News · Ecosystem
Robinhood stock tokens hold largest share of DeFi deposits among three issuers
According to Crypto Briefing, Robinhood's tokenized stocks account for more than half of the deposits that Robinhood, Binance and Coinbase tokens have drawn into DeFi.
Tokenized stocks issued by Robinhood, Binance and Coinbase had drawn $130.5 million in DeFi deposits as of November 3, 2026, according to Crypto Briefing. Robinhood's tokens made up the largest portion, at $69.0 million.
Binance's bStocks product ranked second with $36.5 million, and Coinbase followed with $24.9 million. Crypto Briefing reports that the deposits are going mainly into lending markets and decentralized exchange liquidity pools.
Crypto Briefing links the ordering partly to infrastructure. Robinhood built its own chain and released its stock tokens alongside it in July 2026, while Binance debuted bStocks in June 2026 and Coinbase brought tokenized equities to its Base network in August 2026.
Across all issuers, deposits of tokenized stocks in DeFi passed $300 million by October 25, 2026, per the same report. Total on-chain tokenized equity value was approximately $3.2 billion by late October 2026, which means only a fraction of the supply is being put to work in DeFi protocols.
The outlet adds several caveats. These tokens typically track a stock's price rather than give holders direct share ownership, so holders rely on the issuer's structure. Using them as loan collateral also brings liquidation risk if prices fall.
The report also notes that the products are aimed mainly at users outside the US, which it says shapes who is driving the deposits and where regulatory questions may arise.
What we don't know yet
- How Crypto Briefing compiled the deposit figures and which protocols and chains are included.
- How much of Robinhood's $69.0 million sits on its own chain versus other networks.
- Whether the figures have been independently verified beyond this single report.
- Whether deposit levels will persist or grow.
Sources
Written by AI from the sources above, checked automatically against them, and published without human review. Spotted a mistake? Tell us on Telegram. Not financial advice.