Solana's tokenized stockholder addresses climbed to 801,439 by September 12, representing an 88% increase from 424,894 at the start of the month. According to Blockworks data, this rapid growth occurred over less than two weeks, with the metric taking more than a year to cross the 300K threshold. The growth was particularly concentrated in September alone, with two weeks adding close to 400K addresses - demonstrating the accelerating pace of adoption in the tokenized equity category. However, the data should not be treated as a census of new investors or unique capital, as the holder-address figures identify addresses associated with the category rather than individual wallet ownership or account relationships.
Tokenized equity supply on the network reached a record $684 million and increased approximately 47% in about three weeks, as reported by Blockworks. When calculated across the 801,439 addresses, this works out to an average holding of $850 per address. The surge in supply coincided with the launch of custom tokenized stock pairs on September 9, when Pump.fun enabled creators to launch coins priced in tokenized stocks instead of SOL, with trading fees paid out in stock tokens rather than SOL. Similar mechanics were implemented by StockFun, creating a system where traders buying memecoins generate fee distributions that route back to tokenized equity tokens, inflating the holder count without requiring traditional brokerage decisions.
The tokenized-equity figure forms part of Solana's broader real-world-asset ecosystem, which as of late July 2026, hosted $3.7 billion in non-stablecoin real-world-asset value across more than 313,000 holders. As reported by Solana News, this category encompasses tokenized Treasuries, public equities, private credit, reinsurance, sovereign debt, commodities, liquidity funds, and stablecoin settlement infrastructure. The tokenized-equity address total describes a different category and measurement method compared to the broader RWA holder total, reflecting different types of assets and measurement approaches.
According to Solana's ecosystem report, 97% of all on-chain tokenized-equity spot volume to date had settled on Solana as of late July 2026. The report described tokenized equities as an area of accelerating RWA growth on the network, while noting that the category remains early relative to traditional public equity markets. The growth can be attributed to retail finding on-chain equities, with genuine on-chain equity demand represented in the 801,439 addresses, alongside fee-routing side effects that inflate the holder count through launchpad mechanics. Notable developments included Nike going live as a tokenized equity on September 8 and Galaxy Digital starting to let shareholders tokenize stock on Solana from September 3, though these belong in different categories due to issuer involvement rather than third-party wrapper building.
