Kamino Launches Tokenized Equity-Backed Lending on Solana
Kamino has introduced a new lending market on Solana that accepts tokenized equities from Backpack as collateral.
Kamino has introduced a new lending market on Solana that accepts tokenized equities from Backpack as collateral. Solana (SOL) is trading at ₹9,260 ($97.17), up 0.3% since this brief published. This is an original Token Times brief based on reporting by NewsBTC, with live market data added, as of Fri, 30 Oct 2026 05:00:01 UTC.
This development marks a significant expansion of decentralized lending capabilities by allowing tokenized equities to be used as collateral, potentially attracting new capital and users to the Solana DeFi ecosystem. It also highlights the growing intersection between traditional finance and blockchain-based financial services.
- Kamino launched a Backpack Market on Solana for tokenized equity collateral.
- The platform allows eligible users to borrow against tokenized equities.
- Solana DeFi TVL is $1.25B, down 9.2% over the past week.
- The move comes amid broader market downturn with Fear & Greed at 30 (Fear).
- J.P. Morgan Launches Tokenized Money Market Funds on Solana Blockchain
- Spout Finance Launches Solana-Based US Stock-Backed Lending Platform
- Securitize Launches 12 Tokenized Stocks on Solana Blockchain
- Sony-Backed Soneium Launches Tokenized IP Ecosystem with $SONEIUM Token
- Solana Co-Founder Calls for Traditional Firms to Embrace Tokenized Stocks or Go Private
- Solana's Tokenized Commodities Market Hits $63.2M Record
- Kamino Launches Tokenized Equity-Backed Lending on Solana — this brief
Kamino has announced the launch of a dedicated Backpack Market on the 
Solana blockchain, enabling eligible users to utilize tokenized equities as collateral for borrowing. This new feature represents a novel integration of traditional financial assets with decentralized finance (DeFi) capabilities.
The development comes as the broader cryptocurrency market experiences a downturn, with the total market cap at $2.68 trillion and 
Bitcoin down 2.25% over the past 24 hours. Solana's native token SOL is also trading lower, currently priced at $96.85 with a 2.67% decrease in the last day.
According to DeFiLlama, Kamino's Total Value Locked (TVL) stands at $1.25 billion, marking a 9.2% decline over the past week. This indicates that while the platform is innovating, it is not immune to the current market conditions.
Cointelegraph's coverage adds that the Bank of England is proposing guidance that would require central counterparties to ensure tokenized collateral meets certain liquidity and risk standards. This suggests potential regulatory challenges ahead for platforms like Kamino that incorporate tokenized assets.
The introduction of tokenized equity collateral on Kamino could attract new users and capital to the Solana ecosystem by bridging the gap between traditional finance and DeFi. However, the success of this initiative may depend on how regulatory frameworks evolve and how users respond to this new financial product.
Since this brief published about 1 hour ago, Solana (SOL) has moved from ₹9,229.04$96.85 to ₹9,259.53$97.17 — +0.33%.
The chart plots SOL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₹10,095.96 (about $97.17), down 2.9% over 24 hours. The rupee itself trades about 9.0% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 30, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Kamino Launches Tokenized Equity-Backed Lending on Solana — questions & answers
What is Kamino's new feature on Solana?
Kamino has launched a Backpack Market on Solana that allows users to use tokenized equities as collateral for borrowing.
How much is Kamino's TVL?
Kamino's TVL is $1.25 billion, down 9.2% over the past week.
What regulatory challenges might Kamino face?
Central counterparties may need to prove tokenized collateral meets liquidity and risk standards under proposed Bank of England guidance.
How much is 1 Solana worth in rupee today?
About ₹10,095.96 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $97.17. The rupee price moves with both SOL's US-dollar price and the USDT/INR rate; use our Solana in rupee page for any amount.
Has Solana's price moved since this brief was published?
SOL is up 0.33% since this brief first published — trading at ₹9,260 ($97.17) now versus ₹9,229 ($96.85) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from NewsBTC. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.