BOCA RATON, FL, July 02, 2025 (GLOBE NEWSWIRE) — DeFi Development Corp. (Nasdaq: DFDV) (the “Company” or “DeFi Dev Corp.”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the pricing of its upsized private offering of $112.5 million aggregate principal amount of 5.5% convertible senior notes due 2030 (the “Convertible Notes”), to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Key Elements of the Transaction:

• $112.5 million 5.5% Convertible Notes offering, due 2030
• Approximately 10% conversion premium to the $21.01 closing price on July 1, 2025
• Prepaid forward stock purchase transaction of approximately $75.6 millions of shares of the Company’s common stock in connection with the offering to facilitate hedging by certain investors. 

The Company has granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a 7-day period beginning on, and including the date on which the Convertible Notes are first issued, up to an additional $25 million aggregate principal amount of the Convertible Notes. The offering is expected to close on July 7, 2025, subject to satisfaction of customary closing conditions.

Use of Proceeds:

The Company estimates that the aggregate net proceeds from the offering will be approximately $108.1 million (or approximately $132.2 million if the initial purchasers exercise in full their option to purchase additional notes), after deducting the initial purchasers’ discounts and commissions and the Company’s estimated offering expenses. The Company intends to use approximately $75.6 million of the net proceeds from the offering to fund a prepaid forward stock purchase transaction in connection with the offering and the remainder for general corporate purposes, including the acquisition of SOL.

Additional Details of the Convertible Notes:

The Convertible Notes will be senior unsecured obligations of the Company and will accrue interest at a rate of 5.5% per annum, payable semi-annually in arrears on January 1 and July 1 of each year, beginning on January 1, 2026. The Convertible Notes will mature on July 1, 2030, unless earlier repurchased, redeemed or converted in accordance with their terms. Prior to July 1, 2030, the Convertible Notes will be convertible only upon satisfaction of certain conditions and during certain periods, and thereafter, the Convertible Notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.

The Convertible Notes will be convertible into cash, shares of common stock or a combination of cash and shares of common stock, at the Company’s election, subject to certain restrictions. The conversion rate will initially be 43.2694 shares of common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $23.11 per share of common stock). The initial conversion price of the Convertible Notes represents a premium of approximately 10% to the $21.01 closing price per share of the common stock on The Nasdaq Capital Market on July 1, 2025. The conversion rate will be subject to adjustment in certain circumstances. In addition, upon conversion in connection with certain corporate events or a notice of redemption, the Company will increase the conversion rate.

The Company may not redeem the Convertible Notes prior to July 5, 2026. The Company may redeem for cash all or any portion of the Convertible Notes (subject to certain limitations), at its option, on or after July 5, 2026, if the last reported sale price of the common stock has been at least 150% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption to holders at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

Holders of the Convertible Notes will have the right to require the Company to repurchase all or a portion of their Convertible Notes upon the occurrence of a fundamental change (as defined in the indenture governing the Convertible Notes) at a cash repurchase price of 100% of their principal amount plus accrued and unpaid interest, if any, to, but excluding the applicable repurchase date.

Prepaid Forward Stock Purchase Transaction:

In connection with the pricing of the Convertible Notes, the Company entered into a privately negotiated prepaid forward stock purchase transaction (the “prepaid forward”) with one of the initial purchasers of the Convertible Notes (the “forward counterparty”) with respect to $75,636,000 of shares of common stock, initially equal to approximately 3,600,000 million shares of common stock.

The prepaid forward is generally intended to facilitate privately negotiated derivative transactions, including swaps, between the forward counterparty or its affiliates and investors in the Convertible Notes, enabling those investors to hedge their investments in the Convertible Notes. As a result, the prepaid forward is expected to allow the investors to establish short positions that generally correspond to (but may be greater than) commercially reasonable initial hedges of their investment in the Convertible Notes. In the event of such greater initial hedges, investors may offset such greater portion by purchasing shares of common stock on the day the Company prices the Convertible Notes. In connection with establishing its initial hedges of the prepaid forward, the forward counterparty or its affiliates generally expect to, but are not required to, enter into one or more derivative transactions with respect to shares of common stock with the investors of the Convertible Notes concurrently with or after the pricing of the Convertible Notes. Such activities, which may occur on or shortly after the pricing date of the Convertible Notes, could have the effect of increasing (or reducing the size of any decrease in) the market price of the shares of common stock and effectively raise the conversion price of the Convertible Notes.

