Real World Assets (RWA) Protocol Splice and Chintai have launched a new product in Solana, designed to allow retail users to access institutional grade tokenized securities.
The product is equipped with a Strategic Token, or S-Tokens, which will provide retail users with exposure to the yields generated by Chintai. While users do not directly hold Chintai’s tokenized securities, S-Tokens act as “mirrors” through a loan structure backed by the underlying assets.
S-Tokens is designed to expand access to RWA yields beyond institutional investors. Today, most institutions’ RWA products operate as “walled gardens” with strict capital requirements and compliance hurdles, limiting retail participation, the company told Cointelegraph.
The S-Token model aims to bridge this gap, allowing publishers to continue to comply while providing retail users with access to institutional-grade yields.
Splyce allows users to engage directly with these assets via their existing Web3 wallets, and maintain an unauthorized experience that usually defines Defi.
“There are no jurisdictional restrictions on where S‑ Tokens can offer. They are not allowed as much as USDC or USDT,” Splyce’s chief marketing officer, Ross Blyth, told Cointelegraph. “That being said, deposits will still be subject to standard KYC/AML monitoring, ensuring anti-money laundering requirements.”
The first iteration of S-Tokens includes Kin Fund, a tokenized real estate fund launched by Kin Capital on the Chintai network.
Deloitte has identified loans, securitization and private real estate as two of the biggest potential tokenization opportunities for the next decade. sauce: Deloitte
“Distribution and liquidity have always been the biggest hurdles for RWAS,” Josh Gordon, managing director of Chintai, told Cointregraph. “Soon, facility-grade assets will be traded across Solana’s decentralized exchanges with the same ease as tokens today.”
Related: VC Roundup: VCS Fuel Energy Tokenization, AI Data Chine, Programmable Credit
Possibility to boost Solana’s RWA momentum
Known for its high throughput, low fees and a strong developer ecosystem, Solana has gained remarkable traction in the real estate sector.
Industry data shows Solana’s tokenized assets are currently valued at over $656 million. Only four other networks, Ethereum, Zksync Era, Polygon and Aptos, currently support higher levels of tokenized assets.
Tokenized asset values across major networks. sauce: rwa.xyz
Since the beginning of the year, the value of Solana’s tokenized assets has increased by more than 260%. The network’s largest unstable coin tokenized products include the Ondo Short-Term US Government Bond Fund, which provides yields on Ondo US Dollar and tokenized access to products with yields such as the Short-Term US Treasury Department.
Additionally, BlackRock launched the USD Institutional Digital Liquitidity Fund (BUIDL) in Solana earlier this year. Buidl quickly became the dominant US Treasury product across blockchain, but its presence in Solana further underscores the growing role of the network in adopting the institutional RWA.
Solana’s biggest RWA products are tailored primarily for qualified institutional buyers or accredited investors, but alternatives are emerging, although they limit retail access. Ondo Finance has also announced plans to expand retail access to Solana through a partnership with Alchemy Pay.
Meanwhile, MEXC says Ondo’s Aldecoin (USDY) is available to Stellar retailers.
These developments have emerged as a platform for tokenized stocks, so the NASDAQ listed company and the Forward Industry, the owner of Solana Treasury, are planning to tokenize blockchain inventory through a partnership with the regulated issuing platform SuperState.
https://www.youtube.com/watch?v=av4beooajdg
Related: $400T TRADFI Market is a huge runway for tokenized RWAS: Animoca
