TechFlow news, June 24 — According to Cointelegraph, DeFi Development Corp, formerly known as Janover and the treasury entity of Solana, announced a partnership with cryptocurrency exchange Kraken to tokenize its shares. The company will use Backed's xStocks tokenization platform to bring shares onto the Solana blockchain.
Joseph Onorati, CEO of DeFi Development Corp, described share tokenization as "the Lego blocks of decentralized finance," enabling developers and institutions to build applications on top of them. The company recently purchased $11.5 million worth of SOL and plans to raise $1 billion to increase its holdings.
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