Tokenizing Web2 Infrastructure: The D3, InterNetX, and Solana RWA Partnership

The tokenization of real-world assets (RWAs) has emerged as a defining trend in blockchain innovation, with Solana positioning itself at the forefront of this movement. A recent partnership between D3 Global, InterNetX, and Solana has catalyzed a seismic shift in the integration of Web2 infrastructure into Web3 ecosystems. By tokenizing over 46 million internet domains as RWAs via the Doma Protocol, this collaboration not only redefines the utility of digital assets but also underscores Solana's growing appeal to institutional investors. This analysis explores how scalable RWA integration-exemplified by this partnership-could serve as the next major catalyst for Solana's institutional adoption.

Bridging Web2 and Web3: The Doma Protocol's Role

The partnership leverages Doma Protocol, a blockchain designed specifically for tokenizing domains, to transform real .com, .ai, and .xyz domains into programmable, liquid assets on Solana. According to a report by , this initiative bridges the $360B+ domain market with Web3, enabling functionalities such as domain-backed lending, fractional ownership, and integration into DeFi protocols. By maintaining DNS functionality while tokenizing domains, the protocol ensures that these assets retain their utility as foundational elements of the internet.

InterNetX, a subsidiary of the IONOS Group and a major player in domain registration, brings its inventory of 22 million active domains and 24 million premium listings into the Solana ecosystem. This move democratizes access to scarce, revenue-generating internet assets, allowing users to trade premium domains as NFTs on Solana marketplaces or store them in wallets. The Doma Protocol's mainnet launch in early 2026 further solidifies this transition, positioning Solana as a hub for programmable infrastructure assets.

Solana's Technical Edge in RWA Tokenization

Solana's institutional adoption has been fueled by its technical advantages: high throughput (up to 65,000 transactions per second), sub-second finality, and low fees. These features make it uniquely suited for handling the high-frequency transactions required for RWA integration. As stated by , Solana's network now hosts nearly $700M in RWAs and $13.5B in total tokenized assets (including stablecoins) as of September 2025, reflecting a 500% year-over-year growth. This rapid expansion positions Solana as a formidable competitor to Ethereum, which still holds 55% of the RWA market share according to data from INX.

The partnership with D3 and InterNetX further amplifies Solana's role as a financial infrastructure layer. By enabling domain-backed financial primitives-such as lending and fractional ownership-the network expands its RWA ecosystem beyond traditional asset classes like real estate or commodities. This diversification is critical for attracting institutional capital, as it introduces a novel asset class with inherent scarcity and utility.

Institutional Adoption and Market Validation

Institutional interest in Solana has surged in 2025, driven by strategic partnerships with entities like Visa, Stripe, PayPal, Apollo, and BlackRock. These collaborations have transformed Solana from a blockchain for decentralized applications into a production-grade financial infrastructure platform. The network's institutional adoption is further evidenced by over 19 public companies holding 15.4 million SOL in treasuries and $4.3 billion in structured investments.

The market response to the D3-InterNetX partnership has been overwhelmingly positive. Solana's Total Value Locked (TVL) has surged by 54%, while its memecoin ecosystem expanded by 65% according to market analysis. Analysts project that these fundamentals, combined with institutional adoption and ecosystem growth, could push Solana's price toward $300 or even $500 by year-end according to market analysis. This optimism is underpinned by Solana's AI-driven tools and network upgrades, such as increased block size and RPS 2.0, which enhance its capacity to support large-scale financial applications according to Solana Compass.

The Road Ahead: Challenges and Opportunities

While the partnership represents a milestone, challenges remain. Regulatory scrutiny of RWA tokenization and the need for robust compliance frameworks could slow adoption. Additionally, competition from Ethereum and other Layer 1s will persist. However, Solana's technical agility and first-mover advantage in domain tokenization provide a strong foundation for sustained growth.

For investors, the integration of Web2 infrastructure into Web3 via Solana's ecosystem offers a compelling opportunity. By tokenizing domains-a $360B+ market-Solana is not only expanding its asset classes but also creating a bridge between traditional finance and decentralized systems. This partnership, coupled with institutional-grade infrastructure and a growing TVL, positions Solana as a key player in the next phase of blockchain innovation.

Conclusion

The D3-InterNetX-Solana partnership exemplifies the transformative potential of RWA integration. By tokenizing over 46 million domains, Solana is redefining the value proposition of Web2 infrastructure and accelerating its adoption in Web3. With institutional adoption metrics surging and technical capabilities unmatched, Solana is well-positioned to lead the RWA revolution. For investors, this represents not just a speculative play but a strategic bet on the future of digital finance.