DeFi Development Stocks to Be Traded on-chain via Kraken

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On June 24, according to Cointelegraph, DeFi Development Corp. (formerly Janover), a financial management company in the Solana ecosystem, announced that it will tokenize its stocks through a partnership with the cryptocurrency trading platform Kraken.

According to the announcement, the company will use xStocks, a tokenization platform created by Backed, to put its stocks on-chain. Kraken announced a partnership with xStocks in May, promising to provide tokenized stocks of U.S.-listed companies such as Apple, Tesla, and Nvidia to users in other regions. The platform is built on the Solana blockchain.

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