$111M of tokenized stocks now deposited across 15 DeFi applications

Wall Street stocks are showing up in places their issuers probably never imagined. Roughly $111 million worth of tokenized equities are now sitting inside 15 different DeFi applications, spread across lending protocols, liquidity pools, and yield-trading platforms. The biggest beneficiaries: Kamino Lend, Fluid Jupiter Lend, Pendle Yield Trading, Raydium’s concentrated liquidity market maker, and Uniswap v4. Together, these five platforms account for the vast majority of tokenized stock activity in decentralized finance. Solana is leading the charge The Solana ecosystem has become the center of gravity for tokenized-stock lending. The total value locked in Solana’s tokenized-stock lending protocols hit an all-time high of approximately $53 million in late July 2026, up from $23.1 million just weeks prior. Kamino Lend is the dominant player by a wide margin, controlling about 82.6% of Solana’s tokenized-stock lending market. At peak, that translated to over $31 million in collateral. Across the broader $111 million ecosystem, Kamino Lend accounts for roughly 30.8% of all deposits. Fluid Jupiter Lend comes in second at approximately 14.7%, followed by Pendle Yield Trading at about 13....