Tokenized stocks in DeFi jump almost 18x to $262M across chains

TL;DR: Tokenized stock exposure actively used in DeFi reached about $262.4 million by September 30, up nearly 18x from roughly $14.66 million at the start of 2026. Distribution by chain: Solana around $95.9 million, Robinhood Chain about $79.9 million, Base close to $16 million. The metric tracks assets deployed in DeFi, not total tokenized equity outstanding.

Scale and growth

Assets linked to stocks and engaged in DeFi activity totaled approximately $262.4 million across multiple blockchains at the end of September, compared with around $14.66 million at the beginning of the year. The figure reflects usage inside DeFi protocols rather than the full market capitalization of tokenized equities.

Network distribution

Solana accounted for about $95.9 million of the measured total. Robinhood Chain held approximately $79.9 million. Base’s share was closer to $16 million. Growth spans several networks rather than concentrating on a single exchange or Layer 2.

Utility and risks

Once stock-linked tokens trade in automated markets or serve as collateral, holders can deploy positions in new ways. This introduces protocol risk and distinct liquidity conditions that differ from an ordinary brokerage account.

Legal structure and rights

Not all tokens convey direct legal ownership of underlying shares. Rights, redemption paths and eligibility criteria differ by issuer, which affects how exposures behave and settle.

Context

The $262 million deployed in DeFi remains small relative to conventional equity markets. Its significance: these assets are used for programmable financial activity rather than only as a blockchain-based wrapper for stock exposure.