Real-World Asset (RWA) protocols Splyce and Chintai have launched a new product in Solana designed to give retail access to institutional tokenized securities-a step that can expand the RWA tokenization appeal to one of the world’s largest blockchains.
Product is enabled by approach tokens, or S-Tackies, providing retail users with exposure to yields generated by Chintai. While users do not directly hold Chintai’s tokenize security tokenizes, S-TaKens act as a “glass” through a loan structure supported by the underlying properties.
S-TaKens are designed to expand Accessing RWA yields More than institutional investors. Today, most RWA institutional products operate as “gardens walls” with strict capital requirements and obstruction obstacles, limiting retail participation, cointelegraph companies said.
The S-Soken model aims to bridge this space, which offers retail access access to grade-institutional yields while allowing those who give to stay compliant.
In the SPLYCE, users can engage in these possessions directly through their existing web3 wallets, maintaining the unauthorized experience that usually refers to the defi.
“There are no jurisdiction restrictions on which S – tokens are offered – they are not permission to be USDC or USDT,” Ross Blyth, chief Splyce marketing officer, said in cointelegraph. “That said, deposits are still subject to the usual KYC/AML monitoring to ensure compliance with anti-money laundering requirements.”
The first S-TaKens recurrence will be involved in Kin Fund, a tokenized real estate fund launched by the Kin Capital on the Chintai Network.
“Distribution and liquidity are always the biggest barriers for RWAs,” director Josh Gordon told Cointelegraph. “Soon, grade-institutional assets are tradable throughout Solana decentralized exchanges with the same ease as tokens today.”
Related: VC ROUNDUP: VCS Fuel Energy Tokenization, AI DataChain, Programmable Credit
A potential strengthening of Solana’s RWA momentum
Solana, known for high-throughput, low fee and strong developer ecosystems, gets a well-known traction in the real-world asset space.
According to industry data, tokenized assets in Solana now cost more than $ 656 million. Four other networks – Ethereum, Zksync Era, Polygon and Aptos – currently supports higher levels of tokenized assets.
Due to the start of the year, the Amount of tokenized assets in Solana has grown more than 260%. The largest non-stablecoin-token-to-to-stablecoin products include the Ontdo US dollar yield and the Ondo Short-Term US government bond fund, which provides tokenized access to harvested products such as short-term US Treasurys.
In addition to BlackRock launches USD Institutional Digital Liquidity Fund (Buidl) in Solana earlier this year. While Buidl has rapidly became the dominant tokenized US -to -tokenized product of the US treasury throughout the blockchain, its existence in Solana further emphasizes the growing role of the network in the adoption of the RWA institutional.
Although the largest RWA products in Solana are still focusing on qualified institution buyers or accredited investors, which limit access to retail, the alternatives are emerging. Ondo Finance also announced Plans To expand access to retail in Solana by working with Alchemy Pay.
Meanwhile, Ondo’s Yieldcoin (USDY) is available to retellar retailers, according to Mexc.
These developments arrive as Solana appears as a platform for tokenized equities, with forward industries-a company listed in Nasdaq and holds Solana- Treasury- Planning to totokenize its stock In the blockchain through a cooperation with the Superstate, a regulated release platform.
https://www.youtube.com/watch?v=AV4Beooajdg
Related: The $ 400T Tradfi Market is a major path for Tokenized Rwas: Animoca
