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Just In: DeFi Dev Corp Launches Japan’s First Solana Treasury Company, SOL Price Reacts

DeFi Dev Corp partners with Superteam Japan to launch the country’s first Solana Treasury, as SOL price reacts amid record institutional inflows.
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Just In: DeFi Dev Corp Launches Japan’s First Solana Treasury Company, SOL Price Reacts

Highlights

  • Nasdaq-listed DeFi Dev Corp has partnered with Superteam Japan to establish DFDV JP.
  • This is Japan’s first Solana-focused digital asset treasury.
  • Following the announcement, SOL rose by nearly 4%.

DeFi Dev Corp has announced the creation of Japan’s first Solana Treasury firm in partnership with Superteam Japan. In reaction, the SOL price recorded gains amid positive sentiment.

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DeFi Dev Corp Expands Solana Treasury Footprint in Asia

In an official press release, Nasdaq-listed DeFi Development Corp confirmed the launch of DFDV JP, a Solana treasury in Japan. This was finalized in partnership with Superteam Japan.

This marks its second major expansion in Asia following the rollout of DFDV KR in South Korea. The company described the initiative as part of its broader “Treasury Accelerator Program.” This is designed to help institutions establish and manage Solana-based digital asset treasuries.

“We’re excited to partner with Superteam Japan to launch the first Solana Digital Asset Treasury in the country,” said Parker White, COO & CIO of DeFi Dev Corp. “Japan remains one of the most forward-thinking regions for blockchain innovation and digital asset regulation.”

Under the Treasury Accelerator model, the firm provides strategic and technical support to help firms adopt Solana treasury systems. This includes validator infrastructure, balance sheet seeding, and ecosystem integration.  

The partnership with Superteam Japan uses its local knowledge and community connections. Superteam hosted “SuperTokyo,” the biggest Solana event in Japan, and worked with banks like Minna Bank and Fireblocks on stablecoin projects.

Superteam Japan’s Country Lead, Hisashi Oki, called the collaboration a “defining milestone” for the country’s blockchain sector. 

“By working with DeFi Dev Corp, we’re opening a clear gateway for Japanese investors and enterprises to participate directly in Solana’s growth,” he said.

The launch follows the company’s last reported SOL purchase. The Solana treasury firm added 196,141 tokens at an average price of $202.76 each. This purchase increased the company’s total holdings to 2,027,817 SOL, now valued at approximately $427 million.

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Momentum Builds as SOL Price Breaks Key Levels

According to CoinMarketCap data, the SOL price rose by 3.56% to $227.40 in the last 24 hours, outperforming the broader crypto market’s 0.69% gain.

Source: CoinMarketCap; SOL Price Daily Chart

Analysts say that if SOL holds above $229.49, bulls could target $238.56. However, failure to maintain support at $222.17 could trigger a short-term correction to $214.84.

Adding to the bullish setup, Bitwise amended its Solana ETF filing to include staking provisions and lower fees. The final decision deadline is October 16, but experts anticipate that the SEC will approve multiple SOL-based ETFs this week.

Lark Davis, founder of Wealth Mastery, shared that institutional appetite for Solana is rapidly increasing, stating that the SEC approval for a Solana ETF appears increasingly likely.

Notably, Solana ETPs attracted $706 million in weekly inflows. This is a record high that has pushed total assets under management (AUM) for Solana ETPs above $5.1 billion, more than double the previous record set in July.

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Michael Adeleke

Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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