Kraken has signed a non-binding letter of intent to delegate some of its current and future staked Solana tokens to validators operated by Janover Inc., the real estate company turned Solana treasury play told Lightspeed exclusively.

Publicly-listed Janover, which intends to change its name to DeFi Development Corporation, announced last week that a group of ex-Kraken employees had acquired a majority stake in the company and raised $42 million via convertible bonds from a group of firms including Kraken.