Tokenized equities locked as collateral on Solana's lending platforms have surged past $53 million, marking a fresh all-time high.
This milestone highlights a growing trend where stock and ETF tokens are not just held passively but actively utilized to secure loans in stablecoins like USDC. By using tokenized equity as collateral, investors can access liquidity without selling their holdings, avoiding taxable events and maintaining market exposure.
Main Platforms Fueling Growth
Kamino Finance leads this wave, holding over $31 million in tokenized equity deposits, while Jupiter Lend contributes close to $20 million. Together, they dominate this niche within the decentralized finance space on Solana.
Users deposit their stock tokens into these protocols and borrow stablecoins against them. Chainlink’s sub-second price feeds guard the system against sudden price swings, a necessity given traditional stock markets only operate during set hours. This continuous pricing helps reduce risks tied to tokenized assets.
In Q2 2026, Solana controlled approximately 96-97% of global on-chain tokenized equity trading volume, totaling $5.8 billion. The broader real-world asset market on Solana now exceeds $3.4 billion, supported by platforms such as Backed Finance, which offer compliant on-chain stock products for both retail and institutional users.
According to industry experts, this borrowing trend reflects real demand from asset holders who want liquidity but do not want to liquidate positions. The strategy helps avoid triggering capital gains taxes or missing out on potential stock appreciation.
Still, challenges remain. Tokenized equities introduce unique risks like corporate actions and dividends, which pure crypto collateral doesn’t face. Plus, 24/7 DeFi platforms must handle price gaps from traditional market closures on weekends and holidays, risking liquidation cascades in volatile events.
