DeFi Dev Corp and Superteam Launch Japan’s First Solana Treasury

DeFi Development Corp, a Nasdaq-listed blockchain company, has launched Japan’s first Solana Treasury in partnership with Superteam Japan. The new project, called DFDV JP, aims to help Japanese companies manage their digital assets using Solana’s blockchain technology. This comes as the Solana digital asset treasury is becoming a trend in the crypto market. 

DeFi Dev Corp Expands Solana Treasury Program Across Asia

This launch is DeFi Dev Corp’s second big project in Asia, following its earlier rollout in South Korea. Both projects are part of the company’s “Treasury Accelerator Program,” which helps businesses set up and run Solana-based treasuries.

Under this program, DeFi Dev Corp will help companies adopt Solana systems by providing validator infrastructure to verify blockchain transactions. It will also offer balance sheet seeding to help them establish their digital treasuries. In addition, DeFi Dev Corp said it would connect companies with other Solana-based projects through ecosystem integration. 

The goal is to make it easier for traditional companies to move into blockchain in a safe and structured way. 

At the same time, strengthen Solana’s dominance in the blockchain space. Furthermore, Superteam Japan brings local expertise and strong industry connections to the partnership. The group has played a key role in growing Solana’s presence in Japan. 

It hosted SuperTokyo, the largest Solana event in the country, and has worked with Minna Bank and Fireblocks on stablecoin projects. 

SOL Price Reacts

After the announcement, SOL’s price rose by 3.56% to $227.40, while the broader crypto market gained only 0.69%. Analysts say that if SOL stays above $229.49, the price could rise to $238.56. However, if it falls below $222.17, it might drop further to $214.84.

This news also followed DeFi Dev Corp’s recent purchase of 196,141 SOL at an average price of $202.76. This brings its total holdings to 2,027,817 SOL, now worth around $427 million.

Global Firms and Investors Drive New Wave of Solana Adoption

DeFi Dev Corp-Superteam initiative comes as global companies increasingly integrate Solana into their financial strategies. VisionSys AI Inc. recently announced a plan to create a $2 billion Solana treasury through its subsidiary Medintel Technology Inc. Likewise, companies like Forward Industries, Helius Medical Technologies have spent billions of dollars building a Solana treasury. 

At the same time, investor interest in Solana is growing fast. Bitwise recently revised its Solana Exchange Traded Fund (ETF) application to add staking options and reduce fees. A final decision on the application is expected by October 16. Many experts believe the U.S. Securities and Exchange Commission (SEC) may approve several Solana ETFs soon.

In addition, Solana investment products attracted $706 million in one week. This pushed the total assets under management (AuM) to $5.1 billion, more than double the previous record set in July.