Remora Markets Launches Tokenized Stocks on Solana

- Remora Markets was formerly a product of a startup named Moose Capital, which was acquired by the Solana ecosystem data analytics platform Step Finance in December 2024. The acquisition included Moose Capital's team and regulatory licenses, with a planned launch in the first quarter of 2025. - The platform is not limited to equities; in January 2026, Remora launched five new Real World Asset (RWA) tokens on Solana for gold, silver, platinum, palladium, and copper. - In its first month of operation, Remora Markets achieved $3.5 million in assets under management (AUM) with over 1,800 wallets trading on the platform. The platform saw cumulative trading volume reach $110 million within the first three months. - Remora Markets has an official partnership with the decentralized exchange DeFiTuna to provide liquidity and trading support for its tokenized assets. - The project has stated there will not be a Remora token; instead, all revenue generated from the platform will be used for STEP token buybacks. - Initially, the platform is focused on institutional clients who must undergo a Know Your Business (KYB) verification process, with plans to open up to retail users at a later date. - The tokenized stocks are fully composable as standard SPL tokens, allowing them to be integrated into various other DeFi protocols on Solana for activities like lending and borrowing. - Remora Markets is entering a competitive space on Solana, with xStocks being another significant player in the tokenized equity market, which collectively accounts for over 95% of the total tokenized stock trading volume on decentralized exchanges.