Neither the Company nor the forward counterparty will control how investors of the Convertible Notes may use such derivative transactions, and any related market activity could result in more purchases or sales of common stock than there otherwise would have been, potentially impacting the market price of common stock and/or the price of the Convertible Notes.

In addition, the forward counterparty or its affiliates may modify its hedge positions by entering into or unwinding one or more derivative transactions with respect to shares of common stock and/or purchasing or selling shares of common stock or other securities of the Company in secondary market transactions at any time following the pricing of the Convertible Notes and prior to the maturity of the Convertible Notes. These activities could also cause or avoid an increase or a decrease in the market price of common stock or the Convertible Notes, which could affect the ability to convert the Convertible Notes and, to the extent the activity occurs following conversion or during any observation period related to a conversion of Convertible Notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of the Convertible Notes.

About DeFi Development Corp.

DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to Solana (SOL). Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer. The Company also operates an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 regarding, among other things, the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering, the intended use of proceeds, and the prepaid forward stock purchase program. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are based on the current expectations and beliefs of the Company’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including risks related to the satisfaction of the closing conditions for the proposed offering, and other risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:
ir@defidevcorp.com 

Media Contact:
Prosek Partners
pro-ddc@prosek.com 

BOCA RATON, FL, July 02, 2025 (GLOBE NEWSWIRE) — DeFi Development Corp. DFDV (the “Company” or “DeFi Dev Corp.”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the pricing of its upsized private offering of $112.5 million aggregate principal amount of 5.5% convertible senior notes due 2030 (the “Convertible Notes”), to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Key Elements of the Transaction:

• $112.5 million 5.5% Convertible Notes offering, due 2030.
• Approximately 10% conversion premium to the $21.01 closing price on July 1, 2025.
• Prepaid forward stock purchase transaction of approximately $75.6 million of shares of the Company’s common stock in connection with the offering to facilitate hedging by certain investors.

The Company has granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a 7-day period beginning on, and including the date on which the Convertible Notes are first issued, up to an additional $25 million aggregate principal amount of the Convertible Notes. The offering is expected to close on July 8, 2025, subject to satisfaction of customary closing conditions.

Use of Proceeds:

The Company estimates that the aggregate net proceeds from the offering will be approximately $108.1 million (or approximately $132.2 million if the initial purchasers exercise in full their option to purchase additional notes), after deducting the initial purchasers’ discounts and commissions and the Company’s estimated offering expenses. The Company intends to use approximately $75.6 million of the net proceeds from the offering to fund a prepaid forward stock purchase transaction in connection with the offering and the remainder for general corporate purposes, including the acquisition of SOL.

Additional Details of the Convertible Notes:

The Convertible Notes will be senior unsecured obligations of the Company and will accrue interest at a rate of 5.5% per annum, payable semi-annually in arrears on January 1 and July 1 of each year, beginning on January 1, 2026. The Convertible Notes will mature on July 1, 2030, unless earlier repurchased, redeemed or converted in accordance with their terms. Prior to July 1, 2030, the Convertible Notes will be convertible only upon satisfaction of certain conditions and during certain periods, and thereafter, the Convertible Notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.

The Convertible Notes will be convertible into cash, shares of common stock or a combination of cash and shares of common stock, at the Company’s election, subject to certain restrictions. The conversion rate will initially be 43.2694 shares of common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $23.11 per share of common stock). The initial conversion price of the Convertible Notes represents a premium of approximately 10% to the $21.01 closing price per share of the common stock on The Nasdaq Capital Market on July 1, 2025. The conversion rate will be subject to adjustment in certain circumstances. In addition, upon conversion in connection with certain corporate events or a notice of redemption, the Company will increase the conversion rate.

The Company may not redeem the Convertible Notes prior to July 5, 2026. The Company may redeem for cash all or any portion of the Convertible Notes (subject to certain limitations), at its option, on or after July 5, 2026, if the last reported sale price of the common stock has been at least 150% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption to holders at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

Holders of the Convertible Notes will have the right to require the Company to repurchase all or a portion of their Convertible Notes upon the occurrence of a fundamental change (as defined in the indenture governing the Convertible Notes) at a cash repurchase price of 100% of their principal amount plus accrued and unpaid interest, if any, to, but excluding the applicable repurchase date.

