DeFi Development Corp. Launches Tokenized CHAD Preferred Stock with xStocks
DeFi Development Corp. teams up with xStocks to tokenize its CHAD preferred stock, enhancing accessibility for investors.
Boca Raton, FL, November 11, 2026 – DeFi Development Corp. (Nasdaq: DFDV), a pioneer in integrating digital assets with public investment strategies, has unveiled its tokenized Variable Rate Series C Perpetual Preferred Stock, known as CHAD, in collaboration with xStocks. This innovation marks a strategic evolution in how public assets are represented and accessed online.
Introducing CHADx: A New Era for Investors
With the launch of CHADx, the tokenization of CHAD creates a 1:1 digital version backed by actual CHAD shares stored securely. This new token is live not only on Solana but also across nine other major blockchain networks. Through xStocks, investors can now engage with CHADx, which represents a significant shift toward onchain investment opportunities.
Enhanced Accessibility for Investors
Tokenizing CHAD amplifies its accessibility, allowing qualifying investors to hold CHADx in a digital wallet and trade it seamlessly onchain. This method offers an alternative to traditional brokerage accounts, allowing transactions even outside standard market hours.
“The tokenization of CHAD is a logical advancement in our strategy to merge capital markets with onchain technology,” remarked Joseph Onorati, CEO of DeFi Development Corp.
Understanding the Functionality of CHADx
It's essential to note that CHADx serves as a tokenized representation of the preferred stock, but does not grant ownership of the underlying CHAD shares or investor rights. CHAD continues to be traded on Nasdaq as a Variable Rate Series C Perpetual Preferred Stock, offering cash dividends via brokerage accounts when declared by the company’s board. Instead, holders of CHADx experience an automatic increase in their token balance reflecting daily dividends.
Dividend Insights
As of November 2, 2026, CHAD boasts a 14.00% annual dividend rate, translating to $1.40 per share against its $10.00 stated amount. These dividends, cumulative in nature, are paid on business days if declared. It's worth mentioning that the dividend rate is subject to change, and there’s no guarantee of dividend payments.
A Step Forward in Digital Credit Accessibility
CHAD plays a pivotal role in the capital market strategy of DeFi Development Corp. It introduces a digital credit instrument characterized by variable dividend rates, providing efficient payment structures and the advantages associated with publicly traded preferred equity. The recent launch of CHADx follows a similar move with DFDVx, the tokenized version of the company's common stock, integrating both products into a unified onchain ecosystem.
About DeFi Development Corp.
DeFi Development Corp. operates under a treasury policy focused primarily on Solana (SOL). This strategic choice ensures that the company can offer direct economic exposure to SOL while contributing to the ecosystem's growth. Apart from holding and staking SOL, they maintain their validator infrastructure to earn rewards and fees from delegated stakes. The company is actively pursuing opportunities within decentralized finance (DeFi) to innovate and enhance its involvement in the burgeoning Solana application layer.
Additionally, DeFi Development Corp. is an AI-driven online platform that facilitates connections in the commercial real estate sector. With products and services offered on a subscription basis, they provide tools aimed at navigating the increasingly complex environment that industry stakeholders face.
