Samsung Partners With Solana To Natively Deliver Stablecoins In Samsung Wallet To 82 Million U.S. Galaxy Devices
▲ 1 r/solana

Samsung Partners With Solana To Natively Deliver Stablecoins In Samsung Wallet To 82 Million U.S. Galaxy Devices

Source: https://x.com/solana/status/2107994265104339166

BREAKING: Samsung partners with Solana to bring stablecoins to 82 million US Galaxy devices.

Samsung Wallet users in the US will be able to send money across borders using USDC on Solana, beginning the last week of October.

https://reddit.com/link/1x0f64n/video/svj0tjwnk5uh1/player

The feature is built into Samsung Wallet rather than alongside it, so users send money from the same screen they already open for cards, boarding passes and IDs while Solana runs behind the scenes.

Solana has processed more than $5.25 trillion in stablecoin volume in 2026 alone.

Learn more: https://solana.com/news/samsung-wallet

https://preview.redd.it/9pri8cxsk5uh1.png?width=680&format=png&auto=webp&s=3a8a0d7c0646abcbc450e9aa73ed8c93b6707968

Cross-border money transfers using stablecoins on Solana, built into the Samsung Wallet experience Galaxy users already know.

Samsung Wallet and Samsung Pay will support stablecoins on Solana. Samsung Wallet users in the United States will be able to send money across borders using USDC beginning the last week of October 2026.

Built into Samsung Wallet and 82 million U.S. Galaxy devices

The feature is built into Samsung Wallet rather than alongside it. Users will be able to send a remittance from the same interface they already use for cards, boarding passes and IDs, with integrated fiat on- and off-ramps converting to and from local currency. Solana's infrastructure operates behind the scenes, so users can transfer money seamlessly within the Samsung Wallet experience they already know.

At launch, the feature will be available across 82 million U.S. Galaxy devices, with additional markets to follow, subject to local regulatory requirements.

Stablecoins reaching the mainstream through Samsung's scale

"Samsung Wallet is about making useful experiences feel simple and intuitive," said Woncheol Chai, EVP and Head of the Digital Wallet Team at the Mobile eXperience (MX) Business at Samsung Electronics. "Stablecoins have the potential to make moving money around the world faster and easier, and we want Galaxy users to be able to take advantage of that without having to navigate the complexity of traditional crypto tools. Solana helps us bring that experience to Samsung's scale."

"For a decade, stablecoins have proved the technology works," said Lily Liu, President, Solana Foundation. "What they lacked was a way to reach the mainstream. Samsung's decision to work with Solana puts digital dollars into everyday life through one of the world's most trusted technology brands. This level of adoption is what we built Solana for, and we're seeing the moment when stablecoins stop being a crypto product and start being how people move money."

Stablecoin activity on Solana has grown sharply in the past year

Stablecoin activity on Solana has grown sharply in the past year. Stablecoin supply on Solana is up nearly 20% year over year, and the network has processed more than $5.25 trillion in stablecoin volume in 2026 alone. Major enterprises, like PayPal and Western Union, are already leveraging Solana for stablecoin activity. Samsung's integration brings this momentum to the next level, making Solana's technology easily accessible on 82 million U.S. Galaxy devices.

https://www.youtube.com/watch?v=Yx8ntFgJqAk

https://preview.redd.it/ztuz23gyk5uh1.png?width=588&format=png&auto=webp&s=96da3314ed74eb74765fffdb446e11f4fb0bab5a

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u/ansi09 — 7 days ago
▲ 3 r/solana

Orca Merges With Loopscale & Will Now Operate as "Formation," in Push to Finance AI, Robotics, and Defense

Source: https://www.theblock.co/news/defi/2026-10-07-solanas-orca-merges-with-loopscale-push-to-finance-ai-robotics-defense-417924

Source: https://x.com/formation_so/status/2107965006578921623

https://preview.redd.it/ukk7inecl4uh1.png?width=680&format=png&auto=webp&s=8e7dfda358b7fc6e170aeb2dcddd9ba90c048ddd

Orca and Loopscale merge to build the capital formation and allocation network of the frontier economy, powered by tokenization and onchain finance.

Today we're announcing the merger of Orca and Loopscale. The combined team will operate as Formation, headquartered in New York City and led by Loopscale co-founder Luke Truitt as CEO, with Mary Gooneratne as Chief Operating Officer and Christopher Montagano as Chief Strategy & Legal Officer.

