The token of real-world asset (RWA) tokenization platform, Collateralize ($COLLAT) has soared more than 300% since May 17, following a repost of its product demo video by Solana Labs co-founder Anatoly Yakovenko.
According to selected price feeds, $COLLAT’s market cap rose from $20 million to over $82 million by May 20 2025. It has since cooled to around $62 million.
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Token Distribution & Supply
- Total Supply: Approximately 999.96 million COLLAT tokens.
- Circulating Supply: Self-reported at 999.96 million COLLAT.
Distribution:
- Collateralize Wallet: 10% (approximately 100 million COLLAT).
- Community: 90% (approximately 900 million COLLAT).
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Collateralize allows users to tokenize virtually any real-world asset – from baseball cards to real estate. The Solana-based protocol uses a dynamic bonding curve mechanism. Once an asset reaches its funding goal, it begins trading on the Meteora decentralized exchange (DEX), which has also audited Collateralize’s bonding curve program.
MILESTONE | @solana Now Commands Over 50% in Total DApp Revenue – @ethereum Declines Below 13%
A significant driver behind Solana’s revenue dominance is the explosive growth of memecoin platforms. https://t.co/HevX385rPZ @solana_daily @Definews_Info $SOL pic.twitter.com/ll6KFtfIZd
— BitKE (@BitcoinKE) May 16, 2025
The platform applies a 1% fee on all transactions and a 5% fee when assets migrate to Meteora, with an additional 15% directed to the Meteora liquidity pool.
“Tokenizing RWAs makes sense when it enables something that wasn’t previously possible – like liquidity, programmability, or broader access,” said Pierre Hoffman, Co-Founder of Collateralize, via Telegram.
“We’re starting to see early examples of this, especially with publicly traded RWAs like U.S. Treasuries or equities. That’s already a meaningful shift.”
However, Hoffman added, the bigger opportunity lies in private assets, which lack access to deep liquid markets.
“If we can bring those onchain – under proper frameworks and with transparency – we can let markets decide which ones are valuable enough to be traded, collateralized, and used,” he said.
“It feels early, but the fundamentals are lining up.”
Collateralize sees liquidity as a key advantage. In its pitch deck, the team notes that while the crypto market hovers around $3 trillion, the market for illiquid real-world assets is a staggering $750 trillion.
With 15% of the token migration fee earmarked for liquidity, the protocol aims to address this gap.
“Liquidity is a prerequisite for any asset to be useful onchain,” Hoffman said.
“In our model, a portion of each token purchase goes directly into a dedicated liquidity pool. This ensures that once an asset is tokenized, it’s also immediately tradable.
We don’t see this as an overhead cost, but rather as a structural feature – something that helps bridge the gap between illiquid, offchain assets and the fast, composable nature of DeFi.”
COLLAT is listed on several centralized and decentralized exchanges, including:
- Raydium: COLLAT/SOL pair with a 24-hour volume of approximately $ 10.8 million
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LBank: COLLAT/USDT pair with a 24-hour volume of approximately $ 9.7 million
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Meteora: COLLAT/SOL pair with 24-hour volumes of approximately $1.7 million
The majority of trading activity is concentrated on Raydium, indicating significant liquidity on this platform in the last 24 hours.
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