Tokenized ETF and equity deposits into decentralized finance protocols have grown roughly 19 times over, reaching $67.6 million according to Token Terminal data. The surge stands out in a sector where deposits have otherwise plateaued or declined.
Investors are taking tokenized versions of real-world stocks and ETFs and deploying them within DeFi protocols to borrow against them or provide liquidity while maintaining their underlying positions.
Solana Leads Adoption
Solana hosts the majority of this activity, with tokenized equity and ETF deposits reaching $68.2 million as of August 11, 2026. This is more than four times the $15.5 million recorded on Ethereum during the same period. BNB Chain held $13.9 million, while Robinhood's chain logged $6.7 million.
At the protocol level, Uniswap V4 captured $59.1 million of tokenized stock total value locked, while Kamino Lend, a Solana-native lending market, holds $41.7 million.
Issuer and Product Breakdown
Robinhood's tokenized stocks generated roughly $73.1 million in DeFi deposits, with Backed Finance's xStocks product close behind at approximately $63.9 million. On the lending side specifically, xStocks accounts for 58% of all tokenized stock deposits into DeFi and 86.5% of related lending TVL as of mid-August 2026.
Broader Market Growth
Deposits of tokenized real-world assets across DeFi expanded from $2.3 billion to $7.4 billion year-over-year through Q2 2026. The total TVL for tokenized stocks specifically reached approximately $192.6 million by early September 2026.
Tokenized assets offer continuous trading compared to traditional equity markets, which operate roughly six and a half hours a day, five days a week. Fractional position sizes also enable smaller accounts to participate in positions that would otherwise require lump-sum purchases.
