DeFi Development Corp. Teams with Kraken to Tokenize DFDV Stock on Solana
DeFi Development Corp. Partners with Kraken to Launch Tokenized Stock on Solana
Groundbreaking Partnership Announcement
BOCA RATON, FL, June 23, 2025 (GLOBE NEWSWIRE) — DeFi Development Corp. (Nasdaq: DFDV), recognized as the first publicly traded company in the U.S. with a treasury strategy focused on accumulating and compounding Solana (SOL), has unveiled a significant collaboration with Kraken. This partnership will facilitate the listing of tokenized shares of its publicly traded equity on the Solana blockchain. As part of the xStocks initiative, Kraken has teamed up with Backed and Solana to provide tokenized equities on its platform.
Joining the Ranks of Major Companies
With this collaboration, DFDV becomes one of the first companies to offer tokenized stocks on Kraken’s forthcoming xStocks platform, alongside industry leaders such as Apple, Tesla, and Nvidia. The tokenized version of DeFi Development Corp. will be traded under the ticker symbol DFDVx, granting unprecedented on-chain access to the company’s equity and marking it as the first U.S.-listed crypto treasury strategy available on-chain.
Bridging Traditional and Digital Markets
The introduction of DFDVx signifies a pivotal advancement in connecting conventional capital markets with the Solana ecosystem. With DFDVx operational on-chain, developers, institutions, and DeFi protocols can create innovative products, integrate tokenized equity into financial frameworks, and explore new avenues for participation in public equity markets.
Vision for the Future
Joseph Onorati, CEO of DeFi Development Corp., expressed enthusiasm about the tokenization of their stock, describing it as a foundational building block for developers and institutions. “By placing DFDVx on-chain, we are poised to unlock a new wave of innovation; we are eager to explore fresh use cases that blend equity ownership with on-chain finance,” he stated.
Demand for Tokenized Equities
Val Gui, General Manager of xStocks for Kraken, noted the substantial interest in access to U.S. equities. “The crypto community is thrilled about the opportunity to engage with crypto treasury strategy companies like DFDV on-chain,” Gui remarked, emphasizing their excitement about offering DFDVx on the Kraken exchange.
Aligning with Market Trends
The tokenization of DFDV’s shares comes at a time when the demand for real-world assets (RWAs) on Solana is rapidly increasing. This move aligns with the company’s broader mission to spearhead innovation in capital markets. The upcoming launch of DFDVx indicates the company’s intention to collaborate with various partners in DeFi to explore integrations, liquidity initiatives, and on-chain financial tools.
About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has implemented a treasury policy that allocates its primary holdings to SOL. This strategy offers investors direct economic exposure to SOL while actively contributing to the growth of the Solana ecosystem. In addition to holding and staking SOL, the company operates its own validator infrastructure, generating rewards and fees from delegated stakes. DeFi Development Corp. is also engaged in various decentralized finance (DeFi) opportunities and is continuously seeking innovative ways to leverage Solana’s expanding application layer.
Company Overview
The organization serves over one million web users annually, including multifamily and commercial property owners and developers seeking billions in debt financing each year. It provides data and software subscriptions, along with value-added services, to professionals in the commercial real estate sector. Its offerings are primarily delivered as software as a service (SaaS).
Forward-Looking Statements
This announcement includes “forward-looking statements” as defined by the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terms such as “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” and similar phrases. Forward-looking statements are not historical facts or guarantees of future performance; they are based on the company’s current beliefs and assumptions regarding its business, future strategies, and anticipated events. Due to the inherent uncertainties and risks associated with forward-looking statements, actual results may differ significantly from those anticipated.
Investor and Media Contacts
Investor Contact:
[email protected]
Media Contact:
Prosek Partners
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