The decentralized financing company Defu Development has launched a partnership with Crypto-Monnricy Exchange Kraken.
This collaboration, announced on Monday, June 23, will see the Defi development team (DFDV) with Kraken to list the tokenized shares of its equity on the stock market on the Solana blockchain.
“Thanks to this partnership, DFDV joins the inaugural cohort of token actions on the next Xstocks platform in Kraken, alongside world giants like Apple, Tesla and Nvidia,” the company said in a press release. “The tokenized representation of Defi Dev Corp. will be negotiated under the DFDVX symbol, unprecedening unprecedented access to the company’s equity and by making the first cryptographic cash strategy listed in the United States to negotiate in Onchain. ”
The press release added that the beginnings of DFDVX mark an important step in the merger of traditional capital markets with the Solana ecosystem. With DFDVX Live Onchain, developers, institutions and protocols DEFI can create new products, integrate token equity into composable financial primitives and open new paths to participate in public stock markets.
“We consider the tokenization of our stock as a Lego DEFI block, whose developers and institutions can build,” said Joseph Onorati, CEO of Defi Dev Corp. “By putting DFDVX onchain, we will unlock the next innovation phase;
“As part of the XSTOCKS Alliance, we saw an incredible demand for access to American actions; The cryptographic community is delighted to access access to cryptographic cash strategy companies like DFDV, “said Val Gui, managing director of XSTOCKS for Kraken. “We are delighted to offer DFDVX on the Kraken Exchange.”
The press release added that the tokenization of DFDV actions occurs at a time when the request for real assets (RWAS) on Solana increases.
As the Pymnts wrote earlier, RWAs represent a “powerful convergence of blockchain technology and traditional finances”. And for financial directors (financial directors) and corporate treasurers responsible for supervising balance sheets, optimizing liquidity and reducing risks, RWAS could offer both convincing opportunities as well as additional complexity.
“Unlike cryptocurrencies, which derive their value from consensus and rarity, RWAS are anchored in real value and can often generate cash flows,” said this report. “For financial directors, this change indicates a passage from speculative digital assets to instruments which could be able to play tangible roles in liquidity management, the generation of elements and even the guarantee strategies.”
