Solana (SOL) is gaining strong institutional backing as two public companies reveal major steps to deepen their involvement with the blockchain’s staking and investment opportunities.
Canadian firm Sol Strategies filed paperwork this week to raise up to $1 billion through equity and debt offerings, aiming to expand its Solana holdings. Although the capital raise is not immediate, the filing grants flexibility for rapid action on future investments. This follows a recent $500 million convertible note, with $20 million already deployed to purchase over 122,000 SOL tokens.
In parallel, Nasdaq-listed DeFi Development Corp. (DFDV) announced it is the first public company to integrate liquid staking tokens (LSTs) on Solana, leveraging Sanctum’s infrastructure. Their newly launched token, dfdvSOL, allows users to stake SOL with DeFi Development’s validators while maintaining liquidity, enabling ongoing DeFi participation or token redemption at any time.
Staking secures the Solana network by locking tokens and empowering validators to confirm transactions and maintain system integrity.
These dual developments reflect growing confidence in Solana’s staking model and may signal the start of broader institutional adoption of SOL assets.
