Tokenized Stocks in DeFi Top $300 Million, Up 25x in a Year

Tokenized stocks, or equities represented as blockchain tokens, deposited in decentralized finance (DeFi) protocols surpassed $300 million, up 2,451.5% from about $11.8 million a year earlier. Total value locked was $262 million a month before and $80.1 million at the start of 2026’s third quarter, reaching $265 million by September 30. Deposits span 20 issuers and 10 chains but are concentrated: Solana held $102.6 million, or 34.2%, while xStocks accounted for more than 39% with $102.6 million. After Binance made bStocks available in June and Robinhood Chain launched its public blockchain in July, Robinhood Chain rose to second place among chains for these deposits in roughly three months.