DeFi Development Corp. 

DFDVX Price

What is DeFi Development Corp. (DFDVX) tokenized stock?

DFDVX is a tokenized version of DeFi Development Corp.'s common stock (Nasdaq: DFDV), issued as an xStock by Backed Assets (JE) Limited in partnership with Kraken. Launched in June 2025, the token gives traders around-the-clock on-chain exposure to the first US-listed Solana treasury company — equity price exposure packaged as a tradable crypto instrument usable on DEXs and in DeFi.

How does DFDVX relate to DFDV stock?

DFDVX is a 1:1 on-chain wrapper of Nasdaq-listed DFDV shares. Each token represents one share of DeFi Development Corp. held in custody by the issuer, so the token price tracks the underlying equity. The wrapper adds 24/7 trading and DeFi composability on top of regular market-hours access. Outside Nasdaq hours, the tokenized price can drift from the share price.

Is DFDVX backed by real shares?

Yes. Every DFDVX token is minted against one DeFi Development Corp. share custodied by the issuer, Backed Assets (JE) Limited, under the Kraken xStocks program. The instrument is fully backed rather than synthetic — supply exists only against custodied shares. As of its June 2025 launch, DFDVX was reported as the first US-listed equity tokenized natively on Solana.

How do xStocks redemptions work for DFDVX?

xStocks issuance and redemption run 1:1 through the issuer: a new DFDVX token is minted only when a DFDV share is placed in custody, and a redeemed token releases the underlying share. DFDVX has no independent emission schedule or algorithmic supply — the mint/redeem process with Backed Assets (JE) Limited is the only mechanism that changes the token count.

Does DFDVX have a fixed maximum supply?

No fixed maximum supply exists for DFDVX. The token carries an elastic mint/redeem inventory that expands and contracts with the number of tokenized shares — see the live supply figure on the page's supply data. Classic token vesting and unlock calendars do not apply; dilution risk instead follows the underlying company's equity issuance.

Can I buy tokenized DFDV on Solana?

Yes. DFDVX exists as a native Solana SPL token, and the Meteora DEX hosts the DFDVX/SOL pair — the primary on-chain trading route for the asset. A wrapped version of the token also lives on Arbitrum One with 18 decimals, extending access to EVM-compatible wallets and protocols. Both contracts are verifiable on their respective block explorers, Solscan and Arbiscan.

Where can I trade DFDVX?

Per DropsTab data, DFDVX trades in three market types: Gate spot (DFDVX/USDT), a Gate.io Futures perpetual (DFDVX_USDT), and the Meteora DEX pair DFDVX/SOL on Solana. Kraken offers DFDVx through its own xStocks product; DropsTab tracks the on-chain Backed token, so additional venue listings do not map one-to-one. Spot liquidity concentrates in a single centralized venue.

What is SOL Per Share?

SPS is the headline metric of DeFi Development Corp., the company behind DFDV. DeFi Development Corp. operates as the first public Solana Digital Asset Treasury (DAT) firm — a Nasdaq-listed company that accumulates SOL and reports the amount of Solana held per share of DFDV stock. SPS links the equity's value to its Solana holdings.

Is it safe to buy tokenized stocks like DFDVX?

Tokenized US equities such as DFDVX carry three concrete risks. Access is restricted — tokenized US stocks are generally unavailable to US persons, and eligibility varies by jurisdiction. Liquidity is thin: DropsTab data shows DFDVX spot coverage concentrated on Gate, with the Meteora DFDVX/SOL pair as the main on-chain route, both shallow relative to the Nasdaq-listed underlying. The tokenized price can also trade at a premium or discount to the share outside Nasdaq market hours.