Solana's number of tokenized stock holders exceeds 800,000 mark
In the past week, the number of tokenized stock holders on Solana has exceeded 800,000. According to Blockworks, as of September 12, the number of tokenized stock holder addresses was 801,439. At the beginning of the month, the number was only 424,894. In less than two weeks, it increased by 88%.
In order to more intuitively understand this growth rate, it took more than a year for this indicator to exceed 300,000 addresses. In just two weeks in September, nearly 400,000 new addresses were added.
The apparent reason for this growth can be attributed to the fact that retail investors have begun to focus on equity assets on the chain. However, the mechanism behind it points to other factors.
Launch the platform is distributing stock tokens
Last week (September 9), Pump.fun launched a custom trading pair feature. Creators can now issue currencies denominated in tokenized shares instead of SOL, and transaction fees for these currencies will be paid in stock tokens instead of SOL. Another launch platform, StockFun, also uses similar settings.
Introduce custom trading pairs
Publish Pump.fun tokens paired with tokenized stocks, mainstream assets, etc. on Solana.
Provides more diverse options, deeper liquidity and lower fees than other platforms.
September 9, 2026
Therefore, when a trader purchases a memin, transaction fees flow to tokenized Nvidia stock or S & P 500 index tokens, and the wallet is then counted in holder statistics. During this process, no securities trader intervened in the decision-making process. Equity exposure only appears as a by-product.
Money flows are growing much slower than the number of wallets
The supply of tokenized equity online reached a record $684 million, an increase of approximately 47% in about three weeks. In contrast, the increase in the number of holders is more significant in a shorter period of time.
If we calculate US$684 million divided by 801,439 addresses, the average holding amount per address is US$850. This shows that it mainly consists of fee allocation and smaller speculative buying, which is the result of the large-scale operation of the platform mechanism.
It should be pointed out that the number of addresses is not equal to the number of users. If a trader runs five wallets, he will be counted five times; and platform activity tends to generate new wallets rather than merge existing wallets. Therefore, the figure of 800,000 reflects more the breadth of distribution than the actual number of people.
Real listings continue to appear within the same window period
Nike launched on September 8 as a tokenized equity. Galaxy Digital will allow its shareholders to tokenize shares in Solana starting September 3, which falls into a different category because issuers are directly involved rather than having third-party packaging build synthetic exposure.
Both contribute the same holder count, and the flow of money in memoin continues to push this number higher. The real on-chain rights requirements are included in these 801,439 addresses, but they are also mixed with side effects caused by cost routing. The chart does not distinguish between the two, nor does the person citing the data.

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