DeFi Dev Corp’s $11.5M Solana bet: Blockchain-driven equity ahead?

DeFi Dev Corp’s $11.5M Solana bet: Blockchain-driven equity ahead?

Table of Contents

  • Defi Dev Corp evaluates stocks via Kaken-xStocks on Solana, shares and Blockchain.
  • The institutional interest in Solana grows, nourishes the adoption of RWA and the morale of the upscale market.

Defi Development Corp, which was previously working, pushes more to Solana [SOL] The ecosystem by the shares symbol circulated to the public.

In partnership with Kraken, the company will bring its shares onlain under Tecker DFDVX, which represents a basic step in blocking traditional markets with decentralized financing.

These distinctive assets can be transferred smoothly in transactions from counterpart to counterpart, which provides liquidity around the clock through decentralized platforms.

Defi Development Corp. Blockchain

According to the hadith advertisementDefi Development Corp will benefit from XSTOCKS, a symbolic platform developed by Backed, to bring its shares onchain.

For those who are not aware, Krakeen previously cooperated with Xstocks in May to make symbolic versions of major American stocks, such as Apple, Tesla and Nvidia, available to international users.

Xstocks that works on Solana Blockchain, and provides the basic infrastructure needed for actual time trading through Blockchain technology.

The DFDVX launch, the distinctive version of Defi Development Corp.

What is more?

The company has already purchased $ 11.5 million in Sol as part of its initial efforts. Note to himself, Joseph Onurati, CEO of Defi Development Corporation, said in a statement.

“We look at the distinctive symbol of our stock as the Defi Lego bloc, which developers and institutions can build on top.”

This coincided with the United States recently ban Capital registration efforts of one billion dollars by Defi Development Corp.

Despite the setback, the company’s shares (DFDV) increased by 4.84 % in pre -market trading, reaching $ 24.81 before giving up some gains later in the session.

However, by the conclusion of the last session, the price was slightly corrected, and it is dipped by 0.28 %, according to Google Financing.

How to help Rwas Solana

This highlights the growing momentum on the adoption of assets in the real world (RWA) that strengthens Solana’s position as a serious competitor in institutional financing.

Once it is seen primarily as a theme for the mimosin, Solana is now witnessing an increase in the institutional interest, with major players such as Kraken, Sucuritize, Oondo Finance and Robinhood to benefit from its capabilities.

This institutional transformation was validated by Solana’s choice of the state -backed Stablecooin initiative in Wyoming and the emergence of the original locker companies such as Defi Dev Corp and Sol.

This sets the basis for future RWA projects.

Positive feelings have also spared the performance of the Sol Market, with the distinctive symbol by 7.37 % over the past 24 hours of trading at $ 144.42, according to Coinmarketcap.

In fact, Anthony Scammochi of Skybridge Capital recently Express Confidence that Solana may excel in the end ethereum [ETH] In the market value, it indicates an increase in the belief in Solana’s future domination.

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