Allfunds expanded its tokenized funds platform to Solana on June 23, opening its €1.8 trillion institutional network to on-chain fund distribution and settlement.
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Allfunds expands tokenized funds to Solana, targeting €1.8 trillion network
Allfunds, the European fund distribution platform, expanded its tokenized funds offering to the Solana blockchain on June 23, opening its €1.8 trillion institutional network to on-chain fund management.
"This integration allows institutional investors to access, trade, and manage tokenized fund shares directly on Solana, reducing settlement times and operational costs," a spokesperson for Allfunds said.
The Madrid-based firm administers €1.8 trillion in assets across more than 2,000 fund managers and 100,000 funds globally. Its tokenized funds platform, initially launched on Ethereum in 2024, now supports Solana as a second chain, leveraging the network's sub-second finality and transaction fees below $0.01 for high-volume fund distribution and settlement.
The expansion positions Allfunds to capture a share of the tokenized asset market, which Boston Consulting Group projects could reach $16 trillion by 2030. For Solana, the integration brings one of Europe's largest institutional asset administrators onto its network, potentially driving demand for SOL for transaction fees and attracting further traditional finance participation.
The move follows a broader push by traditional finance firms into blockchain-based fund distribution. BlackRock, Franklin Templeton, and Hamilton Lane have all launched tokenized fund products across various blockchain networks over the past two years. Allfunds' decision to add Solana support comes as the network leads all blockchains in real-world asset holders, according to on-chain data.
The Solana Foundation has been building institutional infrastructure beyond this deal. It signed a memorandum of understanding with South Korea's Toss Bank for blockchain-based remittance and settlement, and partnered with local firm Wavebridge to develop a KRW-pegged stablecoin designed for institutional applications.
The tokenized fund market is drawing institutional interest for operational efficiencies including faster settlement, reduced intermediary costs, and improved transparency through on-chain record-keeping. Allfunds' dual-chain strategy on Ethereum and Solana gives its fund manager clients optionality in how they distribute and settle tokenized shares.
This article is for informational purposes only and does not constitute investment advice.
[1] Allfunds expands tokenized funds platform to Solana, eyeing its €1.8T institutional network[2] Allfunds to expand tokenised funds to Solana[3] Solana Foundation and Toss Bank Sign MOU to Rebuild Korean Remittance Rails[4] Moody's Credit Ratings Are Coming for Tokenized Assets. What This Means For Solana Might Surprise You.[5] Solana tops all blockchains in real-world asset holders, reshaping tokenization's competitive map
