Development Corp., the first public company with a treasury strategy built to accumulate and compound Solana, unveiled an LOI to set-up DeFi Development Corp. Korea, a Solana Digital Asset Treasury (“DAT”), through the Company’s Treasury Accelerator program.
DFDV Korea will be built through the acquisition of a publicly listed company in Korea. A management team from Fragmetric will guide the new entity, bringing deep experience in Korea’s digital asset markets and institutional channels.
In this agreement, 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.
The creation of DFDV Korea expands the Company’s Treasury Accelerator program, which will help catalyze DATs across the globe.
DeFi Development Corp. aims and helps investors globally gain structured exposure to crypto, with Solana DATs in particular building new sources of demand for SOL that benefit the broader ecosystem.
The Company provides AI-powered online service that connects the commercial real estate industry by giving 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.
Executive Statement
According to Joseph Onorati, Chief Executive Officer of DeFi Development Corp., Korea has one of the most vibrant trading communities in the world, yet institutional access to Solana remains extremely limited. That scarcity value makes a Solana DAT in Korea especially compelling. By partnering with Fragmetric, they can combine their treasury expertise with a local team that knows how to execute and scale within this unique market.