Tokenized credit on Solana climbs to a record $1.2 billion

Tokenized credit on Solana has hit a record $1.2 billion as of October 24, 2026. Less than two weeks ago, the figure was just clearing $1 billion for the first time. What stands out is where the money sits. About $595 million of it is deposited in lending protocols, which means these assets are being put to work rather than collecting dust. The numbers behind the record The $1 billion threshold fell around October 13, 2026. At that point, more than half of Solana’s tokenized credit was already deployed in lending venues. Eleven days later, the total had grown to $1.2 billion. Lending protocols still held $595 million, roughly half of the supply. Tokenized credit means loans and debt instruments from traditional finance turned into blockchain tokens. Think private credit funds, collateralized loan obligations (CLOs) and similar products. On a year-to-date basis, Solana added $476.3 million in tokenized credit. That is the highest figure of any chain. It also translates into a 41% share of total tokenized credit growth across all chains this year. A bigger real-world asset story Credit is one slice of a larger pie. The distributed real-world asset (RWA) market on Solana was valued at...