DeFi Dev Partners Solflare to Expand Solana Onchain Finance

DeFi Development Corp. has entered a strategic partnership with Solflare, designating it as the official wallet provider to promote adoption of onchain financial products like staking and equity offerings within the Solana ecosystem. The collaboration includes issuing Solflare’s crypto-backed debit cards to DeFi Dev employees and leveraging Solflare’s 4 million active users to increase awareness of DeFi Dev’s native token, DFDV. DeFi Dev has also accumulated nearly 1 million Solana (SOL) tokens, staking them to support network security and generate rewards, aligning with its treasury strategy. Separately, Alchemy Pay integrated Solv Protocol to enable fiat on-ramp access to Bitcoin-native DeFi assets, allowing users to purchase digital assets using traditional payment methods such as Mastercard, Visa, and Apple Pay. This partnership aims to expand accessibility to Bitcoin yield products globally, supporting Solv Protocol’s mission to build a $1 trillion Bitcoin-native economy by leveraging Alchemy Pay’s extensive payment channels across 173 countries. Both collaborations reflect broader trends of institutional alignment and integration between traditional financial systems and decentralized finance platforms to enhance adoption and usability.