DeFi Development Corp preferred shares tokenized as CHADx on 10 blockchains

DeFi Development Corp, an asset manager in the Solana ecosystem, has issued its preferred shares as a multichain tokenized stock, according to tokenized securities platform xStocks. xStocks said on Nov. 12 that DeFi Development Corp’s preferred shares, ticker CHAD, were formally launched as the tokenized stock CHADx across 10 blockchain networks. The asset is designed as a digital credit structure that pays daily dividends to onchain investors. CEO Joseph Onorati said CHADx’s onchain trading volume exceeded the size of its over-the-counter trading in traditional finance on its launch day.