Solana’s Sol
SOL$ 172.57
This week I received a double dose of institutional acceptance when two listed companies were demonstrated that large initiatives were aimed at the blockchain ecosystem – one aimed at deploying liquid, the other that aims to pick up up to $ 1 billion for direct investments.
Sol strategies from Canada introduced a provisional basic board on Tuesday to offer up to $ 1 billion in effects, including equity and debts, to deepen the exposure to Solana.
There is no immediate plan to attract capital, but the application offers the company flexibility to act quickly on future opportunities. The move comes only a few weeks after Sol strategies have obtained a convertible bill of $ 500 million and spent its first $ 20 million tranche to buy more than 122,000 sol.
Defi Development Corp. (Nasdaq: DFDV) that it has adopted a liquid deployment token (LST) by Sanctum and is the first public company that invests in Solana-based liquid stinging sticks (LSTs).
Through its new Token DFDVSSL, the company enables users to use Sol with Defi DEV’s Validators while retaining the liquidity, which makes participation in Defi or repayment possible at any time.
Strike refers to the locking of tokens (such as SOL) to help implement the network and earn rewards in exchange. Validators are specialized computers that process and verify transactions to maintain the security of the blockchain and to guarantee its smooth operation.
The double movements show a growing confidence in Solana’s deportation and validator infrastructure in business players and can mark the early stages of a broader institutional push in the direction of Sol.