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DeFi Development Corp. Announces CHAD Preferred Stock Now Tokenized in Partnership with xStocks

  • DeFi Development Corp. (Nasdaq: DFDV) announced the tokenization of its Variable Rate Series C Perpetual Preferred Stock (Nasdaq: CHAD) in partnership with xStocks.
  • The new tokenized product, CHADx, is a 1:1 representation of CHAD shares backed by custody-held stock & is now live on Solana plus nine other major blockchains.
  • CHADx is offered by xStocks rather than the Company & allows eligible investors to hold, trade, & gain economic exposure to CHAD beyond traditional brokerage channels including outside regular market hours.
  • Holders of CHADx do not receive shareholder rights or ownership of underlying shares; instead, daily dividends are automatically reflected as an increase in the token balance each trading day.
  • Effective November 2, 2026, CHAD carries an annual dividend rate of 14.00% ($1.40 per share on a $10.00 stated amount) which is cumulative & payable daily when declared by the Board.
  • The launch follows the previous tokenization of DFDV common stock (DFDVx) & aims to integrate preferred digital credit instruments into the onchain environment.
  • DeFi Development Corp. maintains a treasury strategy allocating principal reserves to Solana (SOL) & operates validator infrastructure to generate staking rewards & fees.
  • The Company also operates an AI-powered online platform providing software subscription services to the commercial real estate industry.
Company
DeFi Development Corporation
Keywords
Nasdaq:DFDV, DeFi Development Corporation, Defi Development Corporation