- DeFi Corp and Kraken partner to tokenize stocks.
- Enhances access to equity via Solana.
- No regulatory issues reported so far.
DeFi Development Corp. has partnered with Kraken to tokenize its stock on Solana, a significant step in crypto finance.
The collaboration brings U.S.-listed equity onchain, offering enhanced access and integration to decentralized finance applications.
DeFi Development Corp., led by CEO Joseph Onorati, has teamed up with Kraken to launch its tokenized stock, DFDVx, on the Solana blockchain. Kraken’s xStocks platform, managed by Val Gui, facilitates the onchain access for investors. Joseph Onorati, CEO of DeFi Development Corp., shared his vision:
“We view the tokenization of our stock as a DeFi lego block, one that developers and institutions can build on top of. By putting DFDVx onchain, we will unlock the next phase of innovation; we’re ready to explore new use cases that merge equity ownership with onchain finance.”
This initiative gives investors enhanced access to U.S. equities onchain, utilizing Solana’s infrastructure for storage and scalability. DFDV will link its treasury, heavily reliant on 600,000 SOL, with the blockchain ecosystem.
The market welcomed this move with increased interest and liquidity in DFDV stock. With over 500% stock surge since April, this enhances liquidity opportunities via tokenization on Solana’s platform.
Historically, attempts such as tokenized stocks of Tesla or Apple faced challenges. However, this initiative marks progress by listing on Kraken, a major crypto exchange, with no regulatory concerns reported so far.
The partnership signals growing adoption of blockchain in traditional finance, potentially setting precedents for future tokenizations. DFDV aims to integrate its treasury and equity strategies with DeFi by leveraging Solana, promising innovation and new applications for its assets.
About the author
SharpLink Gaming Buys 12,207 ETH, Boosts Ethereum Holdings
SharpLink Gaming acquires 12,207 Ethereum, significantly increasing its ETH holdings for future blockchain developments.
DeFi Development Corp. Tokenizes Stock on Solana Blockchain
DeFi Development Corp. tokenizes its stock on the Solana blockchain, marking a significant first for a NASDAQ-listed U.S. firm. This development bridges traditional finance with decentralized opportunities.
JasmyCoin Price Rebounds Amid Declining Exchange Reserves
JasmyCoin has experienced a price rebound this week as exchange reserves fell sharply, drawing the attention of investors and industry watchers.
Monero Tests Crucial $269 Support as Rally Looms
Monero (XMR) is approaching the $269 support level, suggesting a significant price movement with strong technical indicators.
Cryptocurrency Bull Run Highlights Top Altcoins to Buy Now
Explore key altcoins top picks as the cryptocurrency market experiences significant growth amid regulatory shifts.
Bitcoin Mining Revenue Surges 20% in May
Bitcoin mining revenue saw a nearly 20% increase in May 2025, largely driven by operations in North America. Key factors include rising BTC prices and operational efficiencies.
Related
SharpLink Gaming Buys 12,207 ETH, Boosts Ethereum Holdings
SharpLink Gaming acquires 12,207 Ethereum, significantly increasing its ETH holdings for future blockchain developments.
$20K Into $410K? Arctic Pablo, Ponke, and Gigachad Lead Top Meme Coins to Buy for 2025
Discover why Arctic Pablo Coin, Ponke, and Gigachad are among the top meme coins to buy for 2025. APC’s presale ROI nears 2000%. Don’t miss out.
DeFi Development Corp. Tokenizes Stock on Solana Blockchain
DeFi Development Corp. tokenizes its stock on the Solana blockchain, marking a significant first for a NASDAQ-listed U.S. firm. This development bridges traditional finance with decentralized opportunities.
VeChain & Litecoin Pause; BlockDAG Presale Targets 25x Returns!
Explore why Litecoin and VeChain remain range-bound while BlockDAG at $0.0020 offers 25x potential. See why BDAG's presale is drawing new daily highs.
JasmyCoin Price Rebounds Amid Declining Exchange Reserves
JasmyCoin has experienced a price rebound this week as exchange reserves fell sharply, drawing the attention of investors and industry watchers.
Monero Tests Crucial $269 Support as Rally Looms
Monero (XMR) is approaching the $269 support level, suggesting a significant price movement with strong technical indicators.
Be the first to leave a comment