EddieJayonCrypto
7 Apr 25
Janover Inc., a real estate data platform, is rebranding to DeFi Development Corporation and shifting its focus to decentralized finance, particularly Solana. Former Kraken executives have acquired a controlling stake in the company. The new treasury policy will prioritize digital assets, with the f...
Former Kraken executives have acquired a controlling stake in Janover Inc., leading to a rebranding as DeFi Development Corporation with a focus on Solana and decentralized finance. The company has raised $42 million through a private sale of convertible notes and warrants, attracting major crypto-focused venture capital players and signaling strong market support for its new direction.
Janover Inc., a real estate data platform, is rebranding to DeFi Development Corporation and shifting its focus to decentralized finance, particularly Solana. The new treasury policy will prioritize digital assets, with the first holding being Solana. Revenue from staking will be reinvested to increase SOL reserves. The company will continue to operate its core real estate data platform while moving towards a SaaS model. Joseph Onorati has been appointed Chairman and CEO, with Parker White as CIO and COO. The company has raised $42 million through a private sale of convertible notes and warrants, with major crypto venture capital players as investors. The stock surged nearly 300% in pre-market trading following the announcement.