Solana-based decentralized lending protocol Kamino integrates tokenized xStocks as a collateral op

The onchain trading feature xStocks, also used by centralized exchanges like Kraken and Bybit, is powered by Chainlink’s data standards.

Solana

SOL +1.67%

-based decentralized lending protocol Kamino

KMNO +1.25%

is integrating tokenized stocks as a collateral option. Its chosen tool, the onchain trading feature xStocks also used by centralized exchanges like Kraken and Bybit, is powered by Chainlink’s data standard.

“With this onboarding, Kamino becomes the first major borrow/lend protocol in DeFi to onboard tokenized equities as collateral, marking a major milestone for DeFi,” the team wrote in an announcement on Friday.

According to the announcement, the Kamino v2 architecture includes a new xStocks Market, designed to enable users to borrow stablecoins against xStocks collateral. The feature will launch with a tokenized representation of Apple equity, AAPLx, and will gradually expand.

“Ultimately, the vision is for Kamino to be the full-suite, onchain asset marketplace, where users can swap their assets, borrow against their assets, or leverage their exposure with margin,” the team wrote. “Permissionless financial rails are maturing, and beginning to encompass TradFi use cases in a way that is more efficient, accessible, and transparent.”

In recent weeks, several firms have made significant announcements regarding tokenized equity, or onchain representations of public or private corporate shares. This includes Kraken, which announced it would offer EU clients the ability to trade xStocks on Solana, and Robinhood, which is building an in-house solution on the Ethereum scaling layer Arbitrum for private stock.

Tokenized equity has long been a Holy Grail of sorts for the growing real-world asset economy. Advances have been hampered in part by regulatory concerns and the necessity to gain buy-in from businesses. #BTC120kVs125kToday #USCryptoWeek #solana #Write2Earn