Prepaid Forward Stock Purchase Transaction:

In connection with the pricing of the Convertible Notes, the Company entered into a privately negotiated prepaid forward stock purchase transaction (the “prepaid forward”) with one of the initial purchasers of the Convertible Notes (the “forward counterparty”) with respect to $75,636,000 of shares of common stock, initially equal to approximately 3,600,000 million shares of common stock.

The prepaid forward is generally intended to facilitate privately negotiated derivative transactions, including swaps, between the forward counterparty or its affiliates and investors in the Convertible Notes, enabling those investors to hedge their investments in the Convertible Notes. As a result, the prepaid forward is expected to allow the investors to establish short positions that generally correspond to (but may be greater than) commercially reasonable initial hedges of their investment in the Convertible Notes. In the event of such greater initial hedges, investors may offset such greater portion by purchasing shares of common stock on the day the Company prices the Convertible Notes. In connection with establishing its initial hedges of the prepaid forward, the forward counterparty or its affiliates generally expect to, but are not required to, enter into one or more derivative transactions with respect to shares of common stock with the investors of the Convertible Notes concurrently with or after the pricing of the Convertible Notes. Such activities, which may occur on or shortly after the pricing date of the Convertible Notes, could have the effect of increasing (or reducing the size of any decrease in) the market price of the shares of common stock and effectively raise the conversion price of the Convertible Notes.

Neither the Company nor the forward counterparty will control how investors of the Convertible Notes may use such derivative transactions, and any related market activity could result in more purchases or sales of common stock than there otherwise would have been, potentially impacting the market price of common stock and/or the price of the Convertible Notes.

In addition, the forward counterparty or its affiliates may modify its hedge positions by entering into or unwinding one or more derivative transactions with respect to shares of common stock and/or purchasing or selling shares of common stock or other securities of the Company in secondary market transactions at any time following the pricing of the Convertible Notes and prior to the maturity of the Convertible Notes. These activities could also cause or avoid an increase or a decrease in the market price of common stock or the Convertible Notes, which could affect the ability to convert the Convertible Notes and, to the extent the activity occurs following conversion or during any observation period related to a conversion of Convertible Notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of the Convertible Notes.

About DeFi Development Corp.

DeFi Development Corp. DFDV has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to Solana (SOL). Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer. The Company also operates an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 regarding, among other things, the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering, the intended use of proceeds, and the prepaid forward stock purchase program. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are based on the current expectations and beliefs of the Company’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including risks related to the satisfaction of the closing conditions for the proposed offering, and other risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:

ir@defidevcorp.com

Media Contact:Prosek Partners

pro-ddc@prosek.com 

Key takeaways:

• Solana now offers a mobile-first developer toolkit with wallet adapters, transaction helpers and templates.

• Developers can use React Native to build iOS and Android apps simultaneously.

• Deep-link wallet connections (e.g., Phantom, Backpack) eliminate the need for custom back-end integrations.

• Apps can fetch balances, NFTs and even trigger swaps or mints using Solana RPC directly.

• Open-source tools like Solana Mobile App Kit allow zero-infrastructure deployments.

Building decentralized applications (DApps) used to be complex, especially for mobile. Developers had to juggle back-end services, manage wallet integrations and deal with cross-platform quirks, but in 2025, that’s changed.

With the introduction of the Solana Mobile App Kit, React Native tooling and the SEND Kit ecosystem, it’s now possible to build a Solana-based mobile DApp for iOS and Android in under 15 minutes, without writing a single line of back-end code.

This guide breaks down how to build a mobile DApp that connects to Solana wallets, displays assets, enables basic DeFi actions like token swaps and runs entirely onchain. Let’s explore how it works and why this approach is fast becoming the new standard for Web3 mobile app development.

Why build Solana mobile apps in 2025?

Solana has seen massive developer growth, especially in consumer and DeFi apps. With mobile-first usage on the rise, builders now demand toolkits that streamline wallet connectivity, UI rendering and onchain interactions, without back-end dependencies.

Solana’s mobile tooling is designed to work out of the box with native mobile platforms and doesn’t require bootstrapping custom infrastructure. Developers can focus on features, UX and shipping fast. The Solana Mobile App Kit and React Native integration together provide:

• Prebuilt wallet adapters and deep link support.

• Mobile-ready components for NFTs, balances and tokens.

• Seamless support for iOS and Android with a single codebase.

