Aave V4 will enable onchain securities lending for tokenized stocks, removing broker intermediaries. Global securities lending: 35B annual revenue. Brokers retain 50–85% of borrow fees.
Aave executive Luigi D’Onorio DeMeo outlined on X: real-time dynamic pricing, no rehypothecation, no middlemen. Users supply tokenized stocks onchain and earn full borrow rate. Stani Kulechov confirmed TAM expansion from crypto to all assets.
Aave has $23B liquidity and GHO stablecoin as foundation for moving securities collateral infrastructure on-chain.