Basalt
@BasaltProtocol
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Basalt is a highly efficient, collateralized stablecoin built on Solana
Joined October 2025
RWA's are winning. $120M AUM, 40k holders, tokenized S&P 500 is scaling fast. Basalt builds on SPYx, unlocking safe, dollar-pegged leverage on real assets. The RWA era on Solana is just beginning. 👀 @colosseum @solana
#Solana #ColosseumHackathon #BUIDL
Yesterday, S&P500 hit a fresh all-time high. Today, xStocks turns 120 days. We celebrate with our own ATH: $120M in tokenized equities, and 40k unique holders. No banks, no barriers. Just people and onchain finance. Now to double it, again.
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Tokenization is inevitable but scaling it requires institutions and composable DeFi rails. @BackedFi x @krakenfx is a major piece of that puzzle. At Basalt, we are focused on making tokenized equities productive capital for every user and protocol.
Tokenized equities need real infrastructure to grow. @BackedFi is becoming part of @krakenfx to elevate tokenized equities to a new level. Backed and Kraken have worked closely since the inception of xStocks, from idealization, to launch, to expansion. Every time we joined
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Another great Talent Hub wrapped up at @dogpatchlabs last Friday! Thank you to Javier Vicente Herrera for joining us and breaking down the fundamentals of gamification 👾 We were also glad to welcome a dozen new students from Trinity College Dublin! We’re back again next
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Dublin Demo Day was a movie! 🎥 Our @colosseum Side Track was a huge success, with 120+ in attendance & 37 projects pitching! 🔥 ⤵️ Watch the recap below
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Dublin Demo Day | Winners Announced! 👏 After an unforgettable evening of (37!) pitches at @dogpatchlabs, here are the winners of our @colosseum Side Track! A total of 10,000 USDC has been awarded, following an incredibly tight contest between teams solving real problems and
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1567 new products were submitted to the @colosseum Solana hackathon One of the biggest hackathons in history 🔥
The @Solana Cypherpunk Hackathon product directory is live! Cypherpunk was the largest crypto hackathon ever & one of the largest in tech history with 1,567 submissions. Winners + Colosseum accelerator founders will be announced at Breakpoint. Onward. https://t.co/pPDBeoW7tS
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Sharp elbows build empires This is a universal truth @solana founders and builders, I urge you to sharpen up
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Providing DeFi users with the safe and cheap leverage available by depositing low-volatility RWA's as collateral
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@jacobvcreech @colosseum We are building @BasaltProtocol (USDrw), a highly efficient, overcollateralized stablecoin on Solana. We should win because we enable DeFi users to access safe, cheap leverage backed by low-volatility real-world assets, bringing the $124T equity market to Solana.
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Closing into the last day of @colosseum! Nearly over the line. Few more hours left in the tenches. #Solana #ColosseumHackathon #BUID
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