Evaluating Blockchain Infrastructure for Institutional Finance: A Comparative Assessment of Scalability, Regulatory Compliance, and Financial Market Adoption (OpenAlex (recherche mondiale))

Summary

• Ethereum accounted for $12.3 billion of the $19.08 billion global market for tokenized real-world assets excluding stablecoins in early January 2026.p.5
• Ethereum maintained a 65.26% market share in the global tokenized real-world asset ecosystem as of January 2026.p.5
• Solana reached a record high of $873.3 million in tokenized real-world assets by the end of December 2025.p.4
• Solana experienced a 325% year-on-year growth in tokenized real-world assets compared to around $200 million at the start of 2025.p.5
• Unique RWA holders on Solana grew by 18.42%, reaching a total of 126,236 individuals.p.5
• Solana captured 4.57% of the global real-world asset market share by the end of December 2025.p.4
• J.P. Morgan facilitated a U.S. commercial paper issuance for Galaxy Digital Holdings LP on the Solana blockchain on December 11, 2025.p.6

Key insights

1. Ethereum remains the dominant blockchain for decentralized finance and institutional asset tokenization.p.4
2. Solana recorded significant growth in real-world asset tokenization, reaching $873.3 million by December 2025.p.5
3. Avalanche utilizes a configurable subnet architecture to support customized governance and regulatory compliance for financial institutions.p.6
4. Layer 2 networks including Arbitrum, Optimism, and Base expand Ethereum's transaction throughput while leveraging Layer 1 settlement security.p.4
5. Privacy-focused blockchain networks like Monero and Zcash face high regulatory barriers due to anti-money laundering and traceability requirements.p.4
6. The Solana Developer Platform launched on 24 March 2026 with enterprise adopters including Mastercard, Western Union, and Worldpay.p.5
7. The Financial Action Task Force highlighted in June 2025 that privacy-enhancing technologies present notable compliance challenges.p.6