DeFi Development tokenizes CHAD preferred stock for onchain trading on Solana and other blockchains. - Pluang
DeFi Development Corp. has tokenized its Variable Rate Series C Perpetual Preferred Stock (CHAD) as CHADx, a 1:1 tokenized version available on Solana and nine other blockchains.
The new CHADx token represents a 1:1 tokenized version of DeFi Development Corp.'s Variable Rate Series C Perpetual Preferred Stock (CHAD). It is available on Solana and nine other blockchains, allowing investors to hold and trade the asset onchain. This innovation provides easier access to the preferred stock beyond traditional brokerage accounts and outside regular market hours.
CHADx reflects daily dividends automatically in token balances, though it does not confer ownership rights of the underlying shares. This move expands access to digital credit products and aligns with DeFi Development's strategy to integrate public assets with onchain finance. The company is leveraging Solana's ecosystem to facilitate this integration.
For readers following US stocks on Pluang, the market snapshot as of Nov 12, 2026 03:31 WIB shows 96 out of 150 priced US stocks rose and 52 fell. Notable movers include MRVL at USD 169.34 with a 1-day change of +9.69% and a Pluang order activity split of 53% Sell / 47% Buy. IQ at USD 0.96 with +8.83% change and 42% Sell / 58% Buy, and INTC at USD 62.60 with +7.69% change and 24% Sell / 76% Buy. Typical hold times range from 46 to 116 days on Pluang.
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