Janover Inc. Embraces Solana Treasury Under New Crypto Leadership

A team of crypto industry veterans has taken the reins at Janover Inc., a publicly traded company listed on NASDAQ under the ticker JNVR. Announced on April 07, 2025, this acquisition marks a significant shift as former Kraken executives acquire majority ownership, steering Janover toward a future deeply rooted in digital assets. The team, led by Joseph Onorati and Parker White, brings a wealth of experience from the crypto world, aiming to bridge the liquidity gap between TradFi and DeFi.

Joseph Onorati will step into the role of Chairman and CEO, while Parker White assumes the dual responsibilities of Chief Investment Officer and Chief Operating Officer. Founder Blake Janover and Director William Caragol will continue to serve on the board, ensuring continuity, while Marco Santori, previously Kraken’s Chief Legal Officer, joins as a new board member. This leadership overhaul accompanies the acquisition of 728,632 shares of common stock and all 10,000 shares of Series A Preferred Stock, cementing the control group’s influence over Janover’s direction.

A Strategic Pivot to Solana and Digital Assets

Perhaps the most striking element of this transition is Janover’s adoption of a treasury policy that prioritizes digital assets, with an initial focus on Solana, a prominent blockchain known for its high-speed transactions and scalability.

The company plans to allocate its principal treasury reserve to Solana tokens, exploring the acquisition of Solana validators to stake SOL and generate additional revenue. Validators play a critical role in blockchain networks by validating transactions and maintaining consensus, requiring operators to stake a significant amount of SOL to participate.

In return, they earn more SOL tokens, tapping into a multi-billion-dollar staking ecosystem on Solana. Janover’s leadership sees this as a strategic entry point into the DeFi landscape, positioning the company as a pioneer among U.S. public markets.

While this digital asset strategy takes center stage, Janover remains committed to its core business, which is steadily transitioning into a Software-as-a-Service model. Blake Janover and Chief Financial Officer Bruce Rosenbloom will stay involved in day-to-day operations, preserving the company’s expertise and service quality during this evolution. The blend of traditional business operations with a forward-looking crypto strategy underscores the team’s ambition to balance stability with innovation.

As part of this transformation, Janover Inc. will eventually rebrand as DeFi Development Corporation, complete with a new ticker symbol, signaling its full embrace of decentralized finance. This acquisition and strategic pivot reflect a broader trend of crypto expertise infiltrating traditional markets, offering a glimpse into the future of corporate finance where digital assets play a starring role.