Solana Co-Founder Calls for Traditional Firms to Embrace Tokenized Stocks or Go Private
Anatoly Yakovenko argues that public companies must allow tokenized stock trading or exit public markets.
Anatoly Yakovenko argues that public companies must allow tokenized stock trading or exit public markets. Solana (SOL) is trading at ₹9,606 ($100.80), down 1.0% since this brief published. This is an original Token Times brief synthesising 2 outlets (Cryptopolitan, Coinfomania), plus live market data, as of Thu, 29 Oct 2026 18:00:01 UTC.
This stance highlights the growing tension between traditional finance and blockchain-based asset tokenization, with significant implications for corporate governance, market accessibility, and DeFi growth.
- Solana has processed over $100M in tokenized stock trades.
- Yakovenko believes tokenized stocks are crucial for market evolution.
- Public companies resisting on-chain trading face pressure to adapt or delist.
- Solana's DeFi TVL stands at $5.68B.
Cryptopolitan and Coinfomania both report that Solana co-founder Anatoly Yakovenko has called for public companies to embrace tokenized stock trading or consider going private. They agree that this stance reflects the growing importance of blockchain-based asset tokenization. However, only Coinfomania specifies that Solana has surpassed $100 million in tokenized stock trading, marking a significant milestone in DeFi growth. The outlets differ in their emphasis, with Cryptopolitan focusing on the philosophical argument for market evolution and Coinfomania highlighting Solana's achievement in the tokenized stocks space.
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- Robinhood CEO Calls for Clarity on Tokenized Stocks Amid 55% Crypto Revenue Drop
- Solana-Based Spout Raises $2M to Disrupt Traditional Margin Lending
- Solana Co-Founder Calls for Traditional Firms to Embrace Tokenized Stocks or Go Private — this brief
- Solana's Tokenized Commodities Market Hits $63.2M Record
Solana co-founder Anatoly Yakovenko has issued a strong statement advocating for the integration of tokenized stocks into traditional financial markets. He argues that public companies must adapt to the changing landscape of digital assets or face the possibility of withdrawing from public markets entirely.
Yakovenko's comments come at a time when tokenized stock trading is experiencing significant growth. According to Coinfomania, Solana has emerged as the first blockchain to process over $100 million in tokenized stock trades, underscoring its growing influence in the decentralized finance (DeFi) sector.
The debate over tokenized stocks is gaining momentum as more companies explore the benefits of blockchain technology for asset trading. While some firms are embracing this innovation, others remain resistant, potentially creating a divide between traditional and blockchain-based financial systems.
The broader context of this development is the ongoing evolution of DeFi and its impact on traditional finance. Solana's DeFi total value locked (TVL) currently stands at $5.68 billion, according to DeFiLlama, reflecting the platform's significant role in the DeFi ecosystem.
In the current market context, the total crypto market cap is $2.79 trillion, with 
Bitcoin up 0.88% in the last 24 hours. Solana's native token, SOL, is trading at $101.8, showing a modest 0.72% increase over the same period. The Fear & Greed Index sits at 51, indicating a neutral market sentiment.
Since this brief published about 13 hours ago, Solana (SOL) has moved from ₹9,701.15$101.80 to ₹9,605.85$100.80 — -0.98%.
The chart plots SOL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₹10,583.5 (about $100.80), down 0.7% over 24 hours. The rupee itself trades about 10.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 29, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Solana Co-Founder Calls for Traditional Firms to Embrace Tok — questions & answers
What is Solana's position on tokenized stocks?
Solana's co-founder believes public companies must allow tokenized stock trading or consider going private.
How much has Solana processed in tokenized stock trades?
Solana has processed over $100 million in tokenized stock trades.
What is Solana's current DeFi TVL?
Solana's DeFi TVL is $5.68 billion.
How much is 1 Solana worth in rupee today?
About ₹10,583.5 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $100.80. The rupee price moves with both SOL's US-dollar price and the USDT/INR rate; use our Solana in rupee page for any amount.
Has Solana's price moved since this brief was published?
SOL is down 0.98% since this brief first published — trading at ₹9,606 ($100.80) now versus ₹9,701 ($101.80) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cryptopolitan, Coinfomania, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.