Tokenized stocks from Robinhood, Binance, and Coinbase attract $130.5M in DeFi deposits
RWA Signal Insight
StocksAs of November 3, 2026, users have deposited $130.5 million in tokenized stocks into DeFi protocols, signaling a shift toward active utility for these assets. Robinhood leads the market with $69.0 million in deposits, followed by Binance at $36.5 million and Coinbase at $24.9 million. These figures represent a portion of the $3.2 billion in total on-chain tokenized equity value recorded by late October 2026. The rapid adoption is driven by the integration of these tokens into lending markets and decentralized exchange liquidity pools, allowing users to earn yield or borrow against their holdings. Robinhood’s success is attributed to its vertical integration, having launched a dedicated Layer-2 chain specifically for its stock tokens in July 2026. While these products offer 24/7 access to US equity price exposure for international users, they generally do not confer direct shareholder rights. This trend highlights the growing role of tokenized equities as functional financial building blocks rather than passive digital assets. The market remains in an early stage, with significant potential for further migration of the remaining $3 billion in tokenized equity supply into DeFi ecosystems.
Key points
- Robinhood leads with $69.0 million in DeFi deposits, surpassing Binance and Coinbase.
- Total on-chain tokenized equity value reached approximately $3.2 billion by late October 2026.
- DeFi deposits for tokenized stocks across all issuers exceeded $300 million by October 25, 2026.
- Tokenized stocks primarily provide price exposure for international users rather than direct share ownership.
Background
Tokenized stocks are digital representations of equity price movements issued on blockchain networks. Unlike traditional shares, these tokens often function as synthetic derivatives that allow users to gain exposure to stock price fluctuations without the regulatory overhead of direct equity ownership. They are frequently utilized in DeFi protocols to provide liquidity or serve as collateral for loans.