Solana Labs’ Leap opens iPhone beta for tokenized markets

Leap, a Solana Labs company, launched an iPhone beta on Nov. 5 for trading tokenized stocks, ETFs, metals, currencies and crypto through Solana. The launch puts several types of tokenized assets in one mobile trading interface, while making access and the legal form of those assets key limits for users. In its launch announcement on PR Newswire, Solana Labs said the app is in early access through Apple’s TestFlight program.

How does Leap execute trades on Solana?

Leap’s spot trades execute as onchain swaps, according to the announcement. Users enter a dollar amount and confirm the trade with one tap; the app routes trades through Jupiter and uses Helius for infrastructure and Birdeye for market data. The announcement says Leap gives access to tokens across Solana, including tokenized stocks and ETFs, as well as commodities, currencies and crypto.

Those product details matter because Leap is a mobile interface to onchain markets, rather than a conventional brokerage account, according to the company. The announcement describes the listed stocks and ETFs as tokenized instruments and says they are not the underlying securities. It also says they are unavailable to U.S. persons and in certain other jurisdictions. Leap itself is unavailable in the United Kingdom and other restricted regions, so prospective users need to check local availability and eligibility.

What does Leap add beyond trade execution?

The app combines trading with market context and position tracking. Leap says its research team curates stories it considers relevant to markets and marks them on price charts at the time they broke. Its profit-and-loss calculation incorporates each deposit, withdrawal, trade and fee, and displays a breakeven price for each position.

That accounting approach is meant to show a position’s result after activity and costs rather than only its latest price movement. The announcement does not provide independent performance data or say how the research team selects stories. It describes the features as part of Leap’s effort to help users make more informed trading decisions.

What will trading cost, and where is the app available?

Leap says it does not charge its own fees at launch, though network and routing costs still apply and are shown before a trade. The company plans to use future fees to buy and burn SOL and fund a referral program; both are forward-looking plans, not launch features. The announcement says eligible early waitlist users could later receive a share of fees generated by referred traders, subject to program terms.

For now, the beta is available on iPhone through public TestFlight, with Android described as coming soon. The announcement does not give an Android release date or set out a full launch timetable. Leap was built by the team behind Dialect, which Solana Labs says it acquired earlier this year to develop the new business. Solana Labs chief executive Anatoly Yakovenko framed the product as a way to bring more types of markets onchain; whether traders adopt it will depend in part on its restricted availability, costs and the assets it can actually offer.

Sources and documents

• launch announcement on PR Newswire — prnewswire.com