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Altcoins & DeFi

Tokenized Stocks in DeFi Top $300 Million, Up 25x in a Year

Image: Cryptopolitan

Tokenized stocks deposited in DeFi protocols have crossed $300 million, according to the latest data from Token Terminal . Last month, we covered the year to date growth here and, at the time, this number stood at $262 million. Tokenized equities being put to work in DeFi have now grown by 2,451.5% from a year ago, when deposits were at around $11.8 million. For months, the growth in this space was gradual until August came along. Deposits are now spread across 20 issuers and 10 chains. That said, the market is concentrated amongst a handful of names. The growth in tokenized equity holders pledging their assets as collateral, supplying them to liquidity pools and putting them to work for yield is no longer a speculative trend.

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