DeFi Development Corp., a Nasdaq-listed crypto treasury firm, has announced it will tokenize its shares on the Solana network. This move positions the company as the first U.S.-listed treasury firm to fully integrate on-chain equity with the help of Kraken and tokenization specialist Backed.

Solana Welcomes Tokenized Equities

Under the ticker DFDVx, DeFi Development Corp. shares will join a growing list of tokenized stocks — including Apple and Tesla — on the xStocks platform. The goal is not only symbolic. It represents the increasing integration between traditional finance and decentralized technologies.

You Might Be Interested In: Sonic SVM Research: Can New Stablecoins Shake Up the Old Order?

CEO Joseph Onorati likened this initiative to creating a DeFi “Lego block,” encouraging developers and institutions to build upon this foundation. As tokenization becomes more mainstream, such steps pave the way for seamless crossover between markets.

Massive Growth Expected in Tokenized Assets

Real-world assets (RWAs) such as equities, funds, and real estate are rapidly entering the world of tokenization. These assets offer advantages like 24/7 trading, faster settlements, and expanded use in DeFi platforms.

According to a joint report by BCG and Ripple, the total market for tokenized RWAs could reach $18.9 trillion by 2033. As this sector heats up, rival exchange Coinbase is also reportedly seeking regulatory approval to launch its own tokenized stock service.

Val Gui, general manager of xStocks at Kraken, noted strong demand for on-chain access to U.S. equities, especially from the crypto community. The integration of firms like DeFi Development Corp. signals a broader shift toward blockchain-native financial instruments.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Turning Point at Kraken: A New Era Begins in Tokenization! appeared first on Coin Engineer.

This move opens the door to 24/7 trading of tokenized stocks like Apple and Nvidia — all on-chain, fully decentralized, and globally accessible.

Apple, Tesla, and S&P 500 Now Live as Tokens on BNB Chain

With the launch, tokenized versions of major U.S. equities — including Apple (AAPLx), Tesla (TSLAx), and the S&P 500 ETF (SPYx) — are now available as BEP-20 tokens on the BNB Chain. These tokens replicate the performance of their real-world counterparts, offering crypto-native investors exposure to traditional markets without leaving the blockchain ecosystem.

BNB Chain has also joined the xStocks Alliance, a growing network of exchanges and DeFi platforms supporting over 60 equity and ETF tokens. The aim? To create a seamless and interoperable trading environment where traditional financial assets can interact with DeFi protocols and infrastructure.

Kraken to Enable xStocks Transfers on BNB Chain

Kraken announced that in the coming weeks, users will be able to deposit and withdraw xStocks tokens via BNB Chain, marking a significant milestone for cross-chain asset mobility. These tokenized equities could soon be used as collateral, moved across dApps, or integrated into lending and derivatives platforms.

Backed Finance co-founder Adam Levi commented on the launch:

“Our vision is to fully integrate equities into DeFi, enabling these assets to be transferable across chains and usable as collateral in decentralized financial systems.”

Meanwhile, Kraken’s co-CEO Arjun Sethi emphasized the transformative nature of the initiative:

“This marks the beginning of a truly always-on equity market — permissionless, transparent, and designed for the internet. These assets are programmable and composable, unlocking real-time settlements and use across DeFi.”

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Kraken and Backed Bring Tokenized Stocks to BNB Chain appeared first on Coin Engineer.