Solana attracted approximately $348 million in net real-world asset flows during the latest 30-day measurement period, according to the RWA Foundation. The network's distributed RWA value reached roughly $4.23 billion as tracked holder addresses climbed to 398,644. The RWA Foundation published these figures on September 5 using data from analytics platform RWA.xyz, with the organization stating that Solana recorded the largest net increase during the period. The figures cover distributed real-world assets, which are tokenized financial products that investors can subscribe to, hold or transfer through blockchain wallets and approved custodians.
Solana's distributed RWA value increased by 11.13% over 30 days, significantly outpacing other major blockchain networks. Ethereum recorded a 0.77% increase, while Stellar rose 5.22%. However, the XRP Ledger and Avalanche moved in the opposite direction, with their tracked totals declining by 5.51% and 14.06% respectively. These changes reflect subscriptions, redemptions, transfers between networks and movements in the reported value of underlying assets. The $348 million figure represents net changes attributed to assets distributed on the network after inflows and outflows, not transaction volume.
Solana's RWA expansion has been supported by significant institutional partnerships, with BlackRock's BUIDL fund expanding to Solana through Securitize in March 2025. The fund invests in cash, U.S. Treasury bills and repurchase agreements, with Solana reporting that the BUIDL share class held more than $550 million on the network by February 2026. Franklin Templeton's BENJI token is also available on Solana, representing shares in the Franklin OnChain U.S. Government Money Fund with $753.24 million in total net assets as of June 30. VanEck's VBILL provides another Treasury-linked product that launched across multiple chains in May 2025.
The network has expanded beyond Treasury products with Ondo Finance operating USDY and OUSG products on Solana, providing exposure to short-term U.S. Treasuries and government securities. Ondo launched hundreds of tokenized U.S. stocks and exchange-traded funds in January 2026, primarily for eligible non-U.S. investors. WisdomTree added another institutional distribution channel in January, making its tokenized funds available for direct minting on Solana through its WisdomTree Connect platform. These products provide economic exposure to underlying securities but are structured for eligible non-U.S. investors rather than as ordinary shares.
The $4.23 billion figure represents one portion of the wider tokenized RWA market, which reached approximately $38.1 billion by August 9 as projects moved hundreds of millions of dollars in physical assets onchain. However, the value belongs to investors in products issued by separate financial institutions rather than Solana protocol revenue. The RWA Foundation noted that Solana is leading the pack, with the next RWA.xyz updates expected to show whether the $348 million increase represented a sustained trend or a concentrated period of issuance. New issuance will determine whether the inflows continue, while the more relevant measure is whether tokenized assets remain on Solana and develop active secondary markets.
