DeFi Development Corp’s Stock to Be Tokenized Through Partnership

Update (June 23, 2025 at 22:02 UTC): This article has been updated to state that the backed -up created the Xstocks platform.

Defi Development Corp., Solana Treasury Company previously known as Janover, announced plans to token its shares through a partnership with Crypto Exchange Kraken.

According to Monday’s announcement, the company will use Xstocks, a tokenization platform created by Backed to bring its shares onchain. Kraken announced partnership with xstocks In May, which promises to offer investors users in other regions, they will offer stock companies such as Apple, Tesla and NVIDIA. The platform is built on blockchain Solana.

“We consider the tokenization of our shares to be a Defi Lego block that developers and institutions can build on top,” said Joseph Onorati, CEO of Defi Development Corporation, in his statement.

Defi development joined other publicly traded companies that actively stacked Solan. In April, on the NASDAQ UPEXI list announced an increase of $ 100 millionwith more than 90% assigned to SOL purchases. In Canada, Sol Strategies has a solana stock despite Reporting of income loss of $ 3.5 million per quarter of $ 2025.

The Development Development stock price increased by more than 3%in the early hours of NASDAQ. At the time of this writing, the shares rose by 0.6% on the day and traded for $ 25.03.

Tokenization of assets involves issuing traditional financial instruments such as stocks, such as blockchain tokens. These chips can be fractionalized, allowing investors to own part of the asset. Peer-to-peer can also be transferred and traded at any time on blockchain protocols.

A group of former managers of Kraken Took over Janover in April and rebranded it Defi Development Corp., with renewed focus on solan. Since receipt has a company made $ 11.5 million Sol Purchase and has Looking for another $ 1 billion in capital to increase their shares.

Related: 9Gag Testing Testing will receive 29% after the first purchase of Solana

Inventory tokenization is still rare

According to For RWA.XYZ, shares tokenization remains compared to other assets of a small segment. Of the total market limitation of the real world (RWA) market of $ 24.3 billion, only 365 million or 1.5%are tokenized shares.

Kraken is not the only company planning to offer tokenized shares to investors outside the US. In May the report revealed that Robinhood Building a Blockchain network Offering trading in US securities to European investors.

In 2021, Binance indicated a similar initiative, but eventually stopped plans for regulatory challenges in several countries.

Magazine: MEMECOINS are ded – but Solana ‘100x better’ despite income revenue