Solana Tokenized Equity Holders Hit 850,000 ATH as $3.3B Flows in 30 Days

Three days after the SEC issued a five-year innovation exemption for tokenized NMS stock trading on public permissionless blockchains, Solana's tokenized equity ecosystem hit a new all-time high: 850,000 unique onchain holders, per the official Solana weekly newsletter published today.

$3.3 billion in RWA volume cleared on Solana in the same 30-day window, according to Messari's @tokens account, which published the platform-level breakdown on September 19. The official newsletter cited the same aggregate today, giving the figure two independent sources.

The SEC's five-year innovation exemption, announced September 17, cleared tokenized NMS stocks to trade on public permissionless chains under a structured safe-harbor framework. The holder and volume data published today represents the ecosystem's condition entering that period. Institutional participants had cited the absence of a formal regulatory framework as a reason for caution; the exemption removes that objection.

Where the $3.3B Went: xStocks, Backpack Securities, PreStocks

xStocks AAPLx$334.60-0.3% led the 30-day RWA volume at $1.6 billion. Backpack Securities contributed $1.1 billion. PreStocks ANTHROPIC$1,061.67+3.0% accounted for $293 million, per Messari data published September 19.

xStocks operates an 839-asset catalog of tokenized equities deployed across eight chains, with Solana as its primary activity venue. Backpack Securities is the registered broker-dealer arm of Backpack Exchange, which generated $1.1 billion in volume during the period. PreStocks, focused on pre-IPO names including Anthropic, OpenAI, and SpaceX, reached 100,000 total holders, per today's newsletter.

What 850,000 Holders Are Actually Holding

@tokens published a holder-count ranking of the most-held tokenized equities on Solana on September 19. Nvidia (NVDAx) leads all instruments with 94,752 holders. The S&P 500 proxy (SPYx) follows at 70,833, ahead of Tesla (TSLAx) at 39,574, Nasdaq 100 (QQQx) at 38,177, and Anthropic's pre-IPO token at 37,627. Apple (AAPLx) has 33,813 holders, OpenAI's pre-IPO stands at 33,048, Alphabet (GOOGLx) at 27,491, and two SpaceX instruments (SPCXx and the Backpack-issued SPCX) each sit near 27,000.

Nvidia's position reflects its role as the largest publicly traded AI infrastructure company, with demand concentrated on that theme in 24/7 tokenized form. The S&P 500's 70,833 holders indicate significant appetite for index-level exposure rather than individual names.

Anthropic at number five and OpenAI at number seven (ahead of Alphabet and Apple) point to a category traditional brokerages cannot offer. Both companies are private. Their tokenized pre-IPO instruments give holders onchain exposure without a U.S. brokerage account, the specific niche PreStocks addresses.

VIDAx DEX Volume vs. Traditional Stock Exchange Volume

The @solana newsletter reports that xStocks' $VIDAx onchain DEX volume outpaced the same stock's traditional exchange volume by 12.6x over seven days. The newsletter does not specify which traditional exchange the comparison uses or its precise calculation methodology, and the figure is not independently corroborated in the sources reviewed. It is attributed here on the basis of the official Solana account as the publishing source.

The directional reading is consistent with data the newsletter separately cites: tokenized equity activity outside traditional market hours exceeds 63% of total activity across the category, per @tokens. Traditional exchanges close nights and weekends; Solana does not.

Solana's 14th Consecutive Week Leading All-Chain dApp Revenue

Today's newsletter marks the 14th consecutive week Solana has led all blockchains in dApp revenue. The streak has run through varying individual daily figures. On September 12, Solana apps posted $7.935 million in 24-hour protocol revenue, at that point a 2026 single-day record exceeding four chains combined.

420 million USDC transactions cleared on Solana in the past 30 days, per the newsletter. Daily stablecoin active addresses in September reached 888,000, a metric Compass first reported on September 15 that the newsletter reaffirms alongside the USDC transaction count.

Huma Finance PST Crosses $300M Market Cap

Huma Finance HUMA$0.023-6.2%'s PST token surpassed $300 million in market capitalization, per today's newsletter. PST is Huma Finance's structured credit token backed by cross-border payment receivables, an income-generating RWA product rather than an equity instrument, though it appears under the same Solana RWA umbrella the newsletter surveys.

On the fiat-to-crypto side, payments company Mercuryo reported 89% year-to-date on-ramp growth with 85% of volume flowing into SOL, per the newsletter. Mercuryo is reporting its own operational metrics; the figures have not been independently corroborated in the sources reviewed.