Boca Raton-based DeFi Development Corp (DFDV) has announced the creation of a new UK subsidiary, marking its first step into international markets. The move makes the company the first U.S. crypto treasury firm to set up operations in the United Kingdom. Its expansion will focus on Solana-based assets. Building a Solana Presence in London Solana-focused fintech company announced that its UK arm, DFDV UK, will be established through the acquisition of Cykel AI. Cykel AI was previously listed on the London Stock Exchange under the ticker CYK.L. DeFi Development Corp now owns around 45% equity in the new subsidiary. The remaining shares are held by local managers and board members, giving the UK branch a degree of independence. At the same time, it stays aligned with the group’s global strategy. The acquisition was carried out by a wider group of investors, highlighting confidence in the company’s growth plans. DeFi Development Corp’s move into the UK is likely driven by the country’s clear approach to crypto rules. The UK is trying to support new ideas in the industry while also keeping strong protections in place. Additionally, London’s status as a major financial center makes it an appealing market for companies that want stability and access to big investors. DeFi Development Corp Launches UK Pilot for Global Treasury Strategy The expansion is described as the first milestone in DeFi Development Corp’s Treasