Canadian investment firm SOL Strategies has filed a preliminary base shelf prospectus to issue up to $1 billion in securities. The move is aimed at providing capital flexibility for emerging opportunities in the evolving Solana ecosystem. CEO Leah Wald described the filing as part of their long-term growth strategy.
Meanwhile, DeFi Development Corp. (DeFi Dev) announced that it has converted part of its Solana holdings into dfdvSOL, a liquid staking token. This allows the company to maintain both staking rewards and asset liquidity.
In April, DeFi Dev added 88,164 SOL (worth ~$11.5 million at the time) to its treasury. With dfdvSOL, those assets are now earning yield while remaining usable in DeFi platforms.
What Is Liquid Staking?
Liquid staking allows token holders to earn staking rewards without locking their assets. Instead, users receive a liquid token (like dfdvSOL) which can be traded or used in DeFi apps while still earning yield from staking.
SOL Strategies also completed key compliance processes, passing SOC 2 Type 1 and SOC 1 Type 1 audits and obtaining ISO 27001 certification. These milestones prove the company’s institutional readiness for secure and compliant staking infrastructure.
“By achieving SOC 2 Type 1 and SOC 1 Type 1, alongside ISO 27001, we’ve shown institutional clients can trust SOL Strategies for Solana staking,” said CEO Leah Wald.
The company had previously issued $500 million in convertible notes to purchase and stake SOL, further solidifying its role as a leading Solana validator.
