Real-world asset collateral on Kamino rises 19.1% to $537.8 million
Key Facts
Real-world asset collateral on Kamino rose 19.1% to $537.8 million in September, according to the monthly risk report published by Allez Labs on the platform's forum. The growth in this collateral coincided with an increase in total supply on Kamino to $2.64 billion in the same month. Supply rose 4.4% month on month from $2.53 billion in August, according to the report. Real-world asset collateral therefore grew faster than total supply over the monthly comparison period covered by the report. The figures come against the backdrop of Kamino's lending activity backed by tokenized assets, including a market that allows holders of tokenized equities to borrow stablecoins against those assets.
Kamino's xStocks market allows users to deposit tokenized equities as collateral and borrow stablecoins against them, according to Chainlink. The company described the market as allowing users to "pledge their tokenized equities as collateral and borrow stablecoins against them." Chainlink provides pricing data for these equities on Kamino, according to its announcement on institutional asset tokenization activities. The announced collaboration thus includes supplying the platform with prices for the assets used by the tokenized equity market in lending operations. On transfers between networks, the official xStocks website says Chainlink's Cross-Chain Interoperability Protocol allows these equities to be transferred to Solana, where they enter Kamino's collateral ecosystem.
On 14 September 2026, xStocks announced the launch of its vaults on Kraken, in an expansion combining tokenized equities with decentralized finance services. Kamino explained the vault model in its announcement of the Kraken launch, outlining how rewards are distributed to depositors. Rewards are converted back into the same tokenized asset before being distributed to depositors, according to the platform's description of the product's mechanics. Kamino said "rewards are converted back into the same tokenized equity and distributed to depositors." The platform also warned that adverse price movements could affect positions, including the liquidation of deposited collateral, a risk it cited in its description of the product linking tokenized equities to these vaults.
On 28 September 2026, Chainlink announced that version 2.0 of its Cross-Chain Interoperability Protocol was available to institutions and digital asset issuers. In its launch announcement, the company said the version "is now available to all institutions and digital asset issuers," as part of its presentation of the services it offers for transferring assets between networks. The protocol's documentation explains that programmable transfers allow tokens and instructions to be sent together in a message through the protocol. The documentation describes this function as "sending tokens and instructions in a single message," a technical capability within the transfer ecosystem. Chainlink also said integration with its Automated Compliance Engine allows policy controls and tracking to be embedded in cross-chain transfers through a framework for continuous controls and transaction traceability.
In a parallel technical expansion, Chainlink announced vault adapters that allow deposits to be received across more than 80 supported blockchain networks. According to the company's description, a vault on one network receives these deposits from other networks supported by the service. Kamino's collaboration with Chainlink on off-chain collateral includes infrastructure developed by the platform with the company, according to an announcement published on its forum. The product's design calls for Chainlink to continuously attest to the values of collateral used within that infrastructure. Describing its partner's role, Kamino said "Chainlink continuously attests to collateral values," as part of its presentation of the off-chain collateral design.
As part of its announced plan for this infrastructure, Kamino named Anchorage Digital as the partner for its first collateral management integration. The step appeared in the platform's announcement on the next phase of its service development, in its discussion of the off-chain collateral product. Kamino said in the announcement that it "will launch its first collateral management integration with Anchorage Digital." The planned integration concerns collateral management within the product the platform presented in collaboration with Chainlink. Under Kamino's announced plan, its series of collateral management integrations begins with Anchorage Digital, the partner the platform selected for this step.