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      xStocks Leads Tokenized Stock Deposits in DeFi with 58% Market Share

      xStocks, a tokenized equities platform built on Solana by Backed Finance, has established a dominant position in the decentralized finance (DeFi) sector, capturing 58% of all tokenized stock deposits. This significant market share highlights the platform's influence in the growing field of tokenized assets.

      In addition to its leading deposit share, xStocks controls 86.5% of the total value locked (TVL) in tokenized-stock lending, which currently stands at $23.1 million. The platform has expanded its offerings to include over 700 assets since its launch in late June 2025, with cumulative transaction volume exceeding $35 billion by mid-2026.

      xStocks tokens are issued as SPL tokens on Solana, each backed 1:1 by underlying US equities or ETFs held with regulated custodians. The platform has integrated with Solana-native protocols such as Kamino and Raydium, facilitating lending and liquidity provision. Kamino's lending markets account for a substantial portion of the tokenized-stock lending TVL, enabling users to leverage their xStocks tokens for stablecoin borrowing or liquidity pool participation.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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