Formation brings Orca's trading and liquidity infrastructure together with Loopscale's credit and vault infrastructure. Built on both protocols, Formation gives issuers a unified path from issuance to scale and allocators a single venue to access those assets and the strategies built around them. We are already working with Figure, Shinhan Asset Management, Superstate, R3, and Securitize to bring new high-quality assets to market and expand their distribution.

The merger does not change how users access or use Orca and Loopscale today. Both applications will continue operating as before, with all existing positions, loans, and vault deposits unaffected. Together, the Orca and Loopscale protocols will form the foundation of the Formation platform and the ORCA and xORCA token network. Additional details are available in FAQs at orca.so and loopscale.com.

Full-stack DeFi for tokenized assets

Tokenization provides a composable record of asset ownership, but asset adoption requires liquid markets, access to credit, and sustained distribution. Today, issuers assemble these capabilities across separate counterparties, each requiring its own diligence process, technical integration, and commercial agreement. Formation integrates liquidity, credit, and vaults into one platform, giving issuers a single team to work with across all three.

Liquidity: Orca provides infrastructure for secondary trading, with market structures suited to different assets. Whirlpools let investors trade against liquidity supplied by LPs, while Riptide lets professional market makers run their own AMM strategies. Permissioned pools support trading among approved participants.

Credit: Loopscale matches borrowers and lenders through an order book, enabling fixed-rate loans with lender-defined, asset-specific terms. That architecture supports bespoke lending products and complex collateral, including fully permissioned assets and novel DeFi assets such as Orca LP positions.

Vaults: Loopscale Earn Vaults and Loopscale Asset Curation power Formation’s distribution capabilities. Earn Vaults offer allocators access to strategies across multiple venues that span yield, credit, and market-making. The curation team structures these strategies and connects issuers with the liquidity providers and participants needed to scale their assets.

This infrastructure already operates at a meaningful scale. Orca has processed more than $550 billion in trading volume since 2021, while Loopscale has facilitated more than $2 billion in loans and currently holds over $150 million in deposits.

When deeply integrated, liquidity, credit, and vaults create a reinforcing cycle that attracts capital and sustains asset demand. Deeper liquidity helps investors enter and exit positions and makes an asset more useful as collateral. Credit and Loops create new reasons to hold the asset and generate trading activity. Vaults direct allocator capital into both markets, expanding their capacity and supporting the asset’s growth.

Shrinking the minimum viable asset

AI, energy, robotics, and defense are creating new businesses and assets whose financing needs are outpacing traditional market infrastructure.

Apollo estimates that AI infrastructure alone will require nearly $3 trillion through 2028, with more than half coming from external capital.

Many of these financing needs fall outside the scale and structures capital markets efficiently serve. A $5 million financing can require much of the same underwriting, legal, servicing, and distribution infrastructure as a $50 million deal. Those fixed costs establish what our team calls the “minimum viable asset”: the smallest issuance that is economically viable to bring to market.

https://preview.redd.it/lkcrpxofl4uh1.png?width=680&format=png&auto=webp&s=da31af939ca420f88d414aefaa0632ab621346db

Financial innovation has repeatedly served as a prerequisite for new industries to scale, from corporate bonds financing railroads to mortgage-backed securities expanding housing finance. We believe tokenization and DeFi will drive the next such expansion. Programmable markets and reusable infrastructure reduce the cost of creating, distributing, and financing each new asset, lowering the minimum viable asset threshold. Our full-stack approach extends these capabilities across the entire asset lifecycle to realize the transformative opportunity of onchain finance, making new financial products, and the businesses they fund, economically viable.

Issuers are already demonstrating what this infrastructure enables by building markets around assets such as reinsurance and telecom debt. OnRe has grown its reinsurance fund past $250 million, with onchain credit and yield markets helping bring its cost of capital below 7%. DAWN Technologies launched a telecom debt product on our stack in under 30 days, with trading and credit live from day one and more than $10 million deposited in the first 24 hours. Figure has grown two assets to nine-figure AUM through DeFi credit and secondary markets at a lower cost of capital than its traditional alternatives.

