DeFi Development enters LOI for DeFi Development Corp. Korea

DeFi Development (DFDV) announced an LOI for the establishment of DeFi Development Corp. Korea, a Solana Digital Asset Treasury, through the Company’s Treasury Accelerator program. DFDV Korea will be created through the acquisition of a publicly listed company in Korea. A management team from Fragmetric will lead the new entity, bringing deep experience in Korea’s digital asset markets and institutional channels. As part of the partnership, DeFi Development Corp. established a partnership fee arrangement tied to services such as asset management, accounting/finance support, and technology services, and will receive an equity stake in DFDV Korea.