DeFi Development Corp announces it has become the first publicly traded company to hold liquid staking tokens on Solana.

According to news from HashLink, Nasdaq-listed DeFi Development Corp (Ticker: DFDV) announced the adoption of liquid staking token (LST) technology developed by Sanctum, becoming the first publicly traded company to invest in Solana liquid staking tokens. The company will allocate part of its SOL reserves to invest in dfdvSOL, which represents staked assets delegated to DeFi Dev validator nodes. dfdvSOL operational mechanism: Users stake SOL to receive dfdvSOL tokens, which can be used in DeFi/CeFi applications or redeemed through the Sanctum protocol. The Chief Investment Officer of DeFi Dev stated that this move will drive the validator node business into the liquid staking space and enhance the company's participation in the Solana ecosystem.