American DeFi for a global financial system

On September 17, the SEC issued its innovation exemption, establishing a five-year framework to enable the onchain trading of U.S.-listed stocks through what it calls tokenized securities venues. This creates a concrete path forward for DeFi infrastructure to serve American capital markets, a convergence Formation has been building toward through Orca’s nearly two years of engagement with securities and commodities regulators.

Formed by two U.S.-built companies and headquartered in New York, Formation reflects our conviction that the United States will remain the center of global finance as markets move onchain. We plan to operate a tokenized securities venue under this framework and pursue the licenses needed to expand our offerings, connecting American issuers with global capital and American investors with tokenized global assets.

Looking ahead

Formation is building across origination, issuance, liquidity, credit and distribution, with a path into regulated U.S. capital markets. This work spans:

  • Issuer and originator tools to support the creation of new financial products and help institutions bring existing offerings onchain
  • Capital allocation strategies and integrations that give allocators broader access to tokenized assets and the investment opportunities built around them.
  • Advances in core protocol infrastructure that expand the capabilities of credit, market making, and vault management.
  • New assets across fixed income, equities, and other markets that also enable new vault strategies, trading markets, and lending products.

Realizing this opportunity requires depth in financial structuring, asset curation, issuer relationships, distribution, and regulatory expertise. We’re bringing those capabilities together in-house to build a global engine of capital formation on Orca and Loopscale, driving more assets, capital, and financial activity through both protocols. Our ambition is for onchain finance to expand beyond serving existing markets and finance the emergence of new industries and the innovations that define them.

For issuers, Formation provides a path to launch and scale assets onchain. For allocators, an initial set of products is available on Orca and Loopscale today. Learn more at formation.so and follow @formation_so on X.

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u/ansi09 — 8 days ago
▲ 4 r/solana

Lily Liu, Solana Foundation, On The Biggest Market Ever Built, The Internet Capital Market

Source: https://x.com/solana/status/2107787917213286559

Lily Liu, Solana Foundation, on the biggest market ever built

"The biggest tech platforms of the last 30 years really serve the native-language area they were born in. That caps out at about one and a half billion people, whether you're in the English world or the Mandarin world."

"But all of the people on the internet use money. The internet capital market, which is what we're building for, is going to be the largest global capital market."

https://reddit.com/link/1x05sec/video/eqsl8dlhj3uh1/player

reddit.com
u/ansi09 — 8 days ago
▲ 14 r/solana+1 crossposts

Solana Ecosystem News - October 4-2026

Source: https://x.com/solana/status/2106723512631095559

Nasdaq listed it, Solana moved it. A drone defense company did more volume onchain than on its home exchange, while Fiserv plugged in 90+ banks and credit unions. Q3 app revenue hit $365M, the tenth straight quarter Solana has led.

Here’s everything that happened this week:

📰 Headline News

- @Fiserv’s digital asset platform launched on Solana, enabling Roughrider Coin transfers across 90+ banks and credit unions
- **@**openstandard’s OUSD launched on Solana, with reserves at BlackRock, Lead Bank, and BNY
- Solana led app revenue for the 10th consecutive quarter, generating $365M in Q3, up 42.6% QoQ
- Tokenized Powerus ($PUSA) shares did more volume on Solana than on Nasdaq, day after listing via @sunrise and @Backpack Securities

📰 Launches

- Solana’s tokenized-equity holders reached an ATH of 1.2M, with 775K joining in September
- @sunrise brought Coinbase’s wrapped Cardano asset, cbADA, to Solana via @Chainlink CCIP
- @domaprotocol opened Frontier on Solana via @Loopscale, bringing tokenized domains onchain
- @FermiTrade launched an onchain perp DEX with verifiable first-in, first-out order matching
- @Sirius_Protocol went live with private spot and perps trading, keeping positions off the public feed
- @cloak_ag launched private payroll with spreadsheet uploads and one-click payouts
- @metaplex introduced MPL-3643, a standard for permissioned RWAs and tokenized securities with built-in compliance
- @BackpackOnchain added Solana v1 transaction support for more complex trading routes and DeFi interactions
- @jup_mobile introduced the Claynosaurz x Jupiter Card with 2% cashback, full FX fee rebates through 2026
- @DecryptMedia and @MyriadMarkets introduced The Information Exchange, connecting news and markets
- @useKled unveiled Kled V3 for collecting real-world consumer datasets in under 72 hours, powered by Solana payments
- @flint_trade_ announced its onchain perp DEX on Solana
- @proto_xyz previewed markets for trading exposure to rental GPU power usage, targeting Q4
- @DGLD_Official teased a Solana expansion for its token backed by physical PAMP gold stored in Switzerland
- @solana_devs introduced Solana Scholars, offering funded three-month research internships for PhD students
- @joinfrontier wrapped its Seoul edition, with Solana Summit Singapore next on October 6
- @SolanaEvents confirmed the next wave of Breakpoint 2026 speakers