Whether you are building an NFT marketplace, a DeFi portfolio tracker or even a meme token launcher, Solana’s mobile stack offers speed and flexibility.

Tools needed to build a Solana mobile DApp

Here’s the current stack developers can use to ship fast:

• React Native: For cross-platform app development.

• Solana Mobile App Kit: Mobile SDK featuring Solana-native components.

• Wallet Adapter (React Native): Enables plug-and-play wallet connectivity.

• SEND Kit: Provides app templates for NFTs, tokens and DeFi use cases.

• @solana/web3.js: Interfaces with Solana RPC endpoints and handles transactions.

• Phantom/Backpack Wallets: Mobile wallets supporting deep link integration.

With this stack, developers don’t need to worry about infrastructure, back-end databases or user authentication flows; the wallet takes care of it.

Did you know: Solana App Kit, developed by the Send ecosystem, offers one-command mobile app scaffolding with deep wallet integration, swaps, NFT minting, AI components and over 18 protocol integrations, right out of the box. 

Step-by-step guide to building a Solana mobile DApp 

Here’s how to do it, step by step:

Step 1: Set up your mobile app project

Start by initializing a new React Native app. You can use Solana AppKit’s CLI tool to scaffold a fully working mobile DApp in one command:

npx start-solana-app

This sets up a cross-platform iOS and Android app with preconfigured Solana wallet support, RPC tools and basic UI components.

Step 2: Integrate wallet login using deep links

Instead of building a login system, integrate with wallets like Phantom and Backpack via deep links using the Wallet Adapter for React Native. This allows users to connect and sign transactions securely via deep links without any back end.

Besides deep linking, Solana also offers a native Mobile Wallet Adapter (MWA) protocol with React Native libraries (@solana-mobile/mobile-wallet-adapter-protocol-web3js) for direct wallet communication.

Step 3: Fetch balances, NFTs and tokens

After wallet connection, use @solana/web3.js to query the user’s account info, including SOL balance, SPL tokens and NFTs. All of this happens on the client side by connecting directly to a Solana RPC endpoint.

Step 4: Trigger onchain actions like swaps or mints

Solana AppKit comes with support for DeFi and NFT protocols like Jupiter, Metaplex and Pump.fun. You can easily let users swap tokens, mint NFTs or launch memecoins via built-in modules that submit transactions through the wallet adapter.

Step 5: Deploy your app to iOS and Android

Use React Native’s toolchain (npx react-native run-ios or run-android) to build and test your app. The Solana Ecosystem Native Development (SEND) Kit offers modular app templates, all designed for rapid customization and deployment, such as:

These templates let developers focus on design and UX while handling blockchain logic under the hood.

Benefits of no-back-end mobile DApps

Building decentralized apps without a back end isn’t just a time-saver; it represents a significant shift in how Web3 apps are architected. The traditional approach relied on centralized services for critical functions like authentication, token metadata and session management. Thanks to wallet adapters and Solana RPC, much of that is no longer necessary.

Let’s break down how this modern architecture compares to the old way of building Web3 apps:

This shift in architecture has several advantages:

• Faster shipping cycles: With no back end to build, deploy or maintain, teams can launch prototypes or production apps in days, not months.

• Lower maintenance overhead: No servers means no infrastructure to patch, monitor or scale.

• Better UX by design: Since wallet login replaces clunky sign-up flows, users can be onboarded with just a tap.

• Improved security: Backend breaches are off the table. Wallets like Phantom and Backpack ensure private keys and session data never touch centralized servers.

• True decentralization: Every interaction, whether it’s minting an NFT, swapping tokens, or reading wallet balances, happens fully onchain, without intermediaries.

This mobile-native, no-back-end approach is especially powerful for DApps where fast finality and low fees are a prime requirement.

Did you know: By building for mobile app users, developers can potentially reach over 6 billion mobile users worldwide; that’s the combined audience of iOS and Android, all without needing separate codebases or back-end infrastructure.

How to scale your Solana mobile app

Once your MVP is ready, you can scale your app by:

• Integrating Solana Pay for in-person or QR-based payments.

• Adding push notifications for transaction events.

• Supporting Face ID or biometric security.

• Using open analytics tools for onchain engagement tracking.

• Expanding support for additional wallets using Wallet Adapter’s modular setup.

• Adding dark mode, offline viewing or multilingual support using React Native libraries.

