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DeFi Development enters partnership with Kraken to tokenize stock

DeFi Development (DFDV) announced a partnership with Kraken to list the tokenized stock of its publicly traded equity on the Solana (SOL) blockchain. As part of the xStocks alliance, Kraken is partnered with Backed and Solana to offer tokenized equities on the Kraken platform. Through this partnership, DFDV joins the inaugural cohort of tokenized stocks on Kraken’s upcoming xStocks platform. The tokenized representation of DeFi Dev Corp. will trade under the symbol DFDVx, unlocking unprecedented onchain access to the Company’s equity and making it the first U.S.-listed crypto treasury strategy to trade onchain.

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