In a bold strategic shift, Janover Inc. has rebranded to DeFi Development Corporation (DFDV) and completed an $11.5 million purchase of Solana (SOL), doubling down on its transformation into a crypto-native public market vehicle focused on transparent digital asset management.
The company now holds 251,842 SOL, valued at approximately $34.4 million, and will offer real-time treasury disclosures, staking performance metrics, and SOL-per-share data through its new platform, www.defidevcorp.com.
“This marks the beginning of a new chapter for the business,” said CEO Joseph Onorati, positioning the firm as a publicly traded Solana exposure vehicle. “Our mission is to bring transparent, crypto-native capital allocation into the public markets — and this name change reflects that commitment.”
Stock Surges on Crypto Pivot
Shares of DeFi Development Corp surged 10% to $43.50 on the Nasdaq following the announcement, reflecting investor enthusiasm for the company’s aggressive entry into the digital asset space. The firm’s ticker symbol will change to DFDVin the near future, with no action required from shareholders.
The $11.5 million Solana acquisition was funded through a recent $42 million capital raise, underscoring institutional interest in the company’s pivot. All newly acquired SOL will be staked, both to generate yield and to support the broader Solana network by running validators.
From Real Estate to DeFi
Previously known for its real estate SaaS solutions, Janover’s active software operations remain in place, but the company has made clear that its future growth strategy is rooted in digital asset infrastructure. The transition effectively recasts DeFi Development Corp as a hybrid — maintaining legacy tech operations while functioning as a crypto-native treasury.
This puts DeFi Development Corp in a small but growing group of public companies using blockchain assets as core balance sheet components, with a focus on transparency, staking, and investor access to on-chain metrics.
As of April 22, DeFi Development Corp reports 0.17 SOL per share, with the asset priced at $23.47 — a 62% gain from the prior reporting period. These metrics will be updated in real-time, an uncommon level of disclosure in the traditionally opaque world of treasury management.
Long-Term Vision: Institutional Onboarding to Web3
The company’s roadmap includes expanding its role within the Solana ecosystem through validator services and staking initiatives, while gradually broadening its treasury model to include other crypto assets. Onorati emphasized that the firm is committed to bridging Web2 capital markets with Web3 asset structures, potentially offering a new standard for crypto-integrated corporate governance.
“The public markets are ready for transparent exposure to digital assets,” said Onorati. “We’re building a model that gives institutions and retail investors access to crypto-native performance — without the opacity or over-the-counter complexity.”
Outlook: Riding the Solana Momentum
Solana’s resurgence in 2025 — bolstered by developer activity, NFT growth, and DePIN use cases — makes it a strategic pick for treasury allocation. While volatility remains a factor, DeFi Development Corp’s long-term commitment to staking and validator operations aims to offer both capital appreciation and yield-based returns.
With traditional institutions increasingly seeking regulated pathways to crypto exposure, DeFi Development Corp could become a template for future public companies navigating a hybrid Web2-Web3 financial landscape.
