Kamino Finance has officially crossed $1 billion in total Real-World Asset (RWA) market size, marking a significant milestone for institutional DeFi on Solana. This figure indicates that real-world assets now comprise approximately 35% of the protocol’s total liquidity, reflecting a major shift in user preference toward yield-bearing, off-chain collateral.

The growth is driven by strategic integrations with key institutional partners, including Securitize and OnRefinance (OnRe), which have introduced diverse asset classes ranging from tokenized securities to reinsurance-backed stablecoins like ONyc.

This development highlights the maturing infrastructure of Solana as a credible venue for traditional finance (TradFi) assets. By enabling users to collateralize operational loans and institutional credit products, Kamino is effectively merging permissionless lending with regulated financial instruments.

The rapid scaling of these markets—bolstered by risk managers like Allez Labs and Steakhouse Financial—signals that liquidity providers are increasingly seeking the stability of real-world yields over volatile crypto-native returns, positioning Solana as a competitive challenger to Ethereum in the RWA sector.