# DeFi Development Launches CHADx Across 10 Public Blockchains By John Kim Canonical URL: https://www.tokenpost.com/news/business/55173 Published: 2026-11-12T09:19:00.000Z Updated: 2026-11-12T09:19:00.000Z Section: Business > Each token represents one CHAD preferred share and is backed by shares in custody, but gives holders no ownership or voting rights. DeFi Development Corp. announced the CHADx launch on Nov. 11, making tokenized exposure to its Nasdaq-listed preferred stock available across 10 public blockchains, including Solana, for investors outside the United States. Each CHADx token represents one CHAD share. xStocks entities issue the tokens through a partnership with DeFi Development, with the underlying shares held in custody. Holders get economic exposure to CHAD but have no ownership or voting rights in the shares backing the tokens. The product targets investors outside the United States. The offering uses Regulation S, which covers securities offered outside the country, along with a prospectus approved in the European Union. Users who pass know-your-customer (KYC) checks can exchange stablecoins for CHADx and redeem tokens for stablecoins. CHADx is designed to reflect CHAD’s declared dividends automatically. The annual dividend rate became 14% effective Nov. 2, calculated against a $10 stated amount, or $1.40 per share annually. DeFi Development had previously announced [the increase in CHAD’s annual dividend rate](). ## Links in this article - [the increase in CHAD’s annual dividend rate](https://www.tokenpost.com/news/business/32780)