Solana sees $53M in tokenized equities deposited in lending protocols, hitting new all-time high

Tokenized equities deposited as collateral in Solana-based lending protocols have reached a new all-time high, crossing the $53 million mark. The milestone signals a broader shift in how tokenized real-world assets are being used in decentralized finance. Instead of just sitting in wallets as synthetic exposure to stocks and ETFs, these tokens are now being put to work as collateral, letting holders borrow stablecoins like USDC without selling their positions. Where the deposits are landing Two platforms are eating most of this market. Kamino Finance accounts for over $31 million of the total collateral, making it the dominant player by a wide margin. Jupiter Lend picks up approximately $20 million, rounding out the bulk of the activity. The lending mechanism itself works the way you’d expect. Users deposit tokenized versions of stocks or ETFs into these protocols, and in return, they can borrow stablecoins against that collateral. Chainlink Data Streams provide sub-second pricing to keep the whole system from blowing up. The oracles use price band mechanisms to ensure that collateral valuations stay accurate around the clock, which matters quite a bit when you’re lending against a...