📰 Milestones

- Solana’s September app revenue reached a nine-month high of $180M, accounting for 32% of revenue across chains
- Solana led spot DEX volume for the fifth consecutive quarter with $197B in Q3, up 16.6% QoQ
- @xStocksFi recorded $1.8B in September trading volume on @Raydium
- @Raydium crossed $6B in cumulative tokenized-stock trading volume
- @byreal_io surpassed $5B in total trading volume on its first anniversary
- @nansen_ai hit weekly ATH for x402 transactions on Solana, with payment volume exceeding all other networks combined
- Tokenized stocks pledged as collateral on @kamino exceeded the scale of any other chain by more than 3x

If you enjoyed this week’s newsletter, please share it with an RT.

Artwork by nub

https://preview.redd.it/e80x8nk16gth1.png?width=680&format=png&auto=webp&s=868c10a2b9bd3e92fa17b365136da501863bf069

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u/ansi09 — 11 days ago
▲ 2 r/solana

Introducing Solana Scholars: Funded, 3-month Research Internships For PhD Students

Source: https://x.com/solana_devs/status/2105361918437589371

Introducing Solana Scholars: funded, 3-month research internships for PhD students.

Scholars in the program will work directly with Solana engineers on consensus, networking, cryptography, and economics.

Application and information about the program can be found here: https://solana.com/scholars

https://reddit.com/link/1wufurs/video/lythhf30wpsh1/player

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u/ansi09 — 15 days ago
▲ 2 r/solana

$BE, From Bloom Energy Corporation, Is Now Listed On Solana Via Sunrise, Issued By Backpack Securities

Source: https://x.com/sunrise/status/2105312823412916621

$BE is now listed on @Solana via Sunrise.
Issued by @Backpack Securities.

https://preview.redd.it/e0vemxfvupsh1.png?width=539&format=png&auto=webp&s=c6f50398f0ad3de5c6aa9c50605d0f3d9962a677

$BE Solana contract address (via Sunrise):
BEBVfXZ8uCxRBuunEbW9wcq9r7W9ySNo14oJBJkDgpZx
This is the canonical $BE on Solana.

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u/ansi09 — 15 days ago
▲ 2 r/solana

Decrypt Media And Myriad Markets Introduce The Information Exchange On Solana

Source: https://x.com/solana/status/2105338390279573671

BREAKING: @DecryptMedia and @MyriadMarkets introduce The Information Exchange on Solana

Source: https://x.com/DecryptMedia/status/2105335580338909651

https://preview.redd.it/xwhcnhxn9psh1.png?width=680&format=png&auto=webp&s=6bcb40c48738e75806463626214cffc297a2d416

Introducing The Information Exchange on Solana, Powered by Decrypt and MYR

Decrypt is the destination, Myriad is the infrastructure and MYR is the token for a connected media ecosystem.

In brief

  • Decrypt is evolving into The Information Exchange, aa financial and intelligence market powered by the MYR token.
  • The Information Exchange brings together news, data, market prices, probabilities and direct participation in a connected media ecosystem.
  • MYR is the shared economic coordination layer of The Information Exchange.

Information has always moved markets.

People consume information to understand the world, form a view of what will happen next and decide how to act. But the systems through which people become informed have historically remained separate from the systems through which they participate. We believe that division is ending.

Today, we are announcing The Information Exchange: an information and financial network bringing together news, data, market prices, probabilities and direct participation around the subjects people care about. Brought to you by Decrypt, powered by Myriad and the MYR token.

Decrypt Media Homepage

A person following Bitcoin should be able to understand what happened, see what the asset is doing and understand what markets believe may happen next and act directly. The Information Exchange will combine products we build with products we integrate. Decrypt will provide trusted information and global distribution. Myriad will provide the technology connecting information to financial participation. Solana will provide the high performance on chain environment through which a new generation of users can participate. And MYR will serve as the coordination layer connecting users, creators, traders, publishers, liquidity providers, applications, data providers and autonomous agents.

