DeFi Development forms partnership with ZeroStack in treasury deal

DeFi Development Corp. (NASDAQ: DFDV) announced a strategic collaboration with ZeroStack, a digital asset treasury company focused on the 0G cryptoasset. The partnership involves DeFi Development participating in a private placement transaction through Flora Growth Corp. (NASDAQ: FLGC), which expects to rebrand as ZeroStack.

Under the arrangement, DeFi Development contributed Solana (SOL) tokens in exchange for a convertible note and received an equity stake in ZeroStack. The company will provide ZeroStack with asset management, accounting support, and technology services. ZeroStack will hold the SOL invested by DeFi Development on its balance sheet.

The convertible note is denominated in SOL and provides for interest payments at an 8.0% annual rate, payable quarterly in SOL. ZeroStack and the 0G network plan to build a bridge to the Solana ecosystem to support decentralized AI applications across both blockchain networks.

The 0G Network operates as a decentralized AI Layer-1 blockchain designed to handle AI workloads at scale by orchestrating hardware resources and software assets. DeFi Development positions itself as a public company with a treasury strategy focused on accumulating Solana tokens.

"The DFDV Treasury Accelerator is designed to back the most innovative treasury structures in digital assets," said Joseph Onorati, Chief Executive Officer of DeFi Development Corp.

DeFi Development will host an X Spaces event on September 23, 2025, at 2:00 p.m. ET to discuss recent deals under its Treasury Accelerator program. The company operates validator infrastructure for Solana staking and provides data and software subscriptions to commercial real estate professionals, serving over one million web users annually.

You May Also Be Interested In