Start for Free

DeFi's Evolution to Onchain Finance Amidst Rising Tokenized Stock Platforms

Published on August 13, 2026

Categories: Defi Tokenized Assets Financial Innovation Market Structure

Andre Cronje of Flying Tulip proposes that DeFi has transitioned into 'onchain finance,' prompting discussions about its original tenets of immutability and decentralization. Concurrently, Binance's tokenized stock offering, bStocks, has quickly established itself as a major player, surpassing Kraken's xStocks to become the second-largest issuer in less than two months.

‘DeFi doesn’t exist anymore,’ just onchain finance: Andre Cronje

Flying Tulip founder Andre Cronje contends that DeFi protocols have evolved into a new financial paradigm of “onchain finance” but have sacrificed some of their inherent immutability and decentralization.

Binance bStocks passes xStocks as second-largest tokenized stock issuer

Binance bStocks became the second-largest tokenized stock issuer less than two months after launch, narrowly ahead of Kraken’s xStocks.

Sentiment Snapshot

AI-powered sentiment analysis for coins mentioned in this briefing.

Social Media Prompt

A conceptual image depicting the evolution of decentralized finance (DeFi) into a more integrated 'onchain finance' system. Show abstract blockchain elements merging with traditional financial market symbols, with a subtle representation of tokenized stocks and digital assets exchanged between platforms. Emphasize both innovation and potential centralization. Dynamic, futuristic art style.