DeFi Dev Corp. and Superteam Japan Partner to Launch DFDV JP
- DeFi Development Corp. and Superteam Japan launch Japan’s first Solana treasury project.
- The partnership expands Solana’s institutional reach through DFDV’s Treasury Accelerator.
- DFDV announces $73.5M in tradable warrants to boost investor participation and growth.
DeFi Development Corp. (Nasdaq: DFDV) has partnered with Superteam Japan to launch DFDV JP, Japan’s first Solana-focused treasury project. The initiative expands DFDV’s Treasury Accelerator program and reinforces Solana’s growing institutional presence in Asia.
The launch comes as Japan experiences a surge in corporate interest in blockchain-based treasury solutions. Firms are exploring Solana’s fast, low-cost infrastructure for digital asset management. Recently, Mobcast Holdings revealed plans to adopt Solana holdings to diversify reserves, signaling rising adoption among listed companies.
Expanding Solana’s Treasury Footprint in Asia
DeFi Development Corp., the first public company with a Solana-based treasury strategy, aims to speed up the institutional adoption of the blockchain. The company assists companies in amassing and increasing SOL holdings via its Treasury Accelerator program.
DFDV JP marks the firm’s second international Treasury Accelerator launch in Asia, following DFDV KR in Korea. Through this program, DFDV provides operational, technical, and strategic support to regional Solana Digital Asset Treasuries (DATs). The support includes validator infrastructure, balance sheet seeding, and ecosystem integrations.
Parker White, Chief Operating Officer and Chief Investment Officer at DFDV, said the partnership aligns with Japan’s advanced digital asset ecosystem. He said,
We are thrilled to partner with Superteam Japan to bring the first Solana Digital Asset Treasury to Japan. Japan has long been a global leader in digital assets, with one of the most forward-looking regulatory environments
Superteam Japan will lead local operations under the guidance of Country Lead Hisashi Oki and Business Development Head Shigeru Sato. Since its launch in June 2024, Superteam Japan has hosted SuperTokyo, the largest Solana conference in the country, and supported hundreds of startups.
The team has also contributed to enterprise partnerships through its parent organization, collaborating with Minna Bank, Fireblocks, and TIS to advance stablecoin issuance on Solana.
Oki said the collaboration will expand access for Japanese investors. He stated that the partnership with DFDV represents an important milestone for the Solana ecosystem in Japan. He also stated that this can create a bridge for Japanese investors to participate in Solana’s growth and strengthen Japan’s role in digital asset innovation.
The company plans to discuss the initiative during a live X Spaces event on Thursday, October 9, at 7:00 PM ET. The session will feature DFDV and Superteam Japan executives, who will explain the project’s structure, benefits, and implications for Solana’s global expansion.
Related: From Technical Milestones to Institutional Adoption: Solana’s September Recap
DFDV Announces Tradable Warrants Worth $73.5 Million
In a related update, DeFi Development Corp. also announced a special dividend worth $73.5 million in the form of tradable warrants. Each shareholder will receive one warrant for every 10 shares held through October 23.
The warrants allow holders to purchase one share of DFDV common stock at $22.50 until January 21, 2028. They will be immediately tradable on the Nasdaq Capital Market under the ticker DFDVW. This move allows investors to trade the warrants independently from their common stock holdings after the distribution date.
According to the company, approximately 3.3 million warrants will be issued around October 27. Holders of Convertible Senior Notes due 2030 will also receive warrants on an as-converted basis.
Chief Executive Officer Joseph Onorati said the special dividend reflects the company’s confidence in its growth. “By issuing tradable warrants, we’re empowering investors to participate in future expansion while preserving long-term value,” he stated.
The warrants will enable shareholders to engage directly in DFDV’s capital formation process while benefiting from liquidity through the Nasdaq listing.
DFDV emphasized that registered stockholders will automatically receive their warrants, rounded to the nearest whole unit. Investors who hold their shares through brokerages may need to check with their brokers to confirm receipt.
