1. The revolutionary wave of a hundred billion market.
When Coinbase lists tokenized stocks as a 'key priority' and submits applications to the SEC, the capital market quietly opens a new era. Behind this is a giant market built on a global stock market value of $124.63 trillion and an annual trading volume exceeding $120 trillion. Based on a 1% fee rate, the trading segment alone contains a space of $35.5 billion.
But the real revolutionary breakthrough lies in: the high walls of traditional IPOs are collapsing under the impact of blockchain technology. Those small and medium-sized enterprises blocked from listing due to compliance costs and time losses are gaining equal participation eligibility for the first time through equity tokenization—private equity on-chain is moving from a technical fantasy to a commercial reality.
2. Fragmentation dilemma and full-stack breakthrough.
For small and medium-sized enterprises suffering from narrow financing channels, the most realistic appeal of equity tokenization lies in: the programmability of blockchain is transforming private equity on-chain into a quantifiable efficiency revolution. This transformation relies on the precise collaboration of three technological components:
Using physical equity as the underlying asset anchor.
Asset security guaranteed by regulated custodians.
Automated management achieved through smart contracts.
When technological architecture meets commercial practice, the core contradictions faced by small and medium-sized enterprises come to light: the cost of coordinating more than a dozen links such as custodians, law firms, and exchanges far exceeds the enterprises' tolerance limit. This is precisely the irreplaceable value anchor of the RWA accelerator—by integrating a 'compliance framework, smart contract templates, liquidity channels' trinity solution, it not only automates the processing of 90% of corporate actions like dividend distribution but also adapts in real time to regulatory sandboxes such as the US Reg S exemption and the Swiss DLT Act, allowing enterprises to avoid compliance pitfalls from multi-institution coordination. Industry data confirms that enterprises served by professional accelerators can compress the equity on-chain cycle to one-third of the traditional model.
3. The three-dimensional revolution of efficiency leap.
Tokenized equity is reconstructing the underlying logic of capital markets: for small and medium-sized enterprises with financing cycles lasting 6-8 years, blockchain compresses the issuance cycle to 18 months and expands the investor base; securities brokers, leveraging smart contract automation, avoid annual million-dollar losses caused by corporate action errors; while the most direct experience upgrade for investors is the leap from T+2 settlement to all-day real-time trading.
The maturity of the technological ecosystem injects nuclear power into this revolution:
→ Solana is promoting the implementation of equity tokenization technology in three directions.
1. Token Extensions allow KYC verification, trading limits, and other compliance strategies to be directly embedded in equity tokens.
2. A dual listing mechanism developed in cooperation with the Astana International Exchange (AIX) connects traditional exchanges with on-chain market asset interchange.
3. Achieving millisecond-level automated execution of corporate actions such as dividend distribution and stock splitting based on its 50,000 TPS high throughput architecture.
→ Ethereum continues to lead with compliant token standards.
1. The ERC-3643 standard has become the de facto norm for tokenized equity: solidifying regulatory requirements at the smart contract level through preset issuance rules (such as qualified investor thresholds) and investor rules (such as holding periods).
2. Currently holding 60% of the entire market's RWA assets, its security has been verified under the pressure of over $400 billion in on-chain assets.
3. Composability ecosystems allow equity tokens to seamlessly connect with DeFi protocols, releasing incremental liquidity for collateralized lending, etc.
When Solana's high-performance network collaborates with Ethereum's compliance framework, combined with the institution-level cross-chain protocol built on the platform, a new financial infrastructure supporting real-time settlement, embedded regulation, and global liquidity circulation is gradually taking shape.
4. The unresolved knot of equity mapping.
Although technological infrastructure is increasingly refined and equity tokenization has gained policy breakthroughs in multiple countries, small and medium-sized enterprises entering this field still need to fully understand its underlying structure and operating logic. Using the two major practical cases currently dominating the market as a mirror:
Exodus (EXOD) has received SEC approval for issuing on-chain stock tokens, but its design essentially strips away voting rights and dividend rights as digital identifiers. Users holding EXOD tokens only map the stock price fluctuations of listed companies and cannot trade or circulate directly on-chain, nor enjoy core shareholder rights.
Backed Finance adopts the Swiss DLT Act framework to issue bTokens (soon to be upgraded to xStocks): users pay USDC to mint tokens after KYC, and the platform purchases equivalent stocks in the traditional market as collateral. Although secondary market circulation is achieved through Solana, bTokens still only serve as price tracking certificates.
These cases reveal some structural characteristics of equity tokenization at the current stage:
Equity isolation: existing designs generally adopt a 'no governance rights' structure, allowing enterprises to open capital channels while retaining complete control over governance rights. For most small and medium-sized enterprises, this structure actually helps reduce the risk of control dilution during early explorations.
Privacy paradox: the computational bottleneck of zero-knowledge proofs (verification time increases by 30 times) and the EVM incompatibility of fully homomorphic encryption (FHE) force institutions to compromise between transparency and privacy protection.
Liquidity trap:
Insufficient depth of DEX liquidity pools.
Expanded retail access exacerbates capital mismatch risk.
When technology attempts to bridge the gap between traditional and innovative, the lag of regulatory frameworks becomes a core resistance, which precisely requires RWA accelerators to play the role of risk demolition experts: by designing dynamic collateral adjustment mechanisms (such as automatic margin additions after trading), selecting smart contract frameworks audited by CertiK, and embedding the 'token container' equity model of the German TVTG Act, opening safe channels for enterprises on the tightrope of compliance and efficiency.
5. The ecological collaboration path of the new compliance infrastructure.
With the Swiss DLT Act and Liechtenstein TVTG Act establishing a global compliance foundation, the integration of traditional financial tracks and public chains has become a fait accompli. The built-in support of smart contracts for KYC/AML rules further encourages traditional roles such as banks and transfer agents to actively embrace tokenized equity.
On the eve of this explosion, the core demands of small and medium-sized enterprises have shifted from 'Can we go on-chain?' to 'How to optimally go on-chain?'—decision-makers must penetrate the fog and first address three key propositions:
Regulatory adaptability: has the target market established a tokenization-friendly framework?
Equity design trade-offs: enterprises need to clarify the core demands of tokenized equity, whether to prioritize releasing liquidity premiums or partially retain governance structures to attract strategic investors.
Legal validity coupling: can the company's articles of association resonate legally with the automatic execution logic of smart contracts?
The RWA accelerator is becoming a key navigator—in the intersection of technical standards and regulatory frameworks, it customizes compliance paths for enterprises, connects liquidity resources, and designs equity retention models, ultimately transforming equity tokenization from a technical concept into a growth engine.
