DeFi Development Corp launched CHADx, a tokenized version of its CHAD preferred stock, on November 11, 2026, in partnership with xStocks. The token is available across 10 public blockchains, including Solana, and each token represents one CHAD share on a 1:1 basis. Holders receive economic exposure to cumulative dividends paid daily, with the annual rate increasing to 14% on November 2, 2026, but do not receive voting rights or legal ownership of the underlying shares. After identity verification, investors can mint or swap tokens for stablecoins and redeem them, subject to rules applicable to securities offerings outside the United States. The September 2026 public offering sold 1.375 million shares at $8 each, raising approximately $11 million.
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