DeFi Development, formerly operating under the name Janover, has announced bold plans to reposition itself at the heart of the blockchain economy with a proposed $1 billion capital raise. In a newly filed registration statement with the SEC, the company detailed its intent to issue a mix of common and preferred stock, debt securities, and other financial products. The primary purpose of the raise will be to fund additional acquisitions of Solana tokens and further its blockchain infrastructure initiatives. This marks a dramatic pivot away from its origins as a commercial real estate lending platform and firmly into the world of decentralized finance.

The company’s strategic reinvention is backed by a new executive leadership team composed of high-profile veterans from the crypto industry. Joseph Onorati, a former Kraken executive, now leads the company as CEO and Chairman, supported by Parker White as COO and CIO, and John Han, who previously worked at both Binance and Kraken, as CFO. Under their leadership, DeFi Development has quickly acquired a $48.2 million Solana position and plans to operate validator nodes to earn consistent staking rewards, thus building a blockchain-native revenue stream. This shift toward staking-based yield strategies signals a long-term commitment to the Solana network’s infrastructure.

Adding to its arsenal, DeFi Development secured a convertible note facility worth up to $500 million, giving it immediate financial firepower to expand its Solana exposure. At the same time, it filed to register 1.24 million shares on behalf of early investors, including prominent names like Pantera Capital, Arrington Capital, and Kraken’s parent company Payward. These strategic moves reflect the company’s vision of becoming a dominant institutional force in the rapidly evolving crypto landscape. While the broader market remains volatile, DeFi Development’s sharp focus on Solana — combined with its robust treasury management strategy and validator participation — could position it as one of the most Solana-centric public companies by the end of 2025. As traditional and digital finance continue to converge, DeFi Development’s bet on Solana could serve as a template for other publicly traded companies seeking exposure to blockchain assets.