News + Data + Markets + Prediction + Participation

This is the next evolution of Myriad and the idea toward which we have been building all along.

Why now

Historically, readers learned about assets through publications like Decrypt, then moved to exchanges and trading apps. Every step introduced more friction. The context of the original story was lost, the publisher’s relationship with the reader ended and the financial value created by that attention accrued to another platform.

Financial products are increasingly composable and can be integrated into the applications where users discover them. A Decrypt reader should not need to leave an article and reconstruct the context of a trade. The opportunity to act can exist alongside the information that created the conviction.

>“Solana gives Decrypt the speed, low costs and expanding financial ecosystem needed to embed participation directly into the information experience.”

Solana Dashboard

Information is becoming machine-readable, markets are becoming programmable, and the distance between an event and an economic response is collapsing. This convergence, media, markets and machine intelligence is what makes The Information Exchange possible now.

Why us

For eight years, we have been building around information and the communities that give it value.

Decrypt was created to help people understand fast changing financial and technological system. It has grown into one of the largest crypto-native media platforms.

Rug Radio began from a different place. It showed that Creators and community members could participate in the media they helped make, contribute to its distribution and share in the culture and value surrounding it. Its audience is deeply crypto native.

Folding Rug Radio into Decrypt brought that native perspective together with the reach and authority of an established newsroom, reaching approximately 1.6 million monthly unique users and 3.7 million monthly page views, with more than 73,000 active newsletter subscribers and has generated of hundreds of millions of impressions through social platforms and syndication.

AI Situation Room

Myriad developed a third audience: active market participants who have already demonstrated that they will move directly from information to action when presented with a compelling product.

These audiences are three points on the same participation curve from understanding, to discovery, to conviction, to execution.

Prediction markets were the proof

Myriad Prediction Markets began as an experiment in whether an information audience could become a market network. Prediction markets were the natural first instrument because they are one of the purest ways to financialize information.

Decrypt Predict

The important question for us was not whether people wanted another place to trade predictions. It was whether people consuming information could become active market participants within the same experience.

More than $600 million in prediction market volume later, the answer is clear.

Along the way, we deployed Myriad across several ecosystems, experimented with automated market makers and order books, built a wallet and developed our own market infrastructure. Not every strategy worked as intended. At times, we optimized for becoming a conventional prediction market venue instead of concentrating on the larger relationship between information and participation.

But the underlying experiment succeeded. We built a new financial product from the ground up, distributed it through an existing information network and proved that passive content consumers could become active market participants.

Prediction markets were not the destination. They were the proof.

The Information Exchange

Prediction markets are one financial expression of information. They will not be the last.

The Information Exchange expands the model across the broader financialized internet. Its fundamental unit is not an article, a token or a trade. It is the subject.

The Trenches / Memecoin Situation Room

Myriad can assemble reporting, data, market prices, probabilities and opportunities to participate. Those opportunities will include:

  • Prediction markets
  • Spot markets
  • Perpetual futures
  • Structured event products
  • New financial instruments

We do not need to manufacture every financial product we distribute. Myriad will continue to provide native market infrastructure while also integrating products from third party protocols and exchanges. The objective is to become the information and participation layer through which people discover, understand and interact with markets.

Supporting our continued media growth will be our in house agentic media operating system: designed to identify emerging subjects, organize data, curate intelligence, assist content production and connect relevant financial products to the infograph.

AMOS - Agentic Media Operating System

The MYR Token

MYR is the shared economic coordination layer of The Information Exchange.

MYR can be staked by participants responsible for secured network functions, including information verification and market resolution.

Applications, professional trading systems, data consumers and autonomous agents can stake MYR to access scarce network resources. These may include higher API throughput, low-latency market data, probability feeds, resolution infrastructure, programmatic market creation, execution services and premium intelligence.

MYR will also align the people supplying information, distribution, capital, liquidity and computation. Holders and stakers will receive benefits such as reduced transaction costs, enhanced data access and premium products or services.

Economic activity across The Information Exchange will generate revenue. Portions of network economics will be directed toward open-market acquisition of MYR, supply reduction (Buyback + Burn), staking incentives, network rewards, treasury funding and ecosystem development.

