DeFi Dev Corp. Establishes Strategic Partnership with Solflare, Becomes Official Wallet Provider

Rhea-AI Summary

DeFi Development Corp. (NASDAQ:DFDV) has signed a Letter of Intent for a strategic partnership with Solrise Group Ltd, creators of Solflare, a leading Solana-native wallet with over 4 million active users.

The collaboration aims to boost adoption of DFDV's onchain financial products through joint educational content and marketing campaigns. Solflare will become DFDV's official wallet provider and the default wallet across its product suite. Additionally, the Solflare Card will be implemented as the standard company-issued payment card for all DFDV employees.

The partnership focuses on developing educational content about the Solana ecosystem while enhancing the visibility of DFDV's equity product and onboarding initiatives.

Positive

• Partnership with Solflare provides access to over 4 million active users
• Integration of Solflare as official wallet enhances product accessibility
• Strategic alignment with a leading Solana ecosystem player
• Potential for increased user adoption through joint marketing initiatives

Negative

• Partnership currently based only on Letter of Intent, not a definitive agreement
• No financial terms or revenue projections disclosed

BOCA RATON, FL, Aug. 01, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced it has signed a Letter of Intent (LOI) to explore a strategic collaboration with Solrise Group Ltd, creators of Solflare, the leading Solana-native wallet serving over 4 million active users.

This collaboration aims to enhance the adoption and awareness of DeFi Development Corp.’s onchain financial products, including liquid staking solutions and equity through educational content and targeted awareness campaigns jointly.

Additionally, the Company intends to designate Solflare as its official wallet for all marketing campaigns and future initiatives. Solflare is expected to become the default wallet across DeFi Development Corp.’s suite of products and services, while the Solflare Card, a versatile crypto-backed debit card, will become the standard company-issued payment card for all employees.

Both organizations also plan to leverage their respective market positions to develop original, insightful content aimed at educating market participants on key topics, developments, and innovations within the broader Solana ecosystem.

"This partnership marks a pivotal step toward deepening our involvement in the rapidly evolving Solana ecosystem," stated Parker White, COO & CIO of DeFi Dev Corp. "Working closely with Solflare will allow us to accelerate user onboarding, increase the visibility of our equity product, and leverage innovative co-marketing opportunities into current and future initiatives."

About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.

The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).

About Solflare
Solflare is the leading Solana-native digital wallet trusted by over four million active users globally. Designed specifically for the Solana blockchain, Solflare provides users with secure, intuitive, and seamless access to decentralized finance (DeFi), staking, NFTs, and more. The wallet also offers the Solflare Card, an innovative crypto-linked debit card that bridges everyday spending with crypto assets. Solflare is committed to accelerating the adoption of blockchain technology by making complex financial interactions simple, safe, and accessible for everyone.

Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) the effect of and uncertainties related the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:
ir@defidevcorp.com 

Media Contact:
Prosek Partners
pro-ddc@prosek.com

FAQ

What is the strategic partnership between DeFi Development Corp (NASDAQ:DFDV) and Solflare?

DFDV has signed an LOI to make Solflare its official wallet provider, integrate the Solflare Card as company payment solution, and collaborate on educational content and marketing initiatives for the Solana ecosystem.

How many active users does Solflare have in 2025?

Solflare serves over 4 million active users as the leading Solana-native wallet.

What will be the impact of the DFDV-Solflare partnership on DFDV's products?

Solflare will become the default wallet across DFDV's suite of products and services, potentially enhancing user onboarding and increasing visibility of DFDV's equity product.

How will DFDV employees benefit from the Solflare partnership?

DFDV employees will receive the Solflare Card as their standard company-issued payment card, which is a crypto-backed debit card.

What is DeFi Development Corp's (DFDV) treasury strategy?

DFDV is the first public company with a treasury strategy specifically built to accumulate and compound Solana (SOL).