Traditional capital markets coming onchain: AMA recap with SoloTex

As the RWA tokenization industry continues to boom, compliance remains a core concern, alongside the question of which platforms can effectively serve both retail and institutional investors and whether they originate from Web2 or Web3. During a recent Cointelegraph AMA session on X Spaces, Richard Johnson, founder and CEO of Texture Capital, joined Mike McCluskey, CEO of Sologenic and Coreum, to share insights on the upcoming launch of SoloTex. The project aims to connect crypto users to traditional financial markets.

Tokenizing US stocks and ETFs [Brought to you by @realSologenic] https://t.co/RldIBnGky7

— Cointelegraph (@Cointelegraph) March 19, 2025

“The crypto industry is driving the financial markets right now. The Nasdaq is an example, as they’re looking at 24-hour trading,“ said McCluskey. “There are about half a billion crypto holders in the world, and some of them are Gen Z, who don’t typically focus on traditional financial investments. With SoloTex, we’re giving them the opportunity to invest in other assets and ultimately have the same opportunities they have with crypto.“

Currently available for waitlist sign-ups, with a launch anticipated this summer, SoloTex is the product of a collaboration between RWA tokenization platform Sologenic and US-based regulated broker Texture Capital. Built on XPR Ledger, Sologenic has a base of 300,000 users, offering a DEX, a wallet and a decentralized bridge that facilitates crosschain interoperability for XRP Ledger assets via IBC.

“Our goal is to essentially flip a switch and allow those users and beyond to have access to SoloTex,“ McCluskey explained. Joining the discussion, Johnson added, “So, yes, Sologenic brings the Web3 community and blockchain expertise, and Texture comes in here very regulated but focused on digital assets.“

Trading will be rolled out in phases, according to the speakers. “We’re starting with the basics — trading stablecoins, tokens representing public stocks and exchange-traded funds (ETFs). Then the possibilities are almost endless — developing full portfolios, launching ETFs and mutual funds and other things.“

“For retail traders, the goal is to keep assets onchain. One of the pain points that we hear from them is that they don’t want to go on-ramp and off-ramp every time they invest in a stock. So with SoloTex, they’ll be able to invest in the same assets within their crypto wallet,“ McCluskey said.

“We want to push the envelope a little bit further and bring as much DeFi innovation to traditional capital markets as we can,“ Johnson clarified. “At the same time, we want to remain flexible, especially as new regulations may come down the road.“

The platform primarily caters to retail investors, but SoloTex isn’t ruling out working with institutions. “Institutional players are showing interest in tokenized funds for use cases such as collateral, while retail users want to interact with stocks and ETFs,“ Johnson said.

“There could be a B2B opportunity for SoloTex, as we can be a service provider for crypto exchanges interested in offering tokenized stocks to their end-users,“ McCluskey added.

“The equity markets used to be very separate from crypto. But now we have the same market makers trading both asset classes, both retail and institutional investors adding crypto, private equity and private credit to their portfolios. And we believe that everything will eventually go onchain. And that’s our mission — to help make that happen,“ Johnson concluded.