Decentralized Finance Development, formerly known as Janover, hit a big milestone. They got a $5 billion equity line of credit (ELOC) from RK Capital Management. The firm intends to deploy these proceeds to increase its strategy to earn Solana (SOL) digital assets. This action will further ignite growth in SOL per share. This move follows a $42 million offering of convertible notes and warrants, signaling an aggressive approach to digital asset acquisition.
DeFi Development specializes in providing data and software subscriptions. We provide critical services exclusively designed for the multifamily and commercial property industries’ movers and shakers. The company makes history as the first public benefit corporation in the U.S. Hefty treasury strategy with a focus on acquiring and compounding Solana digital assets.
The $5 billion ELOC was created via a share purchase agreement with RK Capital Management. DeFi Development believes that this newfound financial flexibility will help them grow their operations exponentially. They have other plans too, including big plans to broaden their SOL holdings.
"We now have the flexibility and structure we need to scale." - Joseph Onorati
Janover’s company strategic pivot started back in April when Janover changed the name of her company from Janover Ventures LLC to DeFi Development. A group of former leaders from the cryptocurrency exchange Kraken purchased majority control. This organizational pivot represented a dramatic turn for the 5-year old organization. The company website is defidevcorp.com.
"This is a clean, strategic path to continue growing SOL per share and compounding validator yield." - Joseph Onorati
