#DeFi Development Corp Tokenizes Shares Through #Kraken Partnership


$SOL treasury company DeFi Development Corp will bring its shares on-chain using the xStocks tokenization platform created by Backed.


CEO Joseph Onorati described the stock tokenization as a "DeFi Lego block" for developers and institutions.


Kraken partnered with xStocks in May to offer tokenized shares of Apple, Tesla and Nvidia to international users.


The xStocks platform operates on the #Solana blockchain for seamless integration.


DeFi Development Corp shares rose over 3% during early Nasdaq trading before settling at a 0.6% gain.


Former Kraken executives took over the company in April, rebranding from Janover with a renewed #Solana focus.


The firm has made an $11.5 million $SOL purchase and seeks an additional $1 billion for expanded holdings.


Tokenized stocks represent just $365 million of the $24.3 billion real-world asset market, according to   RWA.xyz.

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June 24, 2025 at 3:42 PM
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