Tokenized stocks in DeFi vaults reach $262.4 million, up from $14.66 million in January
Tokenized equities deposited into decentralized finance protocols have surged to $262.4 million, up from $14.66 million at the start of 2026, a nearly 18x increase that signals institutional-grade collateral standards are taking hold on-chain. For institutional investors, the shift matters because a growing share of that capital now backs loans rather than sitting idle, a sign that lenders trust tokenized stock pricing and liquidation mechanics enough to extend credit against it.
- Tokenized stocks locked in DeFi protocols rose from $14.66 million in January to $262.4 million now, a roughly 1,690% year to date gain.
- Solana leads all chains with $95.9 million (36.6% share), while Robinhood Chain has climbed to $79.9 million (30.5%), almost entirely added in September.
- Lending protocols hold $68 million of tokenized stock as collateral, up from under $15 million in January, led by Kamino Lend at $54.1 million.
- $262.4M total tokenized stock TVL versus $14.66M in January
- 36.6% Solana’s DeFi share versus Robinhood Chain’s 30.5%
- 1,495 distinct tokenized stock assets tracked by Token Terminal
Tokenized stocks deposited into DeFi protocols have climbed to $262.4 million, according to data from Token Terminal first reported by Cryptopolitan. That figure stood at just $14.66 million on January 1, 2026, putting the year to date gain at close to 1,690 percent, or nearly 18 times, with most of the acceleration concentrated in the past month. The number excludes idle holdings: a tokenized Nvidia share sitting untouched in a wallet does not register, only capital actively supplying liquidity, posted as loan collateral, or deployed into yield strategies.
Uniswap V4 Captures 22.7% of DEX-Held Tokenized Stock
Decentralized exchanges hold the largest single slice of the market, with roughly 58% of the $262.4 million sitting in DEX pools where tokenized equities trade around the clock. Uniswap V4 leads with $59.5 million, or 22.7% of the total, followed by Uniswap V3 at $26.7 million. Raydium, PancakeSwap, Aerodrome and Meteora account for most of the remainder.
Lending protocols rank second at roughly 26% of total value locked, a share that carries more weight than its size implies. An asset only functions as usable collateral once lenders trust its pricing, liquidation triggers and redemption process.
Kamino Lend leads lending venues at $54.1 million, with Fluid Jupiter Lend adding $14.2 million, while Pendle’s yield strategies hold another $33.7 million, close to 13% of the total. The move from under $15 million to more than $68 million in lending-backed tokenized stock since January reflects growing confidence among lending protocols in tokenized equities as collateral.
Robinhood Chain Jumps to $79.9 Million in a Single Month
Solana remains the largest chain for tokenized stocks in DeFi at $95.9 million, a 36.6% share of the market. Robinhood Chain sits close behind at $79.9 million, or 30.5%, with nearly all of that volume appearing in September alone.
BNB Chain holds $35.3 million and Ethereum holds $34.7 million, each around 13% of the total. Base trails at $16 million.
Uniswap V4’s own trajectory mirrors the chain-level shift. For most of the year Kamino and Solana-based DEXs dominated the chart, with Uniswap V4 a thin sliver at the top, before its total value locked roughly doubled through September as Robinhood Chain activity accelerated.
STRCx Leads All Tokenized Assets at $34.3 Million
The single largest tokenized asset in DeFi is STRCx, a tokenized version of Strategy’s STRC preferred stock, with $34.3 million deployed. FWDI, tied to Solana treasury firm Forward Industries, follows at $25.4 million, and MSTRx, tokenized Strategy common stock, adds $9.6 million.
Crypto treasury stocks together account for roughly a quarter of all tokenized equity TVL, a concentration that reflects overlap between existing DeFi users and Strategy shareholders. Mainstream equities are narrowing the gap: S&P 500 trackers SPYx and SPY hold a combined $30.1 million, Nvidia tokens across two issuers hold $15.6 million, and Tesla’s TSLAx sits at $6.2 million.
Token Terminal tracks 1,495 separate tokenized stock assets in DeFi, and everything outside the top 10 still makes up 48.9% of total value locked. The float is wide, and most of it has been put to work within the past few weeks.
The CCS read. The lending share, not the headline growth rate, is the number that matters for allocators. Protocols only extend credit against collateral they can price and liquidate reliably, so $68 million in tokenized-stock-backed loans signals infrastructure maturity ahead of any broader institutional pilot, more than the 18x figure does on its own.
Whether this pace holds depends on Robinhood Chain sustaining its September surge and on whether lending protocols continue to extend tokenized equity collateral to more chains before year end.
