DeFi DevelopmentIn cooperation with Superteam Japan, Japan’s first Solana treasury, DFDV JP, has been put into operation. announced. The price of SOL coin reacted positively to the news and diverged from many altcoins, returning to the green zone. The initiative targets Solana-based treasury and asset management infrastructure for institutional participants, marking the company’s second expansion into Asia.
Solana Treasury Will Be Established in Japan
DeFi Development, listed on Nasdaq, is owned by DFDV JP Treasury Accelerator Program announced that it will operate under its umbrella. Program institutions solana It offers strategic-technical support to establish and manage the treasury. The model validator infrastructure includes balance sheet investment and ecosystem integration. Parker WhiteNoting Japan’s advanced position in Blockchain innovation and regulatory approach, he emphasized that local cooperation will increase institutional adoption.
Local network and community access Superteam Japan It will deepen thanks to this. The organization is the host of SuperTokyo, which is considered the largest Solana event in the country, and has been involved in stablecoin studies through its collaborations with Minna Bank and Fireblocks. country leader Hisashi OkiWhile describing the collaboration as defining for the Japanese Blockchain world, he stated that it opened the door to direct participation in Solana’s growth for domestic investors and businesses.
DeFi Development 196,141 units in its last purchase announcement SOL coinHe announced that he added to his portfolio at an average price of 202.76 dollars. With this acquisition, the company’s total SOL assets increased to 2,027,817 units worth $427 million.
Latest Situation in SOL Price
LEFTThe positive atmosphere stands out on the price side of . Analysts warn that the altcoin’s hold above $229.49 could trigger a move to $238.56, while a dip below $222.17 carries the risk of a short-term correction to $214.84.
The regulatory front is also active, strengthening corporate interest. BitwiseUpdated Solana ETF application with staking provisions and lower fees. The final decision date for the ETF is set for October 16, and market experts expect approval for multiple Solana-based ETFs in the same week. Lark DavisWhile drawing attention to the increasing corporate appetite, a record weekly inflow of $ 706 million into existing Solana ETPs occurred. The total asset value under management in ETPs exceeded the $5.1 billion threshold, doubling its pre-July record.
