- DeFi Development Corporation: Janover Makes Strategic Pivot and Acquires 88,164 SOL
- The company is transforming into a crypto treasury vehicle focused on Solana-based assets
- Its new website provides public access to treasury data, including balances, metrics, and SOL per share
- Meanwhile, the company maintains its legal structure and financial reporting obligations
- Its existing PropTech platform continues to operate in parallel
DeFi Development Corporation: Janover makes a strategic pivot and acquires 88,164 SOL, marking a shift from a traditional PropTech platform to a public-facing crypto treasury model with a mission to deliver on-chain transparency for public market investors.
At the same time, the company’s core business — a digital platform in the commercial real estate space — remains active, while the primary strategic focus shifts toward crypto-native capital allocation and the formation of new digital asset infrastructure for public investors.
Details of DeFi Development Corporation’s Transition
This represents a significant change, but it is important to emphasize that it is not a complete abandonment of the company’s existing business. Rather, it is a fundamental shift in strategy and priorities. The company now positions itself as a crypto treasury vehicle — a public-facing digital asset treasury, primarily focused on SOL.
Accordingly, the corporate transformation includes several key elements:
- The company has officially completed its name change from Janover Inc. to DeFi Development Corporation.
- This name change does not affect the company’s legal structure, business operations, or financial reporting obligations.
- A ticker change on the NASDAQ from the current JNRV to the new DFDV is expected in the future. The effective date of this change has not yet been announced.
- All shareholders retain their rights and are not required to take any action in connection with the transition.
As CEO Joseph Onorati stated:
“This marks the beginning of a new chapter for the business. Our mission is to bring transparent, crypto-native capital allocation into the public markets — and this name change reflects that commitment.”
SOL will become the primary asset on the company’s balance sheet, with the strategy aimed at providing economic exposure to the Solana ecosystem. This means that investors holding shares of DeFi Development Corporation gain indirect participation in the market value of SOL without holding the tokens directly.
This transition is also accompanied by the launch of an updated website, which will serve as a public treasury disclosure platform. It will allow investors to evaluate the company’s positions similarly to traditional currency or fixed income reserve reporting but with on-chain tools:
- Current Solana (SOL) treasury balance
- SOL per Share (SPS) — representing the amount of SOL backing each share
- Additional financial metrics related to the crypto reserves
In addition to this, DeFi Development Corporation executed a major acquisition — 88,164 SOL for approximately $11.5 million, bringing its total holdings to 251,842 SOL, valued at around $34.4 million.
Conclusion
The launch of DeFi Development Corporation as a public-facing crypto treasury built on SOL could mark a pivotal development for U.S. public markets. Unlike companies that simply hold crypto assets as reserves (such as MicroStrategy with BTC), this approach emphasizes infrastructure-level transparency, regular on-chain reporting, and the creation of a product specifically tailored for public market investors.
Institutionally, this may represent the first case of a public PropTech company simultaneously executing a cryptocurrency-focused strategy, offering exposure to digital assets through publicly traded equity. This could be viewed as a new investment vector — where public companies maintain tokenized reserves as a distinct asset class.