From memecoins to NFT mints and DeFi tools, mobile-first blockchain experiences are becoming the norm. If you’re a developer or startup founder eyeing Web3, now’s the time to go mobile.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Solana has introduced a new mobile-first developer toolkit that is set to revolutionize the way blockchain applications are built. This toolkit enables the rapid creation of cross-platform mobile decentralized applications (DApps) with integrated wallet support and onchain functionality. By leveraging React Native and deep-link wallet connections, developers can bypass the complexities of traditional back-end infrastructure, streamlining the development process for both iOS and Android platforms simultaneously.

The Solana Mobile App Kit provides developers with prebuilt wallet adapters, transaction helpers, and UI templates, significantly reducing the time and complexity traditionally associated with building DApps. This toolkit allows developers to write a single codebase that functions seamlessly on both iOS and Android devices, eliminating the need for separate development streams. The integration of deep-link wallet connections with popular wallets such as Phantom and Backpack removes the necessity for custom back-end services, enhancing security by ensuring private keys remain on user devices.

One of the standout features of Solana’s mobile toolkit is its support for deep-link wallet integration. This technology enables users to connect their wallets and authorize transactions without the need for cumbersome authentication systems or centralized servers. The Wallet Adapter for React Native facilitates this by providing plug-and-play connectivity to wallets like Phantom and Backpack, which support secure deep linking protocols. Additionally, Solana’s Mobile Wallet Adapter protocol enhances this experience by enabling direct communication between the app and the wallet, streamlining transaction signing and improving overall user experience.

Developers looking to leverage Solana’s mobile-first stack can follow a straightforward process to build and deploy fully functional DApps. This process includes initializing a React Native project, integrating wallet login, fetching user data, enabling onchain actions, and deploying to mobile platforms. This streamlined workflow allows developers to focus on delivering compelling user experiences rather than managing complex infrastructure, significantly reducing time-to-market.

Transitioning to a no-back-end model for mobile DApps offers multiple benefits that align with the evolving demands of Web3 applications. By eliminating centralized servers, developers reduce operational costs and security risks associated with data breaches and server downtime. Wallet-based authentication simplifies user onboarding, enhancing retention through frictionless access. Furthermore, this architecture ensures that all critical interactions—such as token swaps, NFT minting, and balance queries—occur directly onchain, preserving the integrity and transparency of blockchain networks. The mobile-first approach also taps into a vast global audience, making it a strategic priority for developers aiming to scale their Web3 projects.

After launching a minimum viable product (MVP), developers can expand their Solana mobile apps by integrating additional features that enhance usability and engagement. These features include implementing Solana Pay for seamless QR code and in-person payments, adding push notifications, incorporating biometric authentication methods, utilizing open-source analytics tools, expanding wallet support, and enhancing UX with features such as dark mode, offline access, and multilingual support. These enhancements not only improve user satisfaction but also position Solana mobile apps as competitive offerings in the rapidly growing Web3 ecosystem.

In conclusion, Solana’s mobile-first developer toolkit represents a transformative shift in blockchain app development. By leveraging React Native, deep-link wallet integration, and onchain transaction capabilities, developers can deliver rich Web3 experiences that meet the demands of today’s mobile-centric users. As the ecosystem continues to mature, embracing these tools will be essential for builders aiming to innovate and scale in the competitive decentralized application landscape.

Market Mavens, Buckle Up!

Circle Internet Group (NYSE: CRCL) is about to pull a regulatory Hail Mary that could rewrite the rules of decentralized finance (DeFi). The company’s June 30 filing for a national trust bank charter—First National Digital Currency Bank, N.A.—is no mere bureaucratic box-ticking. This is a game-changer for crypto’s credibility, and it’s a sign that the wild west of DeFi is finally getting hitched to the rails of traditional finance. Let’s break down why this matters, and why you should care.

The Regulatory Rubicon: Circle’s “Trust” Play

Circle’s move to apply for a national bank charter from the Office of the Comptroller of the Currency (OCC) is the equivalent of crypto’s IPO moment. Think of it like this: if the OCC greenlights this, Circle’s USDC stablecoin—the second-largest in the world—will no longer just be a “digital dollar.” It’ll be backed by federal banking oversight, with reserves managed by a regulated institution.

This isn’t about crypto “going legit” (though that’s part of it). It’s about institutional adoption. By securing a trust bank charter, Circle can offer custody services for institutional clients, including blockchain representations of stocks, bonds, and other assets. That’s a $100 trillion opportunity in traditional markets suddenly accessible to DeFi.

