Solana (SOL)

#solana 🫡

NEW: @solana-BASED PERP EXCHANGE @PhoenixTrade OPEN INTEREST HITS RECORD $8.8 MILLION\n\nIts open interest would need to grow ~1,100x to match @HyperliquidX’S $9.67 billion\n\nSOURCE: @DefiLlama - https://t.co/8ck4AlF52x https://t.co/cnMZgvmldc

RWA related panel talk - Professor Jung Yu‑shin, Sogang University - Miller, Whitehouse‑Levin Solana Policy Institute, Founder & CEO - Lu Yin (Lu Yin), Solana Foundation, Head of APAC 💡 1. Clear definition of RWA (by Miller) There is no single globally agreed definition of RWA, but Miller defines it as “tokenizing traditional assets by bringing them from off‑chain to on‑chain so they can be traded”. 🚀 2. Why is RWA hot right now? At least in the United States, the current stance toward crypto and digital financial rails is friendly. Traditional financial institutions are also following the government’s governance lead and are conducting various tests in line with regulatory and legal system improvements. The attitude of financial institutions that were once very skeptical of blockchain is changing. ⚖️ 3. US regulatory environment and election variables (by Miller) The SEC, CFTC and others are currently rule‑making, but the Clarity Act remains uncertain. The House has passed it, but Senate approval is the key. If the opportunity is missed due to this election and the bill does not pass this year, it could drift for the next decade. I personally estimate a 50% chance of passage. 🥊 4. Traditional finance vs crypto: Is there tension? In short, it’s not tension but complementary growth of the two markets. Under the Trump administration, there is a strong push to build institution‑ and payment‑centric infrastructure, and digital players like Visa and Mastercard are also building smart‑contract infrastructure. Lu Yin (Solana Foundation APEC) also says it’s hard to see tension. Crypto‑native startups that grew from 2020‑2024 are now being M&A’d by traditional finance players, and “licensing games” such as Western Union’s Solana‑based stablecoin launch or the JP Morgan‑BoA consortium are becoming more mature. 💵 5. Dollar tokenization and the inevitability of RWA Global M2 money supply is about $32 trillion, whereas stablecoins account for only a few tens of billions, just 1.5‑1.7%. In the future, as RWA necessitates recapturing dollar interest rates, dollar tokenization will accelerate. Based on an efficient and centralized infrastructure (Solana), RWA will gradually find its place. 🌏 6. APEC (Asia‑Pacific) market vs the decisive difference with the US The direction of the US SEC is clear. It is friendly to the US and wants USD to spread globally as easily as possible. In fact, about 98% of on‑chain transactions are USD‑based today. The US government, while enforcing regulations, provides “Flexibility” to create an environment for various tests, which has greatly helped the expansion of USD stablecoins. In contrast, stablecoins based on KRW, HKD, or SGD face considerable regulatory constraints and white‑list/black‑list rules remain vague. 🔮 Conclusion: The future of Cashleg and liquidity With technological advancement, once a regulatory framework is in place, anyone can easily tokenize various assets. Going forward, multiple players with secured liquidity (Cashleg) will intensify the flow of asset on‑chainization worldwide. 🔰 Personal thoughts I liked that the panel talk wasn’t overly focused on Solana. They gave a Solana bragging segment for the last three minutes, but that amount seems acceptable. Overall, because the moderator from Sogang University conducted the session in English, it was hard to grasp the intent behind the questions. The understanding of the ecosystem seemed high, but the language barrier was a drawback. (It would have been better in Korean, but the panelists were foreign…) Seeing the differences between the US and APEC, the likelihood of the Clarity Act actually passing in the US, and the fact that the US SEC is pushing for free use of USD on the blockchain, all provide insights that Korea needs to speed up. @solana @millercwl

Moody's is a 115-year-old rating agency. They launched on-chain credit ratings embedded directly into tokenized bonds on Solana.

solana:So11111111111111111111111111111111111111112 1H 👀 Made a lower low inside the breaker support.' Bulls want to see a break and hold above $71.78. https://t.co/KH0ocKTslp

A whale deposited 308,100 $SOL ($21.22M) into #Kraken and #Bybit, losing $16.06M The whale initially withdrew this $SOL from #Binance for $37.28M https://t.co/8Tko94u8F3 https://t.co/6Y8npcvmC4

[RWA tokenization, beyond “fractional investment”, becomes a war for global financial infrastructure] Today at Representative Min Byung‑deok’s congratulatory speech. Global and local RWA (real‑world asset) players such as Mirae Asset, Orca and the Solana Foundation gathered in one place. (Especially, the speaker lineup being centered on the Solana ecosystem intuitively shows the current market trend.) There is only one core point: “RWA tokenization is not merely a technology that splits assets for sale, but a process of institutionalization that rapidly expands trust”. The global market is now rapidly transitioning to blockchain‑based infrastructure, covering sovereign bonds, private funds, collateral interest, and inter‑institutional settlement. Tokenization of unlisted equity and collateral assets is changing the very scale of the market. In contrast, what about South Korea? Our country has high investor interest, solid securities infrastructure, and competitive technology. It is not lagging because of a “technology gap”. The real issue is “how to anchor technology into real infrastructure and attract the massive capital of the market”. By February next year, the full‑scale STO legal framework will be implemented. However, we must not remain at the “fractional investment” level of launching only a few products. Attractive assets such as content IP, gold, and commodities must come forward, and the supporting custody and settlement infrastructure must follow simultaneously. Moreover, investor protection and unfair‑trade prevention measures must mesh like gears so that a genuine “capital market” can open, trusted by global investors. How long must Korea’s digital‑asset industry remain trapped solely in exchange (distribution)–centric models? Growth driven by payment, settlement, and custody infrastructure is urgent. “If rules become outdated, the industry moves abroad. If the system lags behind market operation, opportunities flee across borders.” The system should be a ‘stepping stone’ for the industry, not a shackle that ties its ankles. Until the implementation decree takes effect in February next year, the government must meticulously refine the system, and the financial sector must complete the issuance, custody, and distribution infrastructure. In the global paradigm shift of RWA, we hope South Korea can win the competition for global leadership. 🔰Personal thoughts First, I believe that establishing a proper regulatory framework is essential to secure global leadership. Second, domestically, there is currently no foundation for issuing stablecoins. Although preparations are underway, progress is too slow. I hope that the expansion of events and awareness will accelerate the pace—this is my personal hope.

onchain summer. on SOLANA.