DeFi Development Corp., listed on Nasdaq under the ticker DFDV, has launched CHADx, a tokenized version of its CHAD preferred stock. The tokens are available across 10 public blockchains, including Solana, and were introduced on November 11, 2026. The project is a collaboration with xStocks, which acts as the issuer.
Each CHADx token corresponds to one CHAD share held in custody on a 1:1 basis. While the tokens provide economic exposure to daily dividends, they do not grant holders voting rights or ownership of the underlying shares. The annual dividend rate for the stock was increased to 14% on November 2, 2026, based on a stated value of $10 per share.
The product is restricted to non-US investors under SEC Regulation S and a prospectus approved in the European Union. Verified users can mint or redeem tokens using stablecoins after completing KYC procedures. This mechanism allows for trading outside of traditional brokerage systems.
DeFi Development Corp. originally launched the CHAD preferred stock in September 2026, selling 1.375 million shares at $8 each to raise approximately $11 million. By mid-September 2026, the notional value of the security had reached roughly $15.81 million.