Why This Signals DeFi’s Next Phase

DeFi’s growth has been hamstrung by two elephants in the room: regulation and trust. If Circle’s charter is approved, it’ll set a template for how crypto can operate within existing frameworks. The GENIUS Act—a U.S. bill aimed at stabilizing stablecoins—could finally get teeth, and that’s a massive tailwind for USDC.

But here’s the kicker: this isn’t just about compliance. By aligning with regulators, Circle is de-risking crypto for institutional money. Pension funds, hedge funds, and even corporations could soon use USDC for cross-border payments or remittances without fearing a regulatory backlash.

Compare this to the Wild West days of 2017, when crypto was all hype and no guardrails. Now? Circle’s move is like Tesla getting a safety certification from the National Highway Traffic Safety Administration—it legitimizes the entire industry.

The Data You Need to See

Let’s drop some numbers to back this up:

Circle’s IPO in June 2025 sent its valuation soaring to $18 billion, with shares tripling by day’s close. That’s not just investor exuberance—it’s a bet on Circle’s regulatory playbook. Meanwhile, Coinbase (COIN), which lacks such a charter, has lagged. The message is clear: regulatory moats matter.

The Investment Thesis: Buy the “Bridge”

Here’s where the money is:

1. Go all-in on Circle (CRCL) on dips. The OCC decision isn’t a done deal, but even the application signals confidence. If approved, CRCL’s valuation could skyrocket as institutional money floods in.

2. Look for “bridge” companies—firms like Anchorage Digital (already a national bank charter holder) or blockchain infrastructure plays like Marqeta (MQ)—that can connect DeFi to traditional finance.

3. Short the skeptics. Firms clinging to old-school crypto hype (no stablecoin reserves, no regulatory licenses) will get left in the dust.

The Risks?

Regulation is a double-edged sword. If the OCC denies the charter, it could spook investors. Plus, traditional banks might push back, seeing Circle’s move as encroaching on their turf. But here’s the thing: the genie’s out of the bottle. Even if this fails, the pressure on regulators to act is too great.

Final Call: This Is the Future

DeFi’s next chapter won’t be written by rogue coders in basements—it’ll be crafted in boardrooms and regulatory hearings. Circle’s trust bank play is the first shot across the bow. Investors who buy into this vision now could profit as crypto’s “legitimization” wave hits the markets.

Bottom line: Circle isn’t just a crypto company anymore. It’s a financial infrastructure pioneer. If you’re in for the long game, this is your move.

Disclosure: The author holds no positions in the stocks mentioned.

Solana (SOL) is currently poised for a potential rally towards $200, but this upward momentum requires key catalysts to drive it forward. The network recently experienced a 14% pullback from $158 to $143 due to stagnant DApp growth and waning memecoin hype. Despite this setback, futures data indicates an increase in leveraged positions, although sentiment remains cautious with funding rates dropping to 0%.

Analysts suggest that the approval of a spot SOL ETF and a renewed focus on tokenized real-world assets (RWAs) could reignite interest in Solana. Despite recent weakness, Solana’s $10 billion total value locked (TVL) and its efficiency advantages over Ethereum (ETH) suggest strong upside potential if institutional confidence returns. A shift in sentiment could accelerate a breakout beyond current resistance levels.

While Solana captures headlines with its $200 price target, seasoned investors are increasingly turning their attention to earlier-stage platforms where the upside potential is not just 2x or 3x, but 30x and beyond. This is where Mutuum Finance (MUTM) is gaining rapid traction. Currently priced at just $0.03 in its Phase 5 presale, Mutuum Finance offers real early entry with explosive upside potential.

For instance, a $3,000 investment into MUTM at $0.03 could balloon to $90,000 if the token hits a realistic post-launch value of $0.90, which analysts from top platforms have highlighted as achievable given the project’s lending utility, beta-ready platform, and rising community interest. With each presale phase pushing the price higher toward the $0.06 cap, this window is tightening fast—and those who wait may find themselves chasing momentum instead of capturing it.

In the middle of Phase 5, with over $11.3 million already raised and 12,600+ holders, Mutuum Finance (MUTM) is not just another presale. It is a structured roadmap-driven project aiming to become the backbone of peer-to-peer and peer-to-contract lending. Retail investors are starting to catch on, with over 35% of wallets joining in Phase 5 having deposits under $1,000, indicating a growing movement of individual investors preparing for what many believe could be the next 30x launch.

