Imagine that you can take out a loan by mortgaging not bitcoin or ether, but tokenized Apple shares like AAPLx. It's real now: the Solana-based Kamino decentralized protocol has become the first major DeFi project to accept tokenized shares (xStocks) as collateral.

What does it mean? Kamino uses xStocks— on-chain versions of real stocks created by Backed Finance. These tokens are backed 1:1 by real securities held by the custodians. For example, xAAPL fully corresponds to the actual Apple stock. They can be traded 24/7 on the blockchain, split into pieces and now used in DeFi credit products.

Kamino has integrated support for these tokens through the new xStocks Market, where you can borrow stablecoins secured by xAAPL. In the future, it is planned to add other promotions such as xTSLA and xMSFT. All of this is based on the Chainlink standard, which ensures data reliability and market transparency.

This brings DeFi closer to "traditional finance" (TradFi), but with the key advantages of blockchain: transparency, accessibility, and speed. Such steps make the on-chain infrastructure competitive against centralized exchanges like Kraken and Bybit, which are already testing xStocks in their ecosystems.

However, it's not that simple. Regulators are still wary of tokenized securities. SEC Commissioner Hester Pierce recalled that "tokenized securities are still securities." And OpenAI even condemned the Robinhood project for trying to issue on-chain versions of private shares without the approval of issuers.

Nevertheless, Kamino is moving forward — their goal is to create a platform where you can freely trade assets, take out loans or engage in margin trading, entirely on the blockchain.

And so I have a question for you.:
Would you pledge a tokenized share to take out a loan in DeFi? Or don't you trust such assets yet?

#defi #solana #Kamino #sol #xStocks