Solana Foundation Chair Lily Liu: Tokenization Enters a "Supercycle," with Solana RWA Trading Volume Reaching Hundreds of Billions of Dollars

Odaily News – Lily Liu posted on X platform, stating that capital, assets, and ownership are migrating toward an always-on internet infrastructure, forming a long-term "tokenization supercycle." Tokenization is not just about putting assets on-chain; it changes the assets themselves, enabling value to be issued, held, financed, and traded in markets that never close. She noted that stablecoins have proven money can flow on-chain globally, financial institutions are pushing assets on-chain, blockchain infrastructure is beginning to meet the speed and cost demands of real economic activity, and AI economic agents require programmable money. When these factors converge, any value with clear ownership could potentially be tokenized, gaining broader distribution, financing, and trading channels.

Over the past year, RWA trading volume on Solana reached hundreds of billions of dollars, covering tokenized U.S. Treasuries, equities, and private credit; during the same period, stablecoin transfer volume surpassed $4.7 trillion. Liu said tokenization can also allow more investors to bypass geographic, minimum investment, and qualification restrictions, while enabling held assets to be used as collateral or generate yield. Although the on-chain market size still remains far below traditional markets, the related infrastructure could potentially reach 5.5 billion internet users globally in the future.