DeFi Development Corp. (DFDV) Stock Soars 6% as Solana-Powered Tokenized Equity Goes Live on Kraken

Wall Street meets Web3—DeFi Development Corp. rockets 6% after flipping traditional shares into Solana-based tokens. Kraken’s new trading pair turns equity into 24/7 tradable assets, because why should stocks sleep when crypto doesn’t?

The Tokenization Play

DFDV’s move mirrors a growing trend of firms bridging TradFi and DeFi. By launching tokenized equity on Solana, they’re betting on faster settlements and global liquidity—while dodging the SEC’s watchful gaze (for now).

Kraken’s Gambit

The exchange doubles down on crypto’s institutional push, offering traders exposure to equity without the paperwork—or the pesky market hours. Just don’t ask about dividend mechanics.

The Cynical Take

Another day, another asset repackaged as a token. At least this one has a balance sheet—unlike half the ‘utility tokens’ clogging CoinMarketCap.

TLDR

• DFDV stock jumps 6% after tokenization news.
• DFDVx will launch on Kraken’s xStocks via Solana.
• DFDV is first U.S. firm to tokenize Nasdaq shares.
• DFDVx enables 24/7 trading and DeFi access.
• Tokenized equity trend grows with DFDV’s move.

DeFi Development Corp. (DFDV) shares ROSE 6.01% to $26.38 during Monday morning trading after revealing a major blockchain integration. The company confirmed it will tokenize its publicly listed equity through a new ticker, DFDVx, on Solana.

DeFi Development Corp. (DFDV)

DFDV stated that DFDVx will be available on Kraken’s upcoming xStocks platform alongside stocks like Tesla and Apple. The new tokenized equity will allow onchain access to DFDV’s Nasdaq-listed shares. Kraken partnered with solana and Backed to deliver this infrastructure.

This marks a major shift, as DFDV becomes the first U.S.-listed firm with a crypto treasury strategy to offer tokenized equity. The partnership aims to merge traditional equity markets with onchain finance. With real-world asset (RWA) tokenization growing, DFDV is positioning early in the Solana-based tokenized stock space.

DFDVx Launch Expands Access Through Onchain Infrastructure

DFDVx offers a new route to access U.S. equity via decentralized apps. This unlocks new integration potential for DeFi protocols, developers, and financial platforms. Participants will be able to trade, borrow, and build on tokenized DFDV equity directly.

The collaboration intends to make DFDVx a core building block for future financial applications. The MOVE supports faster settlement, 24/7 trading, and interoperability with smart contracts. The firm also hinted at liquidity and DeFi integrations coming post-launch.

This initiative responds to rising demand for tokenized RWAs, especially tokenized equity. According to market research, RWA tokenization could reach $18.9 trillion by 2033. DFDV’s early entry signals a strong commitment to shaping this space from the ground up.

Kraken’s xStocks Platform Adds DFDV as a Strategic Listing

Kraken confirmed that DFDVx will join its inaugural tokenized equities cohort, backed by Solana’s infrastructure. This places DFDV in the same group as Apple, Nvidia, and Tesla on the xStocks venue. Kraken emphasized growing demand for tokenized access to equity tied to blockchain-native firms.

1/ $DFDV stock is officially coming onchain! 🚨

Today, we're announcing that we’ve partnered with @krakenfx to bring $DFDVx on @solana – the first tokenized U.S.-listed crypto treasury strategy.

Here's what it unlocks. 🧵 pic.twitter.com/DwnW2oIHRF

— DeFi Dev Corp. (@defidevcorp) June 23, 2025

xStocks will host DFDVx to serve both institutional and decentralized financial users. The platform offers instant settlement and aims to redefine how stocks operate in Web3 ecosystems. Kraken’s infrastructure enables smooth onboarding without requiring changes to user platforms.

DFDV continues to maintain its Solana-focused crypto treasury strategy, reinforcing its Web3 identity. The launch of DFDVx underlines its dual presence in both public markets and blockchain. This hybrid positioning could attract new flows into both the equity and tokenized versions of DFDV.

Background: DFDV’s Solana Strategy Sets Industry Precedent

DeFi Development Corp. (DFDV) operates as the first Nasdaq-listed company with a treasury built to accumulate and compound Solana (SOL). The company’s approach stands out by using Solana natively for treasury and now for its tokenized equity. This dual Solana alignment offers unique exposure to both blockchain assets and traditional equity.

DFDV has focused on bridging capital markets and decentralized networks. With the DFDVx launch, it deepens that bridge while embracing tokenized financial infrastructure. Solana’s low fees and high throughput support these ambitions effectively.

DFDV plans to partner across DeFi to expand use cases for DFDVx. It expects developers to build DeFi products using the token, including lending and synthetic asset protocols. This strategy could set the foundation for other listed firms to follow in DFDV’s tokenization path.