{"id":130217,"date":"2025-05-29T11:16:22","date_gmt":"2025-05-29T11:16:22","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130217"},"modified":"2025-05-29T11:16:22","modified_gmt":"2025-05-29T11:16:22","slug":"solana-firms-make-moves-on-staking-treasury-and-compliance","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130217","title":{"rendered":"Solana firms make moves on staking, treasury and compliance"},"content":{"rendered":"

Source: Cointelegraph.com NewsSolana-focused investment firm Sol Strategies filed a preliminary base shelf prospectus for up to $1 billion, as DeFi Development Corp. revealed it will adopt liquid-staked SOL for its treasury operations.
\nAccording to a May 27 Sol Strategies announcement, the publicly traded Canadian Solana investment and infrastructure company \u201cwill be permitted to make offerings of common shares\u201d of up to $1 billion, but does not indicate an immediate offering. CEO Leah Wald said the move supports the company\u2019s long-term growth plans.
\n\u201cThe filing of a base shelf prospectus supports our growth strategy by providing us with the flexibility to access capital as future opportunities arise in the rapidly evolving Solana ecosystem,\u201d she said.
\nSource: Sol StrategiesIn a May 28 announcement, Solana treasury firm DeFi Dev announced its adoption of Solana liquid staking tokens. The firm will now divert part of its Solana holdings to the liquid staking token dfdvSOL.
\nThe announcement followed DeFi Dev\u2019s addition of 88,164 SOL to its treasury in late April, valued at $11.5 million at the time, when it held $34.4 million worth of Solana (SOL).
\nRelated: Solana chart hints at 180% rally to $300 if key technical trend holds
\nWhat is liquid staking?
\nLiquid staking allows tokenholders to earn staking rewards without locking up their assets. Instead, they receive a liquid token that can be traded or used in decentralized finance (DeFi) applications.
\nDeFi Dev expects the adoption of this technology to \u201cenhance the company\u2019s validator operations and treasury management, consistent with its mission to maximize SOL Per Share\u201d growth. Chief investment officer and chief operating officer Parker White said:
\nThe adoption of dfdvSOL not only creates additional ways to drive stake to our validators and increase SOL holdings, but also advances our role as a long-term participant in the Solana ecosystem.\u201d
\nRelated: Solana may be a memecoin \u2018one-trick pony\u2019 \u2014 Standard Chartered
\nSol Strategies prepares to safeguard capital
\nSol Strategies also announced on May 28 that it had completed several key audits and certifications. The company passed SOC 2 Type 1 and SOC 1 Type 1 audits and received ISO 27001 certification for its Solana staking platform.
\nSOC 2 Type 1 is a report assessing a company\u2019s controls related to security, availability, processing integrity, confidentiality or privacy at a specific point in time. Such an audit verifies that the firm\u2019s controls meet trust service criteria at the time of the check.
\nSOC 1 Type 1 is a similar report focused on internal controls over financial reporting at a specific point in time. This audit evaluates whether the controls are appropriately designed, but does not assess their effectiveness over time.
\nLastly, ISO 27001 is an international standard specifying requirements for an information security management system. These standards help manage risks pertaining to data confidentiality, integrity and availability through a continuous improvement framework.
\nTo obtain this ISO certificate, a company must demonstrate both the documentation and implementation of controls. Sol Strategies\u2019 Wald explained that all these measures are meant to ensure institutional trust:
\n\u201cBy achieving SOC 2 Type 1 and SOC 1 Type 1, alongside our ISO 27001 certification, we\u2019ve demonstrated that institutional clients can trust SOL Strategies with their Solana staking needs.\u201d
\nThe compliance efforts come as the firm continues to position itself as a major Solana validator. In a previous announcement, Sol Strategies disclosed it had issued $500 million in convertible notes to buy and stake SOL.
\nMagazine: Memecoins are ded \u2014 But Solana \u2018100x better\u2019 despite revenue plungeRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsSolana-focused investment firm Sol Strategies filed a preliminary base shelf prospectus for up to $1 billion, as DeFi Development Corp. revealed it will adopt liquid-staked SOL for its… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130217"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130217"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130217\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130217"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}