DFDV has partnered with Kraken to tokenize its publicly traded equity on the Solana blockchain, marking a significant milestone in the convergence of traditional finance and decentralized technology.
This groundbreaking move positions DFDV as the first U.S.-listed company with a crypto-native treasury strategy to bring its stock fully onchain.
Through this partnership, DFDV will be featured on Kraken’s upcoming xStocks platform—a digital exchange offering tokenized versions of publicly traded companies. The platform will feature high-profile listings, including Apple, Tesla, and Nvidia. DFDV’s tokenized stock, to be traded under the symbol DFDVx, will be accessible via the Solana network, enabling real-time, decentralized interaction with traditional equity.
🚨 @defidevcorp partners with @krakenfx to launch $DFDVx – the first tokenized U.S.-listed corp treasury strategy on #Solana.
Built to stack $SOL, it bridges #TradFi and #DeFi with onchain liquidity. https://t.co/CMk0LkY6Rk pic.twitter.com/fPBpnPfRqP— Solana Daily (@solana_daily) June 24, 2025
This development represents a major step toward integrating legacy capital markets with decentralized finance. By tokenizing its shares, DFDV opens its equity to composability within Solana-based DeFi protocols, allowing developers, institutions, and investors to build new, blockchain-native financial tools around a publicly traded asset.
“We see tokenization as a DeFi building block,”
said Joseph Onorati, CEO of DeFi Development Corp. “DFDVx isn’t just an investment, it’s an innovation tool. By putting our equity onchain, we’re inviting developers and protocols to create around it.”
Echoing this sentiment, Val Gui, General Manager of xStocks at Kraken, noted the increasing demand for real-world assets (RWAs) in the crypto space. “DFDVx brings a new asset class to the crypto community—real exposure to a public company deeply rooted in crypto treasury strategies. That’s what makes it unique,” he said.
DFDV’s operational model is deeply intertwined with the Solana ecosystem. The company holds SOL as its primary treasury asset, operates validator nodes, and participates in staking to earn network rewards. These activities underscore DFDV’s long-term commitment to decentralized infrastructure and Solana’s growth.
This announcement comes alongside Kraken’s launch of a new institutional trading platform designed to meet the evolving needs of professional traders and large organizations. The platform offers advanced tools, access to over 90% of global crypto market liquidity, and a unique credit facility for qualified clients—further signaling Kraken’s intent to bridge institutional finance and digital assets.
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