Alphaledger is updating traditional financial products with blockchain infrastructure and forging a path towards real world adoption of Solana tech in the process. The company, which recently completed Cohort 2 of the Solana Incubator and launched its flagship T12 Fund, has tokenized over $800 million in real world assets onchain, and holds the distinction of being the first company to record a municipal loan on Solana.
Distinctively, Alphaledger offers onchain financial services while operating as a regulated broker-dealer and transfer agent, which enables its unique positionality as a pioneer in onchain TradFi. This has already piqued the interest of financial services giants like Moody’s, with whom Alphaledger partnered to bring municipal bond ratings on chain, a first-of-its-kind integration that bridges the gap between TradFi and DeFi.
While the team is spearheaded by financial industry veterans, the company’s mission is rooted in a DeFi philosophy. “Today, when you buy stock, you don't really own it. It's actually held at a broker-dealer. You just get a statement," explains Manish Dutta, Alphaledger cofounder. "The broker-dealer can lend it out or do whatever they want with it. It's in their name, but in your books it shows you own shares."
Alphaledger's approach to securities flips this model toward sovereignty: "We want to provide a stock in your wallet, in your name. You have true ownership rather than just a statement. Therefore, a broker-dealer that helped you buy that stock cannot move it at any point for its own gains."
It's a technical distinction with major material implications. Instead of holding a claim on an asset through intermediaries, investors would hold the asset directly through blockchain infrastructure. That means no more worrying about whether your broker is lending out your shares or using them as collateral for their own trades. It also means you can plug your securities into the wider Solana economy.
Alphaledger envisions its Vulcan Forge platform as Solana’s native securities tokenization engine, bringing real stocks, bonds, and funds onto the Solana blockchain. “It leverages Alphaledger’s unique position as an SEC-registered broker-dealer, transfer agent, and investment advisor to deliver regulated securities onchain — all atop Solana’s high-performance infrastructure,” says Dutta.
This formidable offering is put to work with Alphaledger's flagship product, the T12 Fund, enables direct ownership for investors, streamlining the process by removing the broker-dealer layer. The fund targets through what Dutta describes as "an alternate income generating strategy that utilizes options strategies on VIX futures, option strategies across markets, currency strategies, managed futures, CDX and others." The fund fills a gap that's become obvious to anyone investing on-chain: "Today, on-chain investors have two options: low-yielding treasury funds, or highly volatile crypto projects," explains Dutta. “T12 offers daily liquidity with institutional-grade risk management, something that hasn't existed in the crypto space.”
Dutta's perspective was shaped by Alphaledger's participation in Cohort 2 of the Solana Incubator, where the traditional finance veteran got his first deep exposure to pure DeFi thinking. "Coming from TradFi, the biggest thing was seeing the world through a pure DeFi lens — folks coming with no hesitation, no baggage about the limitations of the existing system," he reflects. "Prior to the Incubator, I would have never considered a tokenized fund being used as a collateral instrument on a public DEX. It's incredible to see this decentralized ecosystem being built right in front of our eyes — it's the new financial system."
The incubator experience also highlighted how different parts of the Solana ecosystem could work together. "The ecosystem put together by Toly and Raj is incredible," Dutta says. "The question is: how do you thread these different parts as a cohesive unit? How do we take what we as an industry have learned from memecoins and apply it to real-world assets? How can we use that to leapfrog existing Wall Street infrastructure?"
For traditional finance professionals watching from the sidelines, Dutta's message is direct: "The investors are now on a public network, and it's time Wall Street wakes up. The longer they wait, the less access they'll have — because the market has moved on."
This isn't just competitive rhetoric. Capital is already flowing to blockchain-native platforms, and institutional investors are increasingly comfortable with on-chain assets. Alphaledger is positioning itself at the center of this shift by building the regulatory and technical infrastructure that traditional assets need to operate on public blockchains.
The company's tagline — "engineering yield for a new generation" — reflects both their target market and their approach. They're not trying to replicate traditional finance on blockchain, but rather building new financial products that take advantage of blockchain's unique properties: immutable ownership records, programmable settlements, and global accessibility to create more efficient financial products.
Alphaledger's bet is that the future of finance won't be traditional institutions grudgingly adopting blockchain technology, but rather blockchain-native companies building better financial infrastructure from the ground up. With over $800 million already tokenized and regulatory licenses in place, a suite of onchain securities products in the pipeline, and partnerships with some of the world’s most trusted financial institutions, they're well on their way to proving their thesis.