Solana Tokenized Stocks Holding Addresses Surpass 800,000 Amid 88% Monthly Surge

Solana-based tokenized stock holding addresses have surpassed 800,000, according to blockchain media Cryptopolitan. As of September 12, the number reached 801,439, up 88% from 424,894 at the start of the month.

The growth rate was rapid: it took over a year for the metric to exceed 300,000 addresses, but nearly 400,000 were added in September alone. This surge is difficult to attribute solely to individual investors buying tokenized stocks on-chain.

Launchpads like Pump.fun and Stock.fund have contributed by using tokenized stocks as trading pairs and fee settlement assets, including wallets that didn't directly select the stocks in their holdings.

Pump.fun introduced a customized trading pair feature on September 9, allowing users to list coins based on Solana or tokenized stocks while receiving fees in those stock tokens instead of SOL. This means meme coin purchases could result in transaction fees being paid in tokenized NVIDIA shares or S&P500 tokens, categorizing the wallet as holding tokenized stocks without requiring a brokerage account or investment decision.

However, the increase in address count hasn't matched the growth in actual funds. Solana's tokenized stock supply rose 47% over three weeks to reach $684 million, an all-time high. Dividing this by the 801,439 addresses gives an average holding of approximately $850.

It's important to note that address count doesn't necessarily reflect user numbers: multiple wallets per trader can lead to overcounting, and launchpad activity tends to increase new wallet creation rather than consolidate existing ones.

Tokenized stock listings also continued during the same period. Nike began trading tokenized stocks on September 8, while Galaxy Digital started allowing shareholders to tokenize their shares on Solana from September 3. Galaxy Digital's approach differs as it involves the issuing entity directly rather than third-party synthetic exposure.

Ultimately, the 801,439 figure combines both actual on-chain stock demand and fee inflows from meme coin trading, making it difficult to distinguish between these two trends based solely on current metrics.