What separates Mutuum Finance from other early-stage projects is its clear roadmap and timely delivery. The beta version of the platform is on track to launch alongside the token listing, creating a smooth transition from presale to live utility. Once the beta is released, it will mark the start of real-time usage, setting the foundation for the stablecoin system and Layer-2 infrastructure to follow. This momentum will be followed by the rollout of Mutuum’s decentralized stablecoin, which will only be minted when users borrow against assets like ETH or BTC and will be burned upon repayment or liquidation. Governance will manage its interest rates to help it hold its peg near $1. This mechanism not only supports long-term price stability but will also increase trust in the protocol’s treasury structure.

Beyond that, the protocol is integrating with Layer-2 technology, dramatically reducing fees and speeding up transactions. This will be critical for high-volume lending and borrowing, especially as more users move assets into the platform to either earn passive income or unlock liquidity. Another investor who deposits $10,000 in USDC through Mutuum’s P2C lending model will receive mtUSDC, which automatically accumulates interest over time. Assuming an average APY of 18% (depending on pool utilization), this investor could earn $1,800 per year in completely passive income—without needing to reinvest or actively manage the position. Plus, those mtTokens can be used in other ecosystem functions like staking for MUTM token rewards, compounding the benefits even further.

Borrowers will have their own edge. For example, someone holding $10,000 worth of ETH can borrow up to 75% (depending on LTV ratio) of that value without selling their asset. This strategy will allow them to keep market exposure while using borrowed capital for other opportunities. Since all loans will be overcollateralized, and liquidations handled through the protocol’s “Stability Factor,” the system will remain balanced and safe for all users. The team is also running a $100K giveaway to reward early believers, with ten winners set to receive $10,000 worth of MUTM tokens. Combined with a $50,000 bug bounty in partnership with CertiK, the developers are showing a commitment to platform security and community trust. Mutuum’s CertiK audit has already achieved a 95.00 Token Scan Score and a 77 Skynet Score, validating the strength of its code and structure.

At just $0.03 per token, Mutuum Finance represents one of the most underpriced entries in the current DeFi cycle. Investors who deploy $4,000 at this price point and ride the token to $0.60—just a 20x move—will walk away with $80,000. For those eyeing even greater returns, projections as high as $1 per token are firmly in play as the roadmap advances and retail demand builds. The urgency is growing fast. As soon as Phase 5 ends, the token price will increase to 0.035, and the entry point for massive gains will disappear. While SOL targets a move to $200, the real explosion may come from projects still trading under the radar—projects like Mutuum Finance that have already secured strong funding, thousands of holders, and a product roadmap leading straight to live utility. Those who wait for confirmation will pay more. Those who move before the beta launches will own the upside.

TORONTO, June 30, 2025 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to , is pleased to provide the voting results from the 2025 Annual and Special Meeting of shareholders.

The Company announces that the nominees listed in the management proxy circular dated May 20, 2025 (the “Circular“) for the 2025 annual and special meeting of shareholders of the Company (the “Meeting“) were elected as directors of the Company. Shareholders at the Meeting also approved the appointment of the Company’s auditors and the adoption of the Share Incentive Plan..

Detailed results of the vote for the election of directors held at the Meeting on June 30, 2025 in Toronto, Ontario are set out below.

Election of Directors

The shareholders approved the election as directors of the persons listed below, based on the following vote.

Shareholders voted 95.592% in favour of the approval of the appointment of the Company’s auditors, with 4.408% of shareholders withholding their vote on the appointment of auditors.

Shareholders at the Meeting also approved the Company’s share incentive plan (the “Share Incentive Plan“), with 70.365% in favour and 29.635% against.

A total of 127,577,203 common shares were voted in connection at the Meeting, representing approximately 38.69% of the issued and outstanding common shares of the Company.

The Company’s board would like to express its gratitude to its shareholders for their participation and support.

About DeFi Technologies

DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit https://defi.tech/

Cautionary note regarding forward-looking information:

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of DeFi Technologies, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of exchange traded product by exchanges; change in valuation of digital assets held by the Company; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-announces-2025-agm-results-302494757.html

SOURCE DeFi Technologies Inc.

