Allfunds and Solana open Project Harmonia to tokenized funds until 24 October
Victoria Shinder2 min readThe Solana Foundation opened a request for proposals for Project Harmonia on 16 September, and the window is now past its midpoint: submissions close on 24 October 2026. The programme connects Allfunds, a fund distribution network, with tokenized funds on Solana. According to the foundation, Allfunds links more than 3,300 asset managers and financial institutions and had about 1.9 trillion euros in assets under administration at the end of June.
The idea is a two-way bridge. A tokenized fund distributed through Allfunds becomes accessible on Solana, and a fund already live on Solana becomes distributable through Allfunds, through a single integration rather than a separate route to market for each side. The RFP runs on two tracks. Track A is for tokenized funds already live on Solana and ready for distribution now; Track B is for funds still in development, admitted on a rolling basis over the next six to twelve months. Issuers, distributors and providers of supporting services can apply, and there are no admission fees. The first cohort is targeted to go live across the Allfunds network and Solana in the fourth quarter of 2026 and the first quarter of 2027.
The foundation frames distribution as the remaining obstacle for tokenized funds, which it says have moved from pilots to production, and cites more than 4 billion dollars in institutional real-world assets on Solana.
What it means
Tokenizing a fund is the easy half. Getting it in front of the banks, wealth managers and platforms that actually allocate client money is the hard half, and that is what a distribution network like Allfunds sells. The programme is an attempt to borrow that network rather than build one.
The claims here are the foundation's own, and the useful test comes later: how many funds join the first cohort, which distributors take them, and whether the flow runs both ways or mostly from traditional funds onto the chain.