Defi Development Corp., a Solana Treasury company formerly known as Janover, has announced plans to pokenize its shares through a cooperation with the Crypto Exchange Kraken.
According to a Monday announcement, the company will use Kraken’s Xstocks platform to bring its shares to Onchain. Kraken its tokenization platform has been announced In May, which promised to offer investors to tokenized sharing of companies listed in the US such as Apple, Tesla and Nvidia to users in other regions. The platform was built on the Solana Blockchain.
“We view the tokenization of our stock as a Defi Lego block, one that can be developed by developers and institutions,” Joseph Onorati, CEO of the Defi Development Corporation, said in a statement.
Defi Development joins other companies that have been publicly exchanged with Solana actively stacked. In April, the NASDAQ listed in UPEXI announced an increase of $ 100 millionwith more than 90% allocated for SOL purchases. In Canada, Sol Strategies are stockpiled Solana across Reporting a $ 3.5 million income loss for Q2 2025.
DEFI DEFI DEVELOPMENT’s Sharing Price increased by more than 3% during the early hours of the NASDAQ trade session before the acquisitions. At the time of this writing, the stock reached 0.6% during the day, trading at $ 25.03.
Asset tokenization involves the release of traditional financial instruments, such as stocks, as tokens in a blockchain. These tokens can be fractionalized, allowing investors to have a portion of a possession. They can also move peer-to-peer and exchanged at any time with blockchain protocols.
A group of former Kraken executives Janover was taken in April And this Defi Development Corp., has a revised focus on Solana. Since taking, the company is Make a $ 11.5 million sol buy and have Ask for an additional $ 1 billion in capital to increase its handling.
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Stoken is still rarely
According to In RWA.xyz, the tokenization of remais stocks is a small segment compared to other possessions. In the total cap of the real-world asset (RWA) market of $ 24.3 billion, the tokenized stocks make up only $ 365 million or 1.5%.
Kraken is not the only planning company to offer tokenized stocks to non-US investors. In May, a report revealed that Robinhood is building a blockchain network To offer US security trading to European investors.
In 2021, Binance stated at a similar initiative but eventually stopped plans due to regulation challenges in some countries.
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