Kamino Lend, part of Kamino Finance on Solana, now controls 82.6% of the tokenized stock lending market on the network, managing over $31 million of the $53 million total collateral as of late July 2026. This growth follows its 2025 integration of xStocks, tokenized equities like SPYx and AAPLx, allowing users to borrow stablecoins without selling their stocks. Despite this dominance, tokenized stocks still represent a small fraction (1.3%-2.8%) of Kamino's total deposits, with most activity focused on traditional crypto assets. The rise of tokenized stock lending offers a novel way for equity investors to gain liquidity without taxable sales, though it carries additional counterparty risks tied to the tokenization infrastructure.
- Kamino Lend on Solana now dominates the tokenized stock lending market with an 82.6% share, managing $31 million in collateral.
- The platform allows users to borrow stablecoins against tokenized equities like SPYx and AAPLx, offering liquidity without taxable sales.
- Despite its dominance in this niche, tokenized stocks represent a small portion of Kamino's overall deposits, and the market faces counterparty risks.
Topics: Asset types, Integration with defi, Alternative assets, Rwa collateral lending
Tags: #kaminolend #solana #tokenizedstocks #xstocks #spyx #aaplx #stablecoins #collateral #liquidity #counterpartyrisk