DeFi Development Corp. Announces CHAD Preferred Stock Now Tokenized in Partnership with xStocks

CHADx provides economic exposure to preferred stock without conferring ownership of the underlying shares or shareholder rights.

Rhea-AI Summary

DeFi Development (Nasdaq: DFDV) announced that its CHAD preferred stock has been tokenized through a partnership with xStocks.

CHADx is live on Solana and nine other blockchains, backed 1:1 by CHAD shares held in custody. Offered through xStocks rather than issued by DeFi Development, it provides economic exposure without underlying share ownership or shareholder rights. Eligible investors can trade outside regular market hours; availability varies by platform and jurisdiction.

Effective November 2, 2026, CHAD's annual dividend rate is 14.00%, or $1.40 per share on its $10.00 stated amount. Dividends are cumulative, payable each business day if declared, and not guaranteed; the rate may change. CHADx is designed to reflect daily dividends through token-balance increases each trading day.

Positive

• Minor pointCHADx launch adds onchain access to CHAD economic exposure, including trading outside regular market hours.
• Minor pointCHAD annual dividend rate is 14.00%, effective November 2, 2026, with cumulative dividends payable if declared.

Negative

• Minor pointCHADx holders receive neither ownership of underlying CHAD shares nor shareholder rights.
• Minor pointCHAD dividends are not guaranteed, require board declaration, and carry an adjustable rate.
• Minor pointCHADx availability varies by platform and jurisdiction.

Key Figures

Tokenization ratio: 1:1 Additional blockchains: 9 major blockchains Annual dividend rate: 14.00% +1 more

Tokenization ratio

1:1

CHADx is a tokenized version of CHAD

Additional blockchains

9 major blockchains

CHADx is live on Solana and these additional blockchains

Annual dividend rate

14.00%

Effective November 2, 2026; dividends are not guaranteed

Annual dividend per share

$1.40 per share

Based on the $10.00 stated amount

Key Terms

perpetual preferred stock, cumulative dividends, stated amount, onchain

4 terms

perpetual preferred stock financial

"Variable Rate Series C Perpetual Preferred Stock (Nasdaq: CHAD)"

A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.

cumulative dividends financial

"Dividends are cumulative and payable each business day"

A feature of some dividend-paying securities—most often preferred shares—where any dividends the issuer skips or defers are recorded and must be paid later before other shareholders receive dividends. Think of it like missed subscription payments that pile up and must be settled first. For investors this matters because it increases the likelihood of receiving owed income and gives these holders priority on company cash, affecting income reliability and risk.

stated amount financial

"based on its $10.00 stated amount"

The stated amount is the dollar figure expressly set out in a legal document, security certificate, or contract as the amount owing, payable, issued, or to be treated as the nominal value (for example, the principal on a bond, the face amount of insurance, or the per‑share stated value of a stock). It is the number written into the instrument and used for contractual calculations and legal formalities, and it can differ from market value, recoverable value in a default, or accounting/book values.

onchain technical

"now live on Solana and nine other major blockchains"

"Onchain" describes activities, transactions, or data that happen directly on a blockchain, which is a digital ledger that records information transparently and securely. For investors, onchain activities provide real-time insights into how assets are moving and how networks are functioning, helping them make more informed decisions. Think of it as watching transactions happen live on a public record, similar to seeing a receipt posted online immediately after a purchase.

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BOCA RATON, FL, Nov. 11, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced that its Variable Rate Series C Perpetual Preferred Stock (Nasdaq: CHAD) has been tokenized in partnership with xStocks.

The tokenized product, CHADx, is a 1:1 tokenized version of CHAD, backed by CHAD shares held in custody, and is now live on Solana and nine other major blockchains. CHADx is offered through xStocks and is not issued by DeFi Development Corp. The launch represents a natural next step in the movement of public assets onchain, expanding access and adding a new venue alongside Nasdaq.

Tokenizing CHAD makes the Company's preferred stock far more accessible. Eligible investors can hold CHADx in a wallet, trade it onchain, and gain economic exposure to CHAD beyond a traditional brokerage account, including outside regular market hours.

“Tokenizing CHAD is a natural evolution of our capital markets strategy and of public assets moving onchain,” said Joseph Onorati, Chief Executive Officer of DeFi Development Corp. “CHAD was designed as a new form of SOL-powered digital credit, and CHADx now makes that product far more accessible. Investors can hold it in a wallet, trade it onchain, and participate beyond the traditional brokerage channel. This is how we believe preferred equity should work as capital markets and onchain finance come together.”

How CHADx Works

CHADx is a tokenized representation of CHAD and does not confer ownership of the underlying CHAD shares or shareholder rights. CHAD remains the Company's Nasdaq-listed Variable Rate Series C Perpetual Preferred Stock. Holders of CHAD receive cash dividends in a brokerage account when, as, and if declared and paid. On CHADx, those daily dividends are designed to be reflected automatically through an increase in the token holder's balance each trading day.

Availability of CHADx varies by platform and jurisdiction.

The launch of CHADx follows DFDVx, the tokenized version of the Company's common stock, and brings DFDV's preferred, digital-credit product into the same onchain environment.

Expanding Access to Digital Credit

CHAD is a central component of DFDV's capital markets strategy, introducing a digital credit instrument designed to combine a variable dividend rate with business-day payments and the accessibility of publicly traded preferred equity. Effective November 2, 2026, CHAD's annual dividend rate is 14.00%, equivalent to $1.40 per share based on its $10.00 stated amount. Dividends are cumulative and payable each business day when, as, and if declared by the Company's Board of Directors. The dividend rate may be adjusted over time, and dividends are not guaranteed.

Since its Nasdaq debut in September, CHAD has progressed toward broader distribution and has traded at its $10.00 stated amount in record time relative to competing digital credit products.

About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.

The Company is also an AI-powered online platform that connects the commercial real estate industry by providing value-add services and software subscriptions to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage. The Company’s data and software offerings are generally offered on a subscription basis as software as a service.

Investor Contact:
ir@defidevcorp.com

Media Contact:
press@defidevcorp.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is DeFi Development's CHADx token and who issues it?

CHADx is a 1:1 tokenized representation of CHAD preferred stock, backed by CHAD shares held in custody. It is offered through xStocks and is not issued by DeFi Development. It provides economic exposure without ownership of the underlying shares or shareholder rights.

How are DeFi Development's CHAD dividends reflected in CHADx?

CHADx is designed to reflect daily dividends automatically through an increase in the holder's token balance each trading day. CHAD shareholders instead receive cash dividends in a brokerage account when, as, and if declared and paid. Dividends are not guaranteed.