DeFi Development Corp (formerly Janover) aims to raise over $1 billion worth of capital to invest in Solana, the industry’s sixth-largest cryptocurrency by market capitalization.

The Nasdaq-listed firm, previously a real estate financing platform connecting commercial property lenders and buyers, data-ct-non-breakable=”null” href=”https://www.sec.gov/Archives/edgar/data/1805526/000121390025035609/ea0239372-s3_defi.htm#de_002″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.sec.gov/Archives/edgar/data/1805526/000121390025035609/ea0239372-s3_defi.htm#de_002″>announced its plans in a Form S-3 registration statement filed with the US Securities and Exchange Commission (SEC) on April 25.

The filing states that the funds will be used for general corporate purposes, including Solana ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/solana-price-index” rel=”null” target=”null” text=”null” title=”null”>SOL) token acquisitions.

DeFi Development Corp (formerly Janover) aims to raise over $1 billion worth of capital to invest in Solana, the industry’s sixth-largest cryptocurrency by market capitalization.

The Nasdaq-listed firm, previously a real estate financing platform connecting commercial property lenders and buyers, data-ct-non-breakable=”null” href=”https://www.sec.gov/Archives/edgar/data/1805526/000121390025035609/ea0239372-s3_defi.htm#de_002″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.sec.gov/Archives/edgar/data/1805526/000121390025035609/ea0239372-s3_defi.htm#de_002″>announced its plans in a Form S-3 registration statement filed with the US Securities and Exchange Commission (SEC) on April 25.

The filing states that the funds will be used for general corporate purposes, including Solana ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/solana-price-index” rel=”null” target=”null” text=”null” title=”null”>SOL) token acquisitions.