As Solana turns six years old, the “memecoin chain” is quietly listing 200 plus tokenized stocks for Wall Street
Despite its reputation as a memecoin chain, Solana is now hosting over 200 tokenized stocks and attracting major financial institutions.Summary
As Solana celebrates its sixth anniversary, the blockchain, long known for high-volume memecoin activity, is quietly becoming a venue for institutional finance. Major players like Ondo, which brought over 200 tokenized U.S. stocks and ETFs to the network, and WisdomTree, which enabled native minting of its tokenized funds, are building on Solana. Furthermore, payment giants like Visa, PayPal, and Worldpay are utilizing the network for treasury management and settlements, often using stablecoins like USDC and PYUSD. This institutional adoption suggests that firms prioritize Solana's speed, low fees, and liquid rails over concerns about its association with speculation. The structure, where registered broker-dealers hold the underlying securities while Solana handles the transfer layer, allows institutions to leverage the network's performance without fully adopting its speculative culture. This "barbell" strategy sees retail speculation and regulated securities infrastructure coexisting, supported by Solana's proven ability to handle institutional-scale stablecoin flows, processing $650 billion in February 2026.
(Source：CryptoSlate)