Approximately $111 million of tokenized equities are now deposited across 15 DeFi applications, primarily on Solana, where tokenized-stock lending TVL hit an all-time high of approximately $53 million in late July 2026, more than doubling from $23.1 million in just two weeks. Kamino Lend dominates with 82.6% of Solana’s tokenized-stock lending market and 30.8% of total deposits, followed by Fluid Jupiter Lend at 14.7% and Pendle Yield Trading at 13.8%. Users deposit tokenized versions of stocks like Apple (AAPL) or Tesla (TSLA) as collateral to borrow stablecoins while maintaining exposure to those stock prices. The $111 million figure remains tiny compared to US equity markets, but the rapid acceleration suggests growing demand for these DeFi products.
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