Tokenized stocks deposited into DeFi protocols have reached $262.4 million year to date, according to data from Token Terminal. The figure represents approximately 1,690% growth from $14.66 million at the start of the year, with momentum accelerating in recent weeks.
The metric tracks tokenized equities actively deployed across DeFi venues—supplied as liquidity, used as collateral, or deployed in yield strategies. Idle tokenized shares held in wallets are not included in the total.
Liquidity Pools Dominate Holdings
Decentralized exchanges hold the largest portion of tokenized stocks, representing 58% of deployed capital. Uniswap V4 leads with $59.5 million, or 22.7% of the total, followed by Uniswap V3 at $26.7 million. Other significant DEX venues include Raydium, PancakeSwap, Aerodrome, and Meteora.
Lending protocols account for approximately 26% of total value locked, with tokenized equities posted as collateral. Kamino Lend leads this category at $54.1 million, while Fluid Jupiter Lend holds $14.2 million. Pendle yield strategies comprise an additional 13% with $33.7 million deployed.
Solana and Robinhood Chain Lead by Blockchain
Solana remains the largest blockchain for tokenized stock activity with $95.9 million, representing 36.6% of the total. Robinhood Chain follows closely at $79.9 million, or 30.5%, with nearly all of this activity appearing in September.
BNB Chain and Ethereum each hold approximately 13%, at $35.3 million and $34.7 million respectively. Base trails with $16 million deployed.
Crypto Treasury Stocks Dominate Asset List
Strategy's tokenized STRC preferred stock (STRCx) leads individual assets with $34.3 million deployed, followed by Forward Industries stock (FWDI) at $25.4 million and Strategy common stock (MSTRx) at $9.6 million. Crypto treasury stocks collectively account for approximately 25% of all tokenized equity deployment.
Mainstream equities are gaining traction. S&P 500 trackers SPYx and SPY hold a combined $30.1 million, while Nvidia tokens across two issuers total $15.6 million. Tesla's TSLAx sits at $6.2 million.
The tokenized stocks market spans 1,495 separate assets tracked by Token Terminal, with assets outside the top 10 comprising 48.9% of total deployment.
