DeFi Development Corp.

DeFi Development Corp. is a publicly traded company that builds and manages a digital asset treasury strategy focused on the Solana blockchain ecosystem. The company also provides an artificial intelligence (AI) platform connecting commercial mortgage and small business borrowers with commercial property lenders. In 2025, DeFi Development Corp. shifted its main business strategy to acquiring, holding long-term, and actively managing Solana (SOL) and SOL-related digital assets. Its treasury strategy involves accumulating SOL, locked SOL, liquid staking tokens like dfdvSOL, and other SOL-denominated or SOL-native positions, while actively supporting the Solana ecosystem. The company operates and manages Solana validators and delegates its digital asset holdings to external validators, participating in the Solana proof-of-stake consensus mechanism and generating staking rewards. DeFi Development Corp. has two operating segments: The Digital Asset Treasury segment executes and manages the company's treasury strategy, including its owned and managed SOL validators. This segment assesses capital market conditions, the broader cryptoeconomy, and macroeconomic factors to determine the timing and structure of financing transactions supporting the digital asset treasury strategy, with the primary goal of expanding Solana ecosystem exposure long-term. The Real Estate Platform segment operates a commercial real estate technology platform, offering data, software subscriptions, and value-added services that connect commercial property borrowers and lenders, including banks, credit unions, real estate investment trusts (REITs), debt funds, and other institutional capital providers. DeFi Development Corp. was originally formed as Janover Ventures, LLC, on November 28, 2018, in Florida, and converted to Janover Inc., incorporated in Delaware on March 9, 2021.