Over $300M in tokenized stocks deposited into DeFi, up 2,451%

DeFi users have now deposited more than $300 million worth of tokenized stocks into on-chain protocols. That figure is up 2,451.5% over the past year. The numbers behind the surge The total value locked (TVL) in DeFi protocols for tokenized stocks reached between $248 million and $313 million across September and October 2026. Back in January 2026, that number sat somewhere between $15 million and $22 million. That works out to roughly 18-20 times growth in under a year. Measured year over year, some tallies put the increase at 1,961%, while the headline figure lands at 2,451%. Three blockchains did most of the heavy lifting. Solana held approximately $87 million to $96 million in tokenized stock deposits, while Robinhood Chain accounted for roughly $80 million to $98 million. BNB Chain came in third at around $36 million. Together, those three networks represent the bulk of DeFi TVL in the category. Who is winning and how the money is used On the issuer side, one name stands out. xStocks, which is affiliated with Kraken parent Payward, captured approximately 58% of tokenized stock DeFi deposits, or $111M spread across 15 protocols. xStocks also dominated lending TVL. Ondo is anoth...