DeFi Development Corp. Announces CHAD Preferred Stock Now Tokenized in Partnership with xStocks
Key Highlights
- ➤CHADx tokenized 1:1 and launched on Solana plus nine major blockchains
- ➤CHADx enables wallet-based trading beyond traditional brokerage hours
- ➤CHAD annual dividend rate is 14.00%, or $1.40 per $10.00 share
- ➤CHADx does not confer underlying CHAD ownership or shareholder rights
- ➤DFDV’s preferred digital-credit product joins its tokenized common stock onchain
Expert Statements
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“Tokenizing CHAD is a natural evolution of our capital markets strategy and of public assets moving onchain”
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“CHAD was designed as a new form of SOL-powered digital credit, and CHADx now makes that product far more accessible”
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“Investors can hold it in a wallet, trade it onchain, and participate beyond the traditional brokerage channel”
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“This is how we believe preferred equity should work as capital markets and onchain finance come together”
BOCA RATON, FL, Nov. 11, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced that its Variable Rate Series C Perpetual Preferred Stock (Nasdaq: CHAD) has been tokenized in partnership with xStocks.
The tokenized product, CHADx, is a 1:1 tokenized version of CHAD, backed by CHAD shares held in custody, and is now live on Solana and nine other major blockchains. CHADx is offered through xStocks and is not issued by DeFi Development Corp. The launch represents a natural next step in the movement of public assets onchain, expanding access and adding a new venue alongside Nasdaq.
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