When it comes to RWAs and the stocks, many blockchains are trying to get the attention. However Solana and ETH L2 chains made the race so difficult. Each of them have the nations and the exchanges lined up for hosting the stocks. And Solana has been pumping the US based and UK based stocks through variety of exchanges.
Robinhood and the BackedFi are two of them that have tried to do this and turns out it worked out for them. BackedFi has managed to get the 1 B USD worth of those stocks on Solana so far.
Token terminal has been keeping an eye on those details of tokenized finances. And they have managed to get the stocks based updates on the chain. And turns out the tokenized finance has been going on good so far. It makes sense that the backed finance with such update is showing a promising start for Solana.
This goes to show the stock inclusion in variety of the exchanges and also tokenized program with the stocks in the USD based market is kind of helping out. So this would be a good direction for the Solana based finance firms to work with the stocks and get themselves working before majority of the nations improve on it.
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