Solana is Ready For Real World Assets, its Head of Institutions Said

Solana, the sixth-largest blockchain by market cap, wants to become a hub for real world assets and institutions, Nick Ducoff, the Solana Foundation’s head of institutional growth said in an interview with the New York Stock Exchange (NYSE).

“Solana is for real-world assets and for institutions and for everyone in the world to build financial infrastructure on top of it,” Ducoff said. “Thanks to tokenization, anyone can get these really high-quality products, no matter where you are in the world, 24/7, with very low fees.”

Following the launch of Franklin Tempelton’s Benji money fund, the network is ready to welcome other real-world assets, including Societe Generale’s Euro stablecoin and the Wellington Funbridge Delta Fund.

Institutional adoption could push governments to establish compliance rules, helping legitimize tokenized assets and integrate them into mainstream finance, Ducoff said.

The total value of onchain RWAs is $17 billion. Solana is the seventh-largest RWA chain, with $135 million worth of assets, according to data from rwa.xyz.