From a lending perspective, over the years in the crypto space, there are only a handful of native assets that can truly withstand cycles and serve as large-scale collateral in the long term: BTC, public chain tokens like ETH / SOL, stablecoins like USDT / USDC, platform tokens like BNB / HYPE, DeFi blue chips like UNI / AAVE, and so on. Now, 'stock tokens' are emerging as an important new asset class and are being tokenized on a large scale. This is a big deal for DeFi lending protocols because, in the long run, the market size of stocks is far greater than that of native crypto assets. Here’s what we’re seeing so far: ◦ Coinbase Tokenized Stocks are based on Base and have already integrated with major lending protocols like Aave, Morpho, and Euler. ◦ bStocks are based on BNB Chain and have connected with Lista Lending and Venus. ◦ xStocks are based on Solana and have integrated with Kamino, Morpho, and Euler. ◦ Robinhood Stock Tokens are based on Robinhood Chain and have integrated with Morpho. ◦ Ondo Stocks started on Ethereum and are deploying across multiple chains, already integrated with Morpho and Euler. As stock tokenization continues to expand, leading lending protocols won’t just see TVL growth—it’s also a new lending market and revenue growth opportunity. Among these protocols and tokens, who will grab the biggest slice of the pie? Place your bets!