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Cryptocurrency News Articles

DeFi Development Corp. DFDV (the "Company") the first public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced a strategic partnership with BONK

May 16, 2025 at 08:00 pm

As part of the partnership, DeFi Dev Corp. will operate and manage a jointly backed validator node. Both DeFi Dev Corp. and BONK will contribute to growing validator stake.

DeFi Development Corp. DFDV (the "Company") the first public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced a strategic partnership with BONK

DeFi Dev Corp. (NYSE:DFDV) (“DeFi Dev Corp.”), the first public company with a treasury strategy built to accumulate and compound Solana (SOL), today announced a strategic partnership with BONK, the premier community memecoin of the Solana ecosystem. BONK has a market capitalization exceeding $1.8 billion and more than 920,000 token holders.

As part of the partnership, DeFi Dev Corp. will operate and manage a jointly backed validator node. Both DeFi Dev Corp. and BONK will contribute to growing validator stake. Rewards will be shared between DeFi Dev Corp. and BONK. This marks the first validator partnership of its kind between a publicly listed company and a major community memecoin, establishing a new model for how institutional infrastructure and community tokens can align to advance decentralized networks.

The partnership aligns with DeFi Dev Corp.’s broader strategy to expand its validator business as a means to generate revenue, accumulate additional SOL, and ultimately grow SOL Per Share (SPS) - the Company’s proprietary performance metric that tracks how much SOL backs each share of DFDV. BONK is focused on securing the Solana network with the introduction of new validators and expanding usage of BONKSOL, the community-run Liquid Staking Token (LST). Working with DeFi Dev Corp. will add another high-quality validator focused on accumulating $BONK based on the staking rewards earned.

“We’re excited to partner with BONK, a uniquely powerful force within the Solana ecosystem,” said Parker White, CIO & COO of DeFi Dev Corp. “As we continue building out our validator infrastructure, this collaboration allows us to support one of the most dynamic, influential, and innovative communities in Web3 while simultaneously advancing our mission to maximize SOL per share for DFDV shareholders.”

BONK has become the social layer of the Solana ecosystem, with over 400 integrations across decentralized applications and protocols. It is the most widely used token on Solana other than SOL based on integrations. Available on 13 different blockchains, making it one of the most accessible and integrated community tokens in Web3.

As a utility token, BONK derives its value from community engagement and real usage across Solana’s vibrant dApp landscape. From NFT platforms to DeFi protocols, BONK is deeply woven into the user experience on Solana and is widely recognized as the true community coin of the ecosystem.

“This validator partnership is a natural next step in BONK’s mission to empower our community and accelerate the adoption of Solana,” said Nom, Core Contributor at BONK. “By teaming up with DeFi Dev Corp., we’re not only reinforcing the decentralized infrastructure of Solana but also creating a new standard for how community tokens can scale and sustain their ecosystems.”

This partnership reflects a shared belief in the long-term potential of Solana and sets the stage for continued innovation at the intersection of community-driven assets and institutional infrastructure.

About DeFi Dev Corp.

DeFi Development Corp. (NYSE:DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve on the balance sheet will be allocated to Solana (SOL). In adopting its new treasury policy, the Company intends to provide investors a way to access the Solana ecosystem. The Company’s treasury policy is expected to provide investors economic exposure to SOL investment.

We are 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 we connect the increasingly complex ecosystem that stakeholders have to manage.

We currently serve 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. Our data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).

About BONK

BONK is the premier community memecoin of the Solana blockchain. With deep integrations across the Solana ecosystem, BONK serves as the social and cultural layer of Web3. Its broad utility, cross-chain accessibility, and vibrant community have made it one of the most widely held and used tokens in decentralized finance.

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Other articles published on May 17, 2025