Real active protocols (RWA) SPLCE and CHINTAI launched a new product on Solana designed to give retail users access to tokenized institutional quality token titles – a decision that could widen the attraction of RWA tokenization to one of the largest blockchains in the world.
The product is powered by strategy tokens, or S-TOKENS, which provide detail users with exposure to yields generated by Chiltai. While users never directly hold token titles from Chiltai, S-TOKENS act as a “mirror” thanks to a loan structure supported by underlying assets.
S-TOKENS are designed to expand access to RWA yields beyond institutional investors. Today, most institutional RWA products operate as “closed gardens” with strict capital requirements and obstacles of compliance, limiting detail participation, companies in Cointelegraph said.
The S-TOKEN model aims to fill this gap, offering retail users access to institutional quality yields while allowing issuers to remain in conformity.
With SPLYCE, users can engage with these assets directly via their existing web3 portfolios, by maintaining the experience without authorization which generally defines DEFI.
“There is no jurisdictional restriction on the place where S -Tokens can be offered – they are as without permission as the USDC or USDT,” said Ross Blyth, director of marketing at Splyce, Cointelegraph. “That said, deposits are always subject to standard KYC / AML monitoring to guarantee compliance with the anti-money laundering requirements.”
The first iteration of S-Tokens will imply the Kin Fund, a tokenized real estate fund launched by Kin Capital on the Chiltai network.
“Distribution and liquidity have always been the biggest obstacles for RWAS,” said Cointelegraph, managing director of Chiltai. “Soon, assets of institutional quality will be negotiable through Solana decentralized the exchanges with the same ease as tokens today.”
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A potential boost of the RWA of Solana
Solana, known for its broadband, its low costs and its strong developer ecosystem, obtained a notable traction in the space of active world.
According to industry data, assets tokenized on Solana is now estimated at more than $ 656 million. Only four other networks – Ethereum, Zksync Era, Polygon and Aptos – currently support higher levels of tokenized assets.
Since the start of the year, the value of tokenized assets on Solana has increased by more than 260%. The largest non -stable tokenized products on the network include the yield of the US dollar Ondo and the US government bond fund in the short -term ONDO, which offer tokenized access to product -made products such as short -term American treasurys.
In addition, Blackrock launched its USD Institutional Digital Liquidity Fund (BUIDL) on Solana earlier this year. While Buidl quickly became the product of the US Treasury tokenized overlooking the blockchains, its presence on Solana also underlines the growing role of the network in the institutional adoption of RWA.
Although the largest Rwa on Solana products are still intended mainly for qualified institutional buyers or accredited investors, limiting detail access, alternatives are emerging. Ondo Finance has also announced its intention to extend access to detail over Solana thanks to its partnership with Alchemy Pay.
Meanwhile, Ondo’s rendering (USDY) is available for retail users on Stellar, according to Mexc.
These developments come as Solana appears as a platform for token actions, with Forward Industries – a company listed at NASDAQ and a Treasury Solana holder – providing tokensize his stock on the blockchain thanks to a partnership with Superstate, a regulated emission platform.
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