TORONTO, June 30, 2025 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to , is pleased to provide the voting results from the 2025 Annual and Special Meeting of shareholders.

The Company announces that the nominees listed in the management proxy circular dated May 20, 2025 (the “Circular“) for the 2025 annual and special meeting of shareholders of the Company (the “Meeting“) were elected as directors of the Company. Shareholders at the Meeting also approved the appointment of the Company’s auditors and the adoption of the Share Incentive Plan..

Detailed results of the vote for the election of directors held at the Meeting on June 30, 2025 in Toronto, Ontario are set out below.

Election of Directors

The shareholders approved the election as directors of the persons listed below, based on the following vote.

Shareholders voted 95.592% in favour of the approval of the appointment of the Company’s auditors, with 4.408% of shareholders withholding their vote on the appointment of auditors.

Shareholders at the Meeting also approved the Company’s share incentive plan (the “Share Incentive Plan“), with 70.365% in favour and 29.635% against.

A total of 127,577,203 common shares were voted in connection at the Meeting, representing approximately 38.69% of the issued and outstanding common shares of the Company.

The Company’s board would like to express its gratitude to its shareholders for their participation and support.

About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit https://defi.tech/ 

Cautionary note regarding forward-looking information: 
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of DeFi Technologies, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of exchange traded product  by exchanges; change in valuation of digital assets held by the Company; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-announces-2025-agm-results-302494757.html

SOURCE DeFi Technologies Inc.

The XRP Ledger has expanded its capabilities with the launch of an Ethereum-compatible sidechain, marking a significant development in the blockchain ecosystem. This new sidechain enables Ethereum-based smart contracts and cross-chain decentralized finance (DeFi) applications, leveraging XRP as its gas token. The integration allows developers to write smart contracts in Solidity, the programming language commonly used on Ethereum, while benefiting from the XRP Ledger’s established infrastructure, fast block times, and low transaction fees.

The sidechain, built by Peersyst with support from Ripple and the broader XRPL community, has been connected to over 80 blockchains through Axelar, a cross-chain connectivity provider. This connection facilitates cross-chain real-world asset (RWA) and DeFi applications, expanding the reach and utility of the XRP Ledger. The bridge, which went live simultaneously with the sidechain’s debut, provides developers with an immediate route to multiple blockchains and allows the sidechain to use wrapped XRP as its native gas token. This seamless integration is managed through a user-friendly interface run by Squid, eliminating the need for users to juggle multiple wallets and bridges.

The launch of the EVM-compatible sidechain opens up new opportunities for developers and institutions. More than six million XRP Ledger wallets are now just one click away from DeFi applications that were previously exclusive to Ethereum Virtual Machine (EVM) chains. Several projects have already begun to leverage this new capability. Strobe is introducing a money market for lending and over-collateralized borrowing, while Securd is offering a lending model that finances leveraged DeFi positions. Vertex, known for its derivatives engine, plans to bring capital-efficient trading to the network. Additionally, Blockscout is providing a block explorer, and Goldsky is handling indexing and data feeds.

The sidechain’s compatibility with EVM also provides a timely tool for institutions exploring tokenized dollars and other real-world assets. The XRP Ledger has long positioned itself as a platform for regulated finance, and its backers believe that EVM compatibility strengthens this position. David Schwartz, Ripple’s chief technology officer and one of the ledger’s original architects, highlighted that the sidechain allows teams to use familiar EVM tooling while drawing on XRP liquidity. Georgios Vlachos, who heads the Axelar Foundation, noted that banks and fintech firms are actively seeking reliable cross-chain rails, and this collaboration addresses that demand without altering the core XRP network.

Furthermore, Ripple has integrated Wormhole to enable the XRPL and its EVM sidechain to interact with over 35 blockchain networks, including Ethereum and Solana. This integration enhances the network’s utility by allowing developers to execute Ethereum-based smart contracts on the XRP Ledger, further expanding its capabilities. The sidechain also supports stablecoins like RLUSD and asset tokenization, broadening the ledger’s use cases beyond payments.

With the bridge live and early decentralized applications (dApps) moving in, the XRP Ledger steps into the multichain era. The network aims to differentiate itself through speed, low costs, and a growing list of compliant rails, positioning itself as a competitive player in an increasingly crowded field. This development underscores the XRP Ledger’s commitment to innovation and its potential to become a leading platform for cross-chain DeFi and real-world asset tokenization.