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🔥BULLISH

Tokenized Equities Hit $3B Weekly, but DeFi Use Stays at 5%

Lending and collateral use of tokenized equities grew tenfold in the past year, Grayscale says, but the broader onchain-finance layer is still mostly empty. The unlock is U.S. regulatory clarity.

Grayscale's monthly research note found tokenized equity weekly spot volume peaked near $3 billion in August, a record high. Robinhood Chain, BNB Chain, and Solana carried most of that flow.

Why it matters

The 5% figure is the real story. Almost all of the liquidity sits on the trading layer, while lending, collateral, and other productive onchain-finance applications remain thin. Grayscale noted a roughly tenfold increase in tokenized-equity use inside Solana-based protocols like Kamino and Jupiter over the past year, real growth, but from a tiny base.

What unlocks the next leg

U.S. regulatory clarity is the wedge. Today, tokenized stocks largely function as 24/7 trading wrappers with limited composability. Clearer rules, Grayscale argues, could turn the same assets into productive collateral inside lending markets, structured products, and onchain treasury reserves.

Source: [The Stack](https://www.grayscale.com/the-stack/tokenized-equities-have-found-liquidity-financial-utility-is-next)

Related tokens
$SOL $BNB

Frequently asked questions

  1. How much tokenized equity volume hit record highs in August?

    Weekly spot volume peaked near $3 billion, according to Grayscale's monthly research note, with most of the flow concentrated on Robinhood Chain, BNB Chain, and Solana.

  2. How much of tokenized equity supply is actually used in onchain finance?

    About 5%, Grayscale said. The rest sits on the trading layer as a 24/7 wrapper around a traditional share, while lending, collateral, and other productive uses remain limited.

  3. Which DeFi protocols use tokenized equities?

    Grayscale cited Solana-based lending protocols Kamino and Jupiter as the main venues where tokenized equity use has grown roughly tenfold over the past year.

  4. Why isn't more tokenized equity used in DeFi today?

    Grayscale pointed to limited U.S. regulatory clarity as the main bottleneck. Without clear rules, issuers and protocols treat tokenized stocks mostly as trading wrappers rather than productive collateral.

  5. What would unlock more onchain use of tokenized stocks?

    Clearer U.S. regulation, according to Grayscale, would let tokenized equities flow into lending markets, structured products, and treasury reserves instead of sitting purely on the trading layer.

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