Tokenized stocks are gaining traction across lending, yield, and trading platforms, with Kamino Lend leading at $38.1M in deposits.
DeFi & Yields ·
Tokenized stocks have begun circulating across multiple blockchain platforms focused on lending, yield generation, and spot trading. Kamino Lend holds the largest share of activity with $38.1 million in deposits, trailed by Fluid Jupiter Lend at $19.5 million, Pendle at $13.8 million, and Uniswap v4 at $13.4 million. These platforms span different use cases—from secured lending arrangements to decentralized exchanges and yield protocols.
The distribution across venues suggests tokenized stock exposure is not concentrated in a single application or protocol type. Whether this spread reflects genuine user preference across distinct strategies, or simply early fragmentation before consolidation occurs, remains unclear. No information is available about the underlying assets, lock-in periods, or whether these figures represent net deposits or gross inflows.