Over $300M in tokenized stocks deposited into DeFi, up 2,451%
RWA Signal Insight
StocksDeFi users have significantly increased their engagement with tokenized equities, with total deposits in on-chain protocols surging to over $300 million by late 2026. This represents a dramatic 2,451.5% year-over-year growth, as users shift from holding assets in wallets to deploying them in liquidity pools and lending markets. Solana, Robinhood Chain, and BNB Chain currently dominate the sector, collectively hosting the majority of the total value locked. The issuer xStocks, affiliated with Kraken parent Payward, has emerged as a market leader, capturing approximately 58% of all DeFi deposits. While the broader tokenized equity market has expanded to an estimated $3 billion to $3.8 billion, DeFi utilization now accounts for 6-8% of that total capitalization. This rapid adoption follows key mid-2026 product launches from major players like Binance and Robinhood. Despite this momentum, the market remains highly concentrated among a few issuers and networks, highlighting a reliance on specific liquidity providers to maintain stability.
Key points
- Tokenized stock DeFi deposits grew 2,451.5% year-over-year to exceed $300 million.
- xStocks controls 58% of DeFi deposits, totaling $111 million across 15 protocols.
- Solana, Robinhood Chain, and BNB Chain host the majority of tokenized equity TVL.
- DeFi usage now represents 6-8% of the $3 billion to $3.8 billion total market.
Background
Tokenized stocks are digital representations of traditional equity shares issued on a blockchain, allowing for 24/7 trading and fractional ownership. These assets are typically backed by the underlying securities held in custody, enabling them to be integrated into decentralized finance protocols for yield generation and collateralized lending.