DeFi Development Corp adds $11.5m in Solana, rebrands from Janover

DeFi Development Corporation, formerly known as Janover Inc., has officially changed its corporate name to reflect a new focus: building a transparent, crypto-native treasury strategy for public market investors. 

The rebrand comes alongside a fresh $11.5 million purchase of Solana (SOL), bringing the company’s total SOL holdings to approximately $34.4 million.

The company’s ticker symbol will also change to “DFDV” on the Nasdaq at a later date, though no action is required from shareholders. 

“This marks the beginning of a new chapter for the business,” said CEO Joseph Onorati. “Our mission is to bring transparent, crypto-native capital allocation into the public markets — and this name change reflects that commitment.”

The company’s stock jumped on the news and is currently trading up 10% at $43.50 per share.

Real-time Solana balances

As part of the transition, DeFi Development Corporation is launching a new website — www.defidevcorp.com — to provide ongoing disclosures related to its treasury, including real-time Solana balances, staking metrics, and SOL per share. 

As of April 22, the company holds 251,842 SOL, equal to 0.17 SOL per share, valued at $23.47 each — a 62% increase from the last reporting period.

The latest Solana purchase was funded from a recently completed $42 million raise. All newly acquired SOL will be staked, earning native rewards and contributing to network security. The company also intends to run Solana validators to further integrate with the ecosystem.

While its real estate SaaS platform remains active, the company’s strategic pivot positions it as a publicly traded crypto treasury vehicle offering exposure to Solana for institutional and retail investors.