As of November 3, 2026, users had deposited $130.5 million in DeFi protocols using stock tokens issued by Robinhood, Binance, and Coinbase. Robinhood leads with $69.0 million, followed by Binance with $36.5 million and Coinbase with $24.9 million. The funds are mainly being used as collateral in lending markets and in decentralized exchange liquidity pools. By late October 2026, the total on-chain value of tokenized stocks reached approximately $3.2 billion, while DeFi deposits exceeded $300 million. These products generally provide exposure to a stock’s price rather than the direct shareholder rights of a traditional brokerage account.
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