The State of Tokenized Equities on Solana: September in Review September was a milestone month for tokenized equities on @solana, with supply reaching a reported $780.5M, spot trading volume hitting $4.25B, and holders surpassing 1 million. New products, institutional integrations, and regulatory developments further expanded the market. Memestocks also attracted attention. Super Inu ($SI), paired with tokenized Nvidia stock ($NVDAx), reportedly reached a $60.9M market cap and briefly became StonkFun's largest memecoin by market cap Key Milestones > Tokenized Equity Supply Reaches $780.5M Tokenized equity supply on @solana reached a reported record of $780.5M, highlighting the expansion of stock-based assets onchain. > SHEIN Goes Onchain @SHEIN_Official became available as a tokenized stock on Solana through @xStocksFi, extending the market beyond U.S.-listed equities. > Stocklana Launches @solana introduced Stocklana, a tokenized-equity hackathon offering $100K+ in prizes. Around the same time, tokenized $GRND recorded approximately $31M in trading volume within 24 hours, exceeding its previous day's NYSE volume. > Dangote Refinery IPO Reaches Solana @NectarFi and @GetEquity launched access to the Dangote Petroleum Refinery and Petrochemicals IPO on Solana, with stablecoin subscriptions starting at ₦10,000. > Project Harmonia Opens Applications Project Harmonia connected Solana with @Allfunds' institutional fund distribution network, creating a pathway for eligible tokenized funds to reach a broader investor base. > Dawn Connects Stablecoins With Digital Infrastructure @DawnInternet introduced its USD.infra Vault, linking stablecoin capital with digital infrastructure projects, including AI compute and wireless connectivity. > Tokenized Equity Holders Surpass 1 Million Solana crossed 1 million tokenized equity holders, marking a significant milestone in participation across its tokenized stock market. > Raydium Crosses $6B in Stock Trading Volume @RaydiumProtocol surpassed $6B in cumulative tokenized stock trading volume. Solana also overtook Robinhood in weekly tokenized commodity spot volume for the first time. > Metaplex Introduces a Permissioned RWA Standard @metaplex introduced MPL-3643, a standard for permissioned real-world assets and tokenized securities on Solana. It supports compliance features such as transfer restrictions, lockups, verified-wallet access, and jurisdictional controls. Market Activity Tokenized equities generated approximately $4.25B in September spot volume, while tokenized commodities recorded around $264.6M. Allium data also showed that RWA holders on Solana increased fivefold over the past year, with tokenized stocks accounting for 98% of the increase since April.