The investment firm Solana Sol Strategies has filed a preliminary base shelf prospectus up to $ 1 billion, as expressed by Defi Development Corp. This will adopt a liquid-staked sol for its treasury operations.
According to a approach to May 27 announcementThe public’s exchanging with the Canada Solana Investment and Infrastructure Company “is allowed to make offerings of standard shares” up to $ 1 billion, but does not indicate an immediate offer. CEO Leah Wald said the move supports the company’s long -term growth plans.
“Filing a base shelf prospectus supports our growth strategy by giving us flexibility to access capital as future opportunities have emerged in the rapid emergence of Solana’s ecosystem,” he said.
On one May 28 announcementSolana Treasury Firm Defi Dev announced its adoption to Solana Liquid staking tokens. The firm will now move the part of its solana handles to the liquid staking token DFDVSOL.
An announcement followed Defi Dev’s Adding 88,164 Sol to its Treasury In late April, worth $ 11.5 million in time, when held $ 34.4 million worth of Solana (Sol).
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What is liquid staking?
Liquid staking allows tokenholders to earn staking rewards without locking their property. Instead, they received a liquid token that could be exchanged or used in decentralized financial applications (DEFI).
Defi Dev expects the adoption of this technology to “enhance the operation of the company’s operation and the management of the ark, which is in line with its mission to maximize SOL growth per part”. Chief Investment Officer and Chief Operating Officer Parker White said:
DFDVSOL adoption not only creates additional ways to drive our validators and increase SOL HOLDINGS, but also promote our role as a long-term participant in Solana ecosystem. “
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Sol techniques prepare to protect capital
SOL techniques also announced that it had completed several major auditing and certification. The company passed SOC 2 type 1 and SOC 1 type 1 Audits and received ISO 27001 certification for the Solana Staking platform.
SOC 2 Type 1 is a report that assesses the controls of a company related to security, existence, integrity processing, confidentiality or privacy at a certain point in time. Such auditing confirms that the company’s controls meet the confidence service standards at the time of the check.
SOC 1 Type 1 is a similar report focusing on internal financial reporting controls at a certain point in time. This audit checks if the controls are appropriately designed, but will not assess their effectiveness over time.
Finally, ISO 27001 is an international standard determining the requirements for an information security management system. These standards help manage the risks pertaining to the confidentiality of data, integrity and availability through a continuous improving framework.
To obtain this ISO certificate, a company must demonstrate both documentation and implementation of controls. Sol Strategies’ Wald explained that all these steps are intended to ensure trust in the institution:
“By achieving SOC 2 type 1 and SOC 1 type 1, in conjunction with our ISO 27001 certification, we have shown that institutional clients can trust Sol techniques with their Solana staking needs.”
Compliance efforts will come as the company continues position itself as a major solana validator. In a previous announcement, Sol’s techniques revealed released $ 500 million in a changing notes to buy and stake sol.
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