XStocks leads DeFi TVL growth for tokenized stocks with $4M increase

Binance: Binance provides bStocks as tokenized representations of select US equities on BNB Chain, issued as BEP-20 tokens backed one-to-one by shares held in regulated custody. The offering supports 24/7 trading, self-custody, and integration with decentralized applications. Binance bStocks place third in the latest DeFi TVL increase among tokenized stock issuers, reflecting the exchange's contribution to broader onchain adoption of equity exposure. xStocks: xStocks is a Solana-based platform that issues tokenized versions of US equities and ETFs as SPL tokens, each backed one-to-one by underlying assets held with regulated custodians. The platform maintains integrations with decentralized protocols to support lending, liquidity, and other onchain activities. In the reported development, xStocks leads other issuers in recent growth of DeFi TVL for its tokenized stocks, underscoring its role in driving productive onchain deployment. Backpack: Backpack Securities issues tokenized securities on Solana that represent real ownership entitlements under applicable law and are redeemable one-to-one for underlying shares through its brokerage infrastructure. The service connects traditional securities with blockchain ecosystems for trading and DeFi compatibility. Backpack ranks second among issuers in the recent DeFi TVL growth for tokenized stocks, highlighting its expanding presence in onchain asset utilization. Onchain Utility: Growth in DeFi TVL for tokenized stocks across multiple issuers shows these assets are increasingly deployed as collateral and in liquidity pools rather than held passively. Issuer Competition: Several established platforms are actively expanding tokenized equity offerings to capture share of onchain activity in traditional asset classes.