On June 23, 2025, DeFi Development Corp., previously known as Janover, announced its collaboration with Kraken to tokenize its shares via the xStocks platform developed by Backed. This initiative aims to bring its shares on-chain, allowing for the tokenization of stocks from US-listed companies like Apple and Tesla. Built on the Solana blockchain, the platform is seen as a foundational element for developers and institutions. Following the announcement, DeFi Development's stock rose over 3% in early Nasdaq trading, currently at $25.03. The company has been actively acquiring Solana, having purchased $11.5 million worth since its rebranding. Despite the potential of tokenized stocks, they represent a small fraction of the $24.3 billion real-world asset market, totaling only $365 million. Other firms, including Robinhood, are also exploring tokenized stock offerings for non-US investors, indicating a growing interest in this financial innovation. Read more AI-generated news on: https://app.chaingpt.org/news