Tokenized Shares of DeFi Development Corp. to Launch on Kraken
DeFi Development Corp. (DFDV) will tokenize its shares under the ticker DFDVx on the Solana network via Kraken's upcoming xStocks platform. This move enables trading of Nasdaq-listed equities on blockchain, positioning DFDV among tokenized stocks like Apple and Tesla.
Key points include:
- Tokenized equity allows integration into DeFi applications for holding, trading, or borrowing against shares.
- CEO Joseph Onorati describes the tokenization as a “DeFi lego block” for building complex financial instruments.
- Interest in tokenizing real-world assets (RWAs) is growing, with potential market size reaching $18.9 trillion by 2033.
- Coinbase is also seeking regulatory approval for tokenized stock trading.
Demand for access to U.S. equities within the crypto community is increasing, highlighting a significant opportunity for on-chain equity solutions.