchains with sizable on-chain asset markets.
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