Development at Development Corp. (DFDV), the company listed at Nasdaq with a cryptographic cash flow strategy focused on Solana Sol, brings its equity to blockchain rails through the next trading place of trading of tokenized Crypto Exchange Kraken.
The actions of the company will be tokenized under the Ticker DFDVX on the Solana network, joining a limited group of tokenized versions of main actions like Apple and Tesla on the next XSTOCK platform in Kraken, said a press release on Monday.
In practice, a developer can integrate DFDVX into a decentralized financing application (DEFI), allowing users to hold, negotiate or even borrow against the actions of a company listed at the Nasdaq directly on a blockchain. CEO Joseph Onorati described token equity “a LEGO DEFI block, which suggests that it could serve as a building for more complex financial instruments.
The list is interested in the tokenization of real assets (RWA) such as actions, funds and real estate increases. The tokenization allows traditional financial products to exchange 24 hours a day, settle more quickly and develop use cases in decentralized financing applications (DEFI). It is potentially a massive opportunity: the market size of all Rwas tokenized could reach 18.9 billions of dollars by 2033, chain actions being one of the main groups of assets, according to a BCG and Ripple report. Rival Exchange Coinbase would also have sought regulatory approval to offer negotiations on the stock market in Tokenized.
“We consider the tokenization of our stock as a LEGO DEFI block, developers and institutions can build,” said Joseph Onorati, CEO of Defi Dev.
“As part of the XSTOCKS ALLIANCE, we have seen an incredible request for access to American actions; the cryptographic community is delighted with chain access to cryptographic treasury companies like DFDV,” said Val Gui, managing director of XSTOCKS for Kraken.
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