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Kamino Lend dominates Solana's tokenized stock lending with 82.6% market share, hitting $53M collateral.

Protocol Fundamentals
11 Aug 2026
Crypto Briefing
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Bullish
pluang ai news

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.

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