BOCA RATON, FL, June 04, 2025 (GLOBE NEWSWIRE) — DeFi Development Corp. (Nasdaq: DFDV) (the “Company” or “DeFi Dev Corp.”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced a strategic partnership with Fragmetric, a pioneering native liquid restaking protocol built on Solana. As part of the collaboration, Fragmetric will be integrating the dfdvSOL Liquid Staking Token (LST) into its restaking platform, making dfdvSOL one of only five LSTs currently supported by the protocol.
Originally developed using the technology and infrastructure provided by Sanctum, a leading provider of liquid staking solutions on Solana, dfdvSOL has been adopted by DeFi Dev Corp. as a key asset in its staking and treasury strategy. Through this new integration, Fragmetric will enable holders of dfdvSOL to deposit their tokens into Fragmetric and receive fragSOL, a token that unlocks access to restaking rewards across Solana’s growing Node Consensus Network (NCN) ecosystem.
“We are excited to see dfdvSOL become part of Fragmetric’s advanced restaking infrastructure,” said Parker White, COO & CIO of DeFi Development Corp. “This partnership represents another step in our commitment to increasing SOL exposure per share for our shareholders through innovative, reward generation strategies.”
The addition of dfdvSOL reflects Fragmetric’s commitment to composability and integration. As part of its broader Normalized Token Program, Fragmetric enables a seamless user experience for minting fragSOL using any of several supported LSTs – including JitoSOL, BNSOL, bbSOL, and now dfdvSOL.
Disclaimer: DeFi Dev Corp. receives a commission on the SOL rewards generated from its validator operations and a portion of the fee imposed via the Sanctum protocol based on staking operations by dfdvSOL users. DeFi Dev Corp. is not responsible for the development, security, or operation of either Fragmetric’s or Sanctum’s technology or infrastructure, and is not acting on behalf of either Fragmetric or Sanctum. Users should independently evaluate the risks associated with LSTs and related technologies.
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 Solana (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 is a native liquid restaking protocol on Solana, with a vision of enhancing the Solana ecosystem’s security and economic potential. Through implementing the advantages of Solana’s token extension, Fragmetric has effectively implemented NCN reward distribution. Furthermore, Fragmetric designed practical solutions, the Normalized Token Program for leveraging various LSTs in restaking platforms. Fragmetric’s mission is to build a secure, transparent, and highly efficient restaking infrastructure that empowers users and supports the stability of the Solana’s restaking 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 the Company’s current beliefs, expectations, and assumptions regarding the future of its 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 the Company’s control. The Company’s 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) volatility in our stock price, including due to future issuances of common stock and securities convertible into common stock; (iii) the effect of and uncertainties related the ongoing volatility in interest rates; (iv) our ability to achieve and maintain profitability in the future; (v) 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; (vi) changes in the accounting treatment relating to the Company’s SOL holdings; (vii) 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; (ix) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (x) 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:
Prosek Partners
pro-ddc@prosek.com
