DeFi Development stocks will be traded on-chain through Kraken

ChainCatcher news, according to Cointelegraph, the Solana treasury company DeFi Development Corp, formerly known as Janover, announced a partnership with the cryptocurrency exchange Kraken to tokenize its stock. The company will utilize the xStocks tokenization platform created by Backed to bring stocks on-chain on the Solana blockchain.

DeFi Development Corp CEO Joseph Onorati described stock tokenization as "the Lego blocks of decentralized finance," available for developers and institutions to build applications upon. The company recently acquired $11.5 million worth of SOL and plans to raise $1 billion to increase its holdings.