Gemini enables tokenized Sol Staking, DFDV Stock in Solana

• Gemini launches Sol Staking for agencies, offering secure cold storage and a choice of validators.
• Purpose Solana ETF and DFDV lead adoption of Sol staking sol through Gemini Custody.
• Kraken’s Xstocks tokenized DFDV stocks, expanding Solana’s real-world asset reach.

Gemini has launched institutional staking for Solana (SOL) and is deepening institutional access to the rapidly growing blockchain. The move will allow ETFs, corporate finance ministry, and wealthy individuals to earn staking rewards through Gemini custody. This announcement is another milestone in Solana adoption in 2025. This development is because more institutional players integrate Sol into their asset allocation strategies.

Gemini opens staking for institutions

Gemini’s new custody product allows clients to wager Solana while keeping their tokens in a secure, separate cold wallet. Institutions can choose their own validators or use gemini. This adds flexibility to large investors with specific stakeholder needs. The service is expanding the previous launch of Solana Staking’s Gemini for retail users.

Institutional clients can also participate in the consensus of certification and earn yields. One of the first recruits was Canadian objective investment, and its Sol ETF debuted on the Toronto Stock Exchange in April 2025. The fund gives SOL physical exposure and receives staking rewards that are added directly to the fund.

The purpose was to partner with Gemini to manage staking infrastructure and custody. “Parting with Gemini to provide Solanas staking will strengthen our leadership,” said Vlad Tasewski, Chief Innovation Officer of Purpose Investment. The Soll ETF is a second staking-enabled crypto fund of purpose built on Gemini Custody. This partnership shows an increasing appetite for crypto-yield products among traditional investment managers.

Defi Development Corp. (DFDV) is also participating in Gemini’s staking service, as it is publicly traded on the Solana Treasury Company. The company recently raised a $5 billion credit line to increase Sol Holdings. DFDV’s CIO and COO Parker White highlighted the flexibility of the platform. “We can coordinate our staking strategies with our ecosystem partners while maintaining the highest level of custody,” he said.

DFDV tokenize Solana stock via Kraken

While Gemini is stepping up staking, Defi Development Corp. is further promoting Solana adoption. The company tokenizes its stock through Kraken and becomes the first US-listed Crypto Treasury Firm to DFDV with Onchain Equity Access.

Tokenized stocks are issued via Xstocks, a tokenization platform built by Bucked. Kraken partnered with Xstocks in May to launch tokenized trading of top public stocks such as Apple, Tesla and Nvidia. DFDV will participate in the first Xstocks cohort and trade under the symbol DFDVX. Tokenized stocks provide global users with on-chain access to the company’s capital.

CEO Joseph Onorati described this move as a fundamental step. “We consider tokenization of stock as defi LEGO blocks,” he said. The company aims to enable developers and institutions to build around tokenized equity.

DFDV was previously known as Janover and was rebranded earlier this year to reflect its cryptocurrency strategy. Currently, they hold important Sol allocations and are actively betting on those assets. The company’s inclusion in Kraken’s Xstocks platform marks a new stage in actual asset tokenization. It also strengthens Solana’s position as a fundamental layer of tokenized stocks and financial strategy.

Related: EU Crypto Market starts near Gemini and Coinbase’s MICA license

Gemini’s staking services and stock tokenization of DFDVs take place amid a broader institutional shift to Solana. Analysts cite lower fees, higher throughput and increased developer activity as key factors driving adoption.

As more regulated companies integrate Solana, the role of blockchain in traditional finance appears to be expanding. The combination movement by Gemini and Kraken shows how institutional use of Solana matures rapidly. It is expected that more ETF issuers and financial strategy companies will continue. Meanwhile, Kraken’s Xstocks were able to further bridge the stock and the code through tokenized stocks built in Solana.

Together, these developments represent major milestones for Solana in 2025. Facility-grade staking and tokenized stocks could drive further growth in both crypto and traditional markets.