DFDV Strikes ZeroStack Deal, Signs LOI for DFDV Korea as Solana Treasury Strategy Expands
The moves advance DFDV’s Solana-per-share plan by using SOL‑denominated financing that places tokens on partner balance sheets.
Overview
- DFDV contributed SOL to Flora Growth’s private placement as it rebrands to ZeroStack, receiving a SOL‑denominated convertible note paying 8.0% annually in SOL, an equity stake, and a services agreement.
- ZeroStack and the 0G network plan to build a bridge to Solana for decentralized AI applications, and ZeroStack will hold the SOL invested by DFDV on its balance sheet.
- Separately, DFDV announced an LOI to form DFDV Korea through the acquisition of a publicly listed company in South Korea, with Fragmetric to lead operations and DFDV to receive equity and partnership fees for services.
- DFDV continues to accumulate SOL, with reports citing holdings above 2 million SOL and a recent purchase of 62,745 SOL, and it scheduled an X Spaces discussion for September 23 on Treasury Accelerator initiatives.
- Market coverage noted a price drop in SOL with higher trading volumes and increased short positioning following the news, and DFDV named Dan Kang as Chief Strategy Officer to lead strategy and capital markets.