A team of veterans in the Crypto industry who previously had with Kraken has acquired majority ownership of Janover Inc., and the company has gained a key pivot towards decentralized finance.
The group includes Joseph Onorati, now chairman and CEO, and Parker White, who has been appointed Chief Investment Officer and Chief Operating Officer, according to the company’s announcement.
The new leadership includes Marco Santori, former Chief Justice Secretary of Kraken, and William Caragol, who will join the board along with the company’s founder Blake Janover and remain chairman of the Audit Committee.
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Solana Reserve Strategy
Under the new management team, Janover is adopting a digital asset financing strategy that begins with Solana (SOL). The company plans to acquire and operate Solana Validators. This is a key blockchain node that protects your network and earns staking rewards.
The objective of this strategy is to generate returns by staking SOLs and reinvest those revenues to obtain more tokens and validation operations.
This transition coincides with Janover’s broader shift from traditional lending platforms to SaaS business models. The company has also announced plans to rebrand as Defi Development Corporation, with future changes to the ticker symbol.
CEO Joseph Onorati highlighted the company’s push towards Defi as a milestone in filling traditional and decentralized finances. “We are proud to have introduced a digital asset financing strategy in the US public market, which first focused on Solana,” he said.
White brings technical expertise as the current Solana Validator operator and manages $75 million in delegated stock, while Onorati has a background in the crypto trading and exchange business.
Yanover’s existing leadership, including founder Blake Yanover and CFO Bruce Rosenbloom, will remain to support the company’s continued operations in the transition.
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