Solana (@Solana) had a busy week on the adoption front, with two high-profile integrations and growing activity in real-world assets (RWA). The market response, however, was muted: $SOL's price has not reflected the news, and its spot exchange-traded funds recorded a combined net outflow of $26.25 million over the period.

Bullish Names Solana as an Initial Tokenization Network

Bullish (NYSE: BLSH) named Solana, Aptos and Ethereum as the initial network partners for its equity tokenization services on November 3. The company said it plans to expand from Solana to Aptos and Ethereum, giving issuers a choice of networks for issuer-sponsored tokenized shares.

The announcement followed a demonstration at the New York Stock Exchange, where Bullish CEO Tom Farley and Equiniti CEO Dan Kramer showed the transfer of 61 million tokenized reserved Bullish shares on Solana, administered by Equiniti. According to Bullish, the transfer completed in seconds.

Solana already plays a central role in Bullish's tokenization plans. In May, Bullish said it had become the first NYSE-listed company to fully tokenize its own equity cap table, with BLSH shares issued as tokens on Solana. The company said it chose Solana for its sub-second finality, low transaction fees, trading activity and developer community. Bullish has also agreed to acquire Equiniti in a $4.2 billion deal expected to close in January 2027, subject to regulatory approvals, according to a Bullish press release.

Samsung Wallet Goes Live With USDC on Solana

Samsung also moved ahead with its stablecoin plans. The Solana Foundation said Stablecoin Account is now live in Samsung Wallet, allowing eligible U.S. Galaxy users to buy, hold, send and receive USDC on Solana directly in the app. Transfers settle on Solana.

The rollout follows an October 7 announcement that Samsung Wallet and Samsung Pay would support stablecoins on Solana across about 82 million U.S. Galaxy devices, as set out in a Solana Foundation press release. Solana is not the only network involved: FinanceFeeds noted that Samsung also named Sui as an infrastructure partner, and that actual transaction volumes will determine the commercial significance of the integration.

The device figure describes the potential reach of the feature rather than realised payment activity.

Market Reaction Remains Subdued

Despite the run of positive headlines, price action and fund flows have been weak. The spot SOL ETFs lost a combined $26.25 million over the week, while $SOL has yet to rally on the news. Tokenization and stablecoin integrations can take time to translate into network usage and fees, and investors may be waiting for evidence of sustained activity before repricing the token.

Sources

Bullish: Initial network partners for equity tokenization
Solana Foundation: Stablecoin Account live in Samsung Wallet
FinanceFeeds: Samsung and Solana stablecoin partnership