DeFi Development Corp, a treasury company focused on Nasdaq-listed altcoin Solana, decided to grow its cryptocurrencies with on-Blockchain return strategies rather than passively holding them. The company aims to both support its operational budget and accelerate SOL coin accumulation by utilizing a portion of Solana reserves in revenue-generating protocols. In the statement, a new example was presented showing that public companies have transformed their cryptocurrency treasuries from being a mere balance sheet item into an active financial instrument.
Solana Reserve Starts Working on Blockchain
DeFi Development Corp announced that it is collaborating with Hylo, a native protocol operating in the Solana ecosystem. Within the scope of the agreement, a certain portion of the company’s Solana assets will be used in on-Blockchain return strategies. The management positions the controlled utilization of reserves rather than leaving them idle as a model that contributes to the financing of the company’s daily activities.
The reason behind the decision is the rapid growth that Hylo has achieved in a short time. In just four months, the protocol went from zero to over $100 million in total value locked, TVL for short, while generating over $6 million in annualized fee revenue on the Solana network. Company management considers this performance as a concrete indicator of the sustainable return potential within the Solana ecosystem.
Joseph Onorati, CEO of DeFi Development Corp, emphasized in his statement that compounding SOL and related assets with Solana local return opportunities directly aligns with the company strategy. The resources generated from in-blockchain revenues will be used both to expand Solana reserves and to meet corporate obligations, including share repayments.
Treasury Companies Are Moving Away from Passive Stance in Cryptocurrency
The Solana-focused initiative is part of a more active approach that is increasingly common among companies managing cryptocurrency treasuries. Ethereum-based BitMine began staking ETH assets at the end of last year and quickly placed approximately 780,000 ETH on the blockchain, reaching a value of over $2.5 billion. The model showed that it is possible to generate additional returns while holding long-term assets.
Similarly, Sharps Technology used some of its Solana reserves in liquid staking solutions in September last year. On the other hand, Coinbase generates regular income through staking from the ETH and SOL balances it holds within the platform. All these applications reveal that cryptocurrencies have turned into tools that can create cash flow instead of sitting dormant on the balance sheet.
On the Bitcoin side, a different method stands out. Mara Holdings and Riot Platforms are turning to borrowing by using BTC reserves as collateral. The approach makes it possible to provide liquidity without touching BTC assets and points to diversified strategies in treasury management.
DeFi Development Corp also presents its intra-blockchain yield move as part of its global growth plans. The company announced the launch of a new Solana treasury called DFDV JP in Japan in October, and previously entered the Asian market with DFDV KR in South Korea. The administration groups these expansions under the title of “Treasury Acceleration Program”.
