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.

Solana Staking
Source: Sol Strategies on X

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.