Janover, a publicly traded company on the U.S. stock market, will adopt SOL as a reserve asset and has raised $42 million to purchase SOL

TechFlow news, April 7 — According to CNBC, several former employees of Kraken exchange have acquired a majority stake in publicly traded company Janover, which plans to hold SOL tokens as its primary reserve asset. Janover has raised $42 million from investors including Pantera Capital, Kraken, and Arrington Capital to purchase SOL.

The company will be renamed DeFi Development Corporation, and new Chairman and CEO Joseph Onorati said it will begin accumulating SOL "immediately." In addition, the company plans to acquire Solana network validator nodes to stake SOL and earn yield.