The company added 5,336 SOL as tokenized assets on Solana surpassed $5 billion, while SOL traded near $93 following an 8% weekly decline.
DeFi Development Corp. has increased its Solana treasury to approximately 2.6 million SOL and SOL equivalents, adding 5,336 SOL since its previous update.
The Nasdaq listed company said in a Monday announcement that its holdings reached 2,600,948 SOL and SOL equivalents as of October 30, up from 2,595,612 on October 23.
The announcement comes as SOL trades near $93, down more than 1% over the past 24 hours and nearly 8% over the past week.
DeFi Development also confirmed that the annual dividend rate on its Variable Rate Series C Perpetual Preferred Stock, trading under the ticker CHAD, increased from 13% to 14% effective November 2.
The company has continued expanding its Solana holdings through purchases and staking operations, positioning itself to benefit from the network’s growing adoption across decentralized finance and tokenized financial assets.
Tokenized assets on Solana surpass $5B
DeFi Development highlighted the growth of tokenized real world assets on Solana as a key reason behind its continued accumulation strategy.
According to RWA.xyz data, the total value of tokenized assets on Solana surpassed $5 billion for the first time in late October, reaching approximately $5.1 billion.
The assets include tokenized equities, US Treasuries, private credit and other traditional financial instruments represented on blockchain networks.
The company expects growing institutional adoption of tokenization to increase demand for Solana’s infrastructure, citing its transaction speed, low fees and expanding financial ecosystem.
“Tokenization is rapidly moving from an emerging use case to a major driver of blockchain adoption,” said Joseph Onorati, CEO of DeFi Development Corp.
Onorati said the company views tokenization as a long term driver of SOL demand and plans to continue accumulating the asset as financial markets expand their use of blockchain infrastructure.
DeFi Development raises CHAD dividend rate to 14%
DeFi Development also confirmed that its CHAD preferred shares now carry a 14% annual dividend rate, up from 13%.
Based on the security’s $10 stated amount, the new rate represents $1.40 in annual dividends per share, compared with $1.30 previously.
Dividends are cumulative and payable each business day when declared by the company’s board. The rate is variable and the payments are not guaranteed.
The company said its Solana holdings generate recurring income through native staking and validator operations, which can help support preferred dividend obligations.
Unlike Bitcoin treasury companies that primarily rely on price appreciation, DeFi Development earns staking rewards from participating in the Solana network.
The company intends to continue expanding CHAD as part of its capital strategy, using the preferred stock to support further SOL accumulation while providing an income oriented alternative to common equity.
