Breaking: DeFi Development Corp. & Kraken Launch Solana-Powered Tokenized U.S. Stocks—Wall Street on Notice

Traditional finance just got a blockchain-powered uppercut. DeFi Development Corp. and crypto exchange Kraken are rolling out tokenized U.S. stocks on Solana—putting Wall Street’s paper-shuffling legacy system on the clock.

Why it matters: This isn’t your grandpa’s stock certificate. Tokenization slashes settlement times from days to seconds, bypasses middlemen, and lets traders swap Tesla shares 24/7. All while hedge funds still charge 2-and-20 for underperforming the S&P.

The Solana edge: Lightning-fast transactions at sub-penny costs make Ethereum’s gas fees look like a private banker’s lunch tab. Meme coin degens can now YOLO into Apple stock between degen plays.

The cynical take: Watch legacy finance suddenly ‘discover’ blockchain efficiency after a decade of calling it a scam—right as their profit centers get disrupted.