Kamino adds tokenized stocks as collateral option via xStocks integration

PANews reported on July 14 that according to The Block, Solana ecosystem lending protocol Kamino is incorporating stock tokenization products into collateral options, with the on-chain trading function xStocks supported by Chainlink data standards. The team stated in a Friday announcement that this integration makes Kamino the first lending protocol in the DeFi field to use stock tokenization products as collateral, marking an important milestone. Kamino v2 architecture includes a new xStocks market, supporting users to borrow stablecoins with xStocks, initially launching with Apple's equity tokenization product AAPLx, with plans to expand the range later. The team expressed that their ultimate goal is for Kamino to become a comprehensive on-chain asset market where users can exchange, mortgage loans, or margin trade, and the permissionless financial infrastructure is maturing, enabling more efficient and transparent coverage of traditional financial scenarios.