Aave launches on-chain lending for tokenized stocks, targeting the trillion-dollar securities lending market

According to ChainCatcher, Aave is expanding its business boundaries through Aave V4, extending from crypto asset lending to the realm of real-world assets (RWA) such as stocks, aiming to enter the approximately $4.6 trillion global securities lending market. Traditional brokers like Robinhood and Charles Schwab typically earn lending income by lending out users' stocks, retaining 50%-85% of the securities lending fees and returning only a small portion of the proceeds to users. The global securities lending market generates about $35 billion in annual revenue, mainly earned by intermediaries. Aave's proposed on-chain model allows users to deposit tokenized stocks (such as AAPL, TSLA) as collateral or loan assets, earn the full lending interest directly, realize real-time transparent pricing, dynamic rate adjustment, reduce rehypothecation, and lower intermediary fees.