BOCA RATON, FL, Sept. 22, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the "Company") the first public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced an LOI for the establishment of DeFi Development Corp. Korea ("DFDV Korea"), a Solana Digital Asset Treasury ("DAT"), through the Company's Treasury Accelerator program.
DFDV Korea will be created through the acquisition of a publicly listed company in Korea. A management team from Fragmetric will lead the new entity, bringing deep experience in Korea's digital asset markets and institutional channels. As part of the partnership, DeFi Development Corp. established a partnership fee arrangement tied to services such as asset management, accounting/finance support, and technology services, and will receive an equity stake in DFDV Korea.
"Korea has one of the most vibrant trading communities in the world, yet institutional access to Solana remains extremely limited," said Joseph Onorati, Chief Executive Officer of DeFi Development Corp. "That scarcity value makes a Solana DAT in Korea especially compelling. By partnering with Fragmetric, we can combine our treasury expertise with a local team that knows how to execute and scale within this unique market."
The creation of DFDV Korea expands the Company's Treasury Accelerator program, which will help catalyze DATs across the globe. Through this initiative, DeFi Development Corp. is helping investors worldwide gain structured exposure to crypto, with Solana DATs in particular creating new sources of demand for SOL that benefit the broader ecosystem.
About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance ("DeFi") opportunities and continues to explore innovative ways to support and benefit from Solana's expanding application layer.
The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.
The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts ("REITs"), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities ("CMBS") lenders, Small Business Administration ("SBA") lenders, and more. The Company's data and software offerings are generally offered on a subscription basis as software as a service ("SaaS").
About Fragmetric
Fragmetric began as Solana's first native liquid (re)staking protocol and evolved into the advanced FRAG-22 asset management standard. This new standard seamlessly integrates multi-asset deposits, precise reward distribution, and modular yield sourcing, empowering both developers and users to efficiently access sophisticated DeFi strategies.
Leveraging Solana's Token extension, FRAG-22 offers transparent, real-time reward tracking and streamlined liquidity management. With clearly defined operational roles and secure protocols, Fragmetric emphasizes composability, scalability, and a consistent user experience within the Solana ecosystem.
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company's SOL are carried on its balance sheet; (ii) the effect of and uncertainties related to the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company's SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Investor Contact:
ir@defidevcorp.com
Media Contact:
press@defidevcorp.com
