According to @dydxfoundation, the Nasdaq-listed firm DeFi Development Corp. (DFDV), which has a crypto treasury strategy centered on Solana (SOL), will tokenize its company shares on the Solana network. The tokenized equity will trade under the ticker DFDVx on the crypto exchange Kraken's upcoming tokenized stock platform, xStocks, as stated in a press release. DFDV's CEO, Joseph Onorati, referred to the tokenized stock as a "DeFi lego block," highlighting its potential as a foundational component for developers to build new financial applications. This move aligns with the growing trend of tokenizing real-world assets (RWA), which offers benefits like 24/7 trading and faster settlement. A report from BCG and Ripple cited in the text projects the RWA market could potentially reach $18.9 trillion by 2033, indicating significant growth potential for platforms and ecosystems like Solana that facilitate it.

According to @dydxfoundation, the Ink Foundation is launching its INK token via an airdrop on an Aave-powered DeFi protocol, aiming to establish onchain capital markets with a liquidity-focused approach. The INK token has a hard cap of 1 billion and its governance will be separate from the layer 2 chain, a move to address concerns over token launches being used as exit liquidity, as cited in the report. However, the launch faces a challenging market where Ink's Total Value Locked (TVL) is just over $7 million, according to DefiLlama data. In parallel, DeFi Development Corp. (DFDV), a Nasdaq-listed firm with a Solana (SOL) treasury, is tokenizing its shares on the Solana network under the ticker DFDVx through Kraken's upcoming xStocks platform. This initiative taps into the growing Real-World Asset (RWA) tokenization trend, which a BCG and Ripple report estimates could become an $18.9 trillion market by 2033. These developments occur as market data shows both Solana (SOL) and Ethereum (ETH) are trading down, with SOL at approximately $149.16 (-1.37%) and ETH at $2,533.74 (-1.21%) over the past 24 hours.

According to dydxfoundation, Nasdaq-listed DeFi Development Corp. (DFDV), a company with a crypto treasury strategy focused on Solana (SOL), is set to launch its tokenized shares on the Solana network via Kraken's upcoming xStocks platform. The token, under the ticker DFDVx, is described by DFDV CEO Joseph Onorati as a "DeFi lego block" intended for integration into decentralized finance applications, according to the press release. This initiative aligns with the expanding market for Real-World Asset (RWA) tokenization, which a BCG and Ripple report projects could reach $18.9 trillion by 2033. For traders, the source suggests strategies such as dollar-cost averaging a portfolio and setting clear trading plans for key assets like Ethereum (ETH) at specific price levels, such as $1,200 or $4,000. Current market data shows SOLUSDT trading at $149.16.

According to @dydxfoundation, Nasdaq-listed DeFi Development (DFDV) is significantly increasing its capacity to purchase Solana (SOL) through two major funding initiatives. The company secured a $5 billion equity line of credit with RK Capital Management, providing flexible capital to scale its SOL holdings, as stated in a press release. This news initially pushed DFDV shares up 12%. Subsequently, the firm announced an upsized $112.5 million convertible note offering to fund more SOL acquisitions and a stock buyback program, which saw its stock price dip 12%. These moves are part of DFDV's strategy to emulate MicroStrategy's approach with Bitcoin (BTC) by building a large cryptocurrency treasury focused on Solana. As of May 16, the firm held over 609,000 SOL. The aggressive fundraising signals strong institutional interest in accumulating SOL, which is currently trading around $152 with a 24-hour gain of over 3% against USDT.

According to @dydxfoundation, Nasdaq-listed firm DeFi Development (DFDV) has secured a $5 billion equity line of credit with RK Capital Management, explicitly to increase its treasury holdings of Solana (SOL), creating significant potential buying pressure for the asset. The source states DFDV held over 609,000 SOL as of May 16. In other major ecosystem news, Polygon (MATIC) is undergoing a strategic overhaul, with co-founder Sandeep Nailwal taking over as CEO of the Polygon Foundation. The project will now focus on its AggLayer for cross-chain liquidity and will retire its zkEVM rollup network, marking a significant pivot in its technical roadmap. Additional developments include Bitcoin Core's plan to increase the OP_RETURN data limit, potentially impacting network usage and fees, and the Ethereum Foundation's new treasury policy to ensure long-term sustainability.