This creates demand connected to the use and growth of the network rather than to speculation alone. The purpose is not to attach a token to a collection of unrelated products. It is to give an expanding information network a common economic language.

One token, infinite possibilities

The history of Decrypt, Rug Radio and Myriad is the history of one idea becoming clearer.

The Information Exchange brings our accrued capabilities together. Prediction markets remain central to it because probabilities are among the clearest and most useful expressions of collective belief. But they are one product within a much larger opportunity.

We are building a network in which people can understand what happened, see what markets believe happens next and participate directly; a network in which creators and publishers can share in the financial activity their information produces.

In a world where everything is being financialized, including attention itself, people should be able to benefit from what they know and participate in the markets their activity helps create.

This was the founding purpose of Myriad. Everything we have built and learned has brought us back to it.

One network for information and participation. One unifying technical layer. One token connecting every product and every participant.

Expect a staggered product rollout over the coming weeks, leading into Solana Breakpoint.

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u/ansi09 — 15 days ago
▲ 5 r/solana

Capital Markets - Capital And Chain #16: Solana ETFs Draw $188.2M, Kamino Launches Fixed Rates

Source: https://x.com/capitalmarkets/status/2105195462592757815

https://preview.redd.it/14t3vaii0osh1.png?width=680&format=png&auto=webp&s=0c05b588561ba06d4ccef22127ee59d7e50c4108

U.S. Solana ETFs drew $188.2 million through public markets this week. Onchain, Kamino launched fixed-rate borrowing and Centrifuge expanded access to an actively managed U.S. high-yield bond strategy.

Pyth began distributing Nasdaq Basic, Agora received preliminary conditional approval to organize as a national trust bank, and CADD expanded to Solana. Stablecoin supply reached $17.3 billion, RWA value passed $4.6 billion across more than 3,000 assets, and addresses holding tokenized equities crossed one million.

Spotlight

Fixed-rate credit expands on Solana

Kamino launched fixed-term borrowing, while Centrifuge added an actively managed U.S. high-yield bond strategy.

Kamino launched Fixed Rates in collaboration with Hastra and Figure. The first product is an AUTO/wYLDS Fixed Rate Multiply vault with rolling 30-day terms and a 5.3% fixed borrowing rate. The product originated $10 million in AUTO fixed-rate loans within its first 72 hours.

Kamino ↗

Centrifuge made HYB available on Solana, giving eligible investors access to an actively managed portfolio of U.S. high-yield corporate bonds run by New York Life Investments. Subscriptions and redemptions settle in USDC.

Centrifuge ↗

The launches expand two established areas of Solana’s credit market. Kamino provides a fixed cost of capital for a defined term, while HYB provides onchain access to an externally managed corporate-bond portfolio.

Number of the Week

Weekly net inflows into U.S. Solana ETFs cross $188M

https://preview.redd.it/uanb2wgm0osh1.png?width=680&format=png&auto=webp&s=7fa4579a1e4b6ed8fcd333c51a514d0c50087312

U.S. Solana ETFs recorded $188.2 million in net inflows from September 21 to 25, the second-highest weekly total including launch week.

Bitwise’s Solana Staking ETF led with $128.5 million, accounting for approximately 68% of the weekly total. All seven tracked Solana funds recorded net inflows during the week.

Farside ↗

News Bites

Market Infrastructure

Pyth becomes an external distributor of Nasdaq Basic

Pyth now distributes Nasdaq Basic through the Pyth Data Marketplace. The product includes Nasdaq’s best bid and offer, plus last-sale data from Nasdaq venues and the FINRA/Nasdaq Trade Reporting Facility.

Clients license Nasdaq Basic directly from Nasdaq and require Nasdaq’s prior written approval to receive the feed through Pyth.

Pyth ↗

Agora receives preliminary OCC approval

Agora received preliminary conditional approval from the Office of the Comptroller of the Currency to organize Agora National Trust Bank.

The preliminary approval advances Agora through the national trust bank charter process and is subject to the OCC’s customary preopening requirements.

Agora ↗

Altitude adds four local payout markets

Altitude added local payout rails for the United Kingdom, Mexico, Brazil and Colombia. Altitude account holders can use domestic payment systems to reach recipients in each market.

Altitude ↗

Products and Distribution

Backpack adds dividend processing for securities

Backpack added dividend processing across its stock and ETF products. Eligible traditional securities held through Backpack Securities receive cash dividends, while dividends on tokenized securities are automatically reinvested into additional tokenized shares.

Backpack ↗

New tokenized equities listings on Solana

The Global X Copper Miners ETF ($COPX), Global X Uranium ETF ($URA), and ProShares UltraPro Short QQQ ($SQQQ) launched on Solana through Sunrise, issued by Backpack Securities.

Sunrise ↗

CADD expands to Solana

Tetra Digital Group expanded CADD to Solana, its fourth supported network. The fully backed Canadian-dollar stablecoin supports payments, transfers, treasury operations and settlement.

CADD ↗

Reflect opens eHYUSD risk-market pre-deposits

Reflect opened capped pre-deposits for a risk market built on Hylo’s yield-bearing eHYUSD stablecoin. The market divides eHYUSD exposure between a protected tranche and a higher-yield first-loss tranche. Pre-deposits are capped at $300,000.

Reflect ↗

By the Numbers

  • $17.3B, Stablecoin supply on Solana reached a new all-time high
  • $4.6B+, Total RWA value on Solana reached a new all-time high
  • 3,000+, More than 3,000 real-world assets are available on Solana
  • 1M+, Addresses holding tokenized equities crossed one million
  • $160M, xStocks recorded $160 million in one day, its highest daily volume on Raydium

Follow-on Indicators

Kamino originated $10 million in AUTO fixed-rate loans within 72 hours. Subsequent 30-day terms will add data on repeat borrowing, available liquidity and pricing across fixed-rate markets.

U.S. Solana ETFs recorded their second-highest weekly inflows including launch week, led by BSOL. Subsequent fund flows will show how demand develops across the seven available products.

Solana’s record $17.3 billion stablecoin supply provides a larger base for payments, settlement and credit activity. Transaction volumes and capital deployment will show where that liquidity is being used.

Subscribe

Capital & Chain covers institutional activity across Solana each week.

Subscribe to receive the next edition.

Forwarding is welcome for colleagues who should have it on their radar.

Until next Monday, The Capital Markets desk

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u/ansi09 — 15 days ago
▲ 6 r/solana

Onchain Private Trading Is Live On Solana With Sirius Protocol

Source: https://x.com/Sirius_Protocol/status/2104965183143899208

Onchain trading has a problem: everyone can see your trade. Sirius fixes that.

→ Hundreds of perp + spot markets
→ Deep liquidity, fast fills
→ Your positions off the public feed
→ Every trade proven on @solana

You see everything. Nobody sees you.
Reply "in" for access.

https://reddit.com/link/1wu4a7i/video/b6v1ij3pnnsh1/player

reddit.com
u/ansi09 — 15 days ago
▲ 4 r/solana+1 crossposts

$ZAMA, From Zama, Is Live On Solana Via Sunrise

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u/BullishReversal — 21 days ago
▲ 1 r/solana

Centrifuge Launches $HYB On Solana

Source: https://x.com/solana/status/2103130461879066667

BREAKING: @centrifuge launches $HYB on Solana.
Actively managed US high-yield corporate bonds, with the strategy run by @NYLIManagement.

https://preview.redd.it/k14clkgsbhrh1.png?width=680&format=png&auto=webp&s=8c9cebb5afde447288f0757a900bbdf1ddf6b008

@NYLIManagement manages $838B in assets. A top 30 asset manager globally, with a strategy now live on Solana.
Solana's RWA market has grown from $1.5B to $4B+ this year. Read more:

Source: https://x.com/centrifuge/status/2103125665361084869

$HYB is now available on @solana.

Fixed income onchain is starting to look more like fixed income offchain: a broader mix of duration, credit risk, and return profiles rather than a market dominated by cash management.

$HYB extends that mix into actively managed U.S. high-yield corporate bonds, with the strategy managed by u/NYLIManagement.

A wider range of fixed-income strategies is emerging as Solana’s RWA market scales quickly, from $1.5B at the beginning of the year to more than $4B in August, with 350,000+ addresses now holding tokenized assets.

https://reddit.com/link/1wp3epb/video/2qz8nvjybhrh1/player

reddit.com
u/ansi09 — 21 days ago