Listed to the NASDAQ listed in Corporate Solana Treasury Company Defi Development Corp. has announced the launch of a Sol Treasury Accelerator.
According to In a Thursday announcement shared with Cointelegraph, Defi Development launched the company’s DFDV Treasury Accelerator, the company’s international expansion initiative, which uses a franchise model to support Solana’s regional treasures.
The DFDV Treasury Accelerator launches in collaboration with Crypto Exchange Kraken and Crypto Venture Firms Pantera Capital, RK Capital and Borderless Capital. They expect to support the launch of new regional treasury, which provides potential investment, strategic guides and infrastructure.
The DFDV Treasury Accelerator is working to produce a presence in five regions, “onboarding new geography in the pipeline each week.”
Related: Defi Development is looking for $ 1B to boost Solana investments, expand Treasury
Supporting new Sol Treasury
According to the announcement, the DFDV Treasury Accelerator will support the validation and solutions to managing the owner as well as treasury, fundraising and brand -alignment guides.
The organization will hold equity stakes in each regional corporate operation. Joseph Onorati, CEO of Defi Dev Corp., said:
“This model allows you to measure worldwide and support the accumulation of SOL without taking any shares of shares.”
Cosmo Jiang, general partner in the Pantera Capital, said “most crypto treasury vehicles now follow the microstrategy model,” which refers to the worldwide (BTC) Treasury company that rebranded the approach. He said Defi Development showed the initiative to exceed imitation:
“What entertain us about DFDV is that they just didn’t copy the playbook. They were evolving.”
According to Jiang, the integration of validator’s infrastructure, capital markets and international expansion through a franchising model sets defi development in addition to competition. He said the firm “is building something that is different in structural and leading the curve.”
Related: Defi Development To Refile $ 1B Solana Plan After Sec Filing Snag
Defi Development Corp. will continue to expand
The news complies with previous reports featuring a high level of corporate activity through the Defi development. Earlier this month, the company’s stock grew 17% after that announced the purchase of $ 2.7 million in Solana As part of the ongoing approach to Treasury.
By the end of June, Defi Development Plans have been announced in order to explore its shares by a cooperation with the crypto exchange Kraken. Each announcement, the company will use Xstocks, a tokenization platform created by that -back that announced a partnership with Xstocks in May.
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