Solana is pitching itself as a one-stop venue for trading crypto, tokenized stocks and other real-world assets, with Vibhu Norby, the Solana Foundation’s Chief Product Officer, describing the network as "the Netflix or the Amazon of finance" at a recent Stanford event. The push comes as Solana’s RWA sector reached a record $3.9 billion in value across 2,676 assets and nearly 340,000 holders, while the broader network secures roughly $50 billion in assets and sees about $3.4 billion in daily trading volume. Backpack has added stock tokenization to its wallet, and Solana has rolled out native subscription and recurring payment functions aimed at a global billing market estimated at roughly $275 billion. The effort puts Solana in more direct competition with Ethereum for tokenized asset activity, but it also raises regulatory risk in the U.S., where rules around tokenized securities remain unclear; Backpack exchange has sought licensing in regulated jurisdictions, and SOL was trading near $76.