Tokenized equity assets in DeFi surged from $15–22M in January to $248–313M by October 2026, with xStocks commanding 58% of deposits.
DeFi & Yields ·
Tokenized equity assets in decentralized finance have surpassed $300 million in total value locked, marking a significant expansion from earlier in 2026. According to reporting, the sector grew from $15–22 million in January to $248–313 million by September–October, representing roughly a 15-fold increase over nine months.
The distribution of capital reflects concentration among leading platforms and asset types. xStocks holds nearly 58% of deposits across tokenized equity protocols, while the remaining capital splits between liquidity pools (65% of total) and lending mechanisms (28% of total). This allocation suggests investors are primarily providing trading liquidity and engaging in yield-generating lending rather than holding positions outright.
The trajectory indicates growing institutional and retail interest in tokenized real-world assets on chain, though the sector's durability and whether growth will sustain at this pace remain uncertain. The dominance of a single protocol also raises questions about competitive consolidation and diversification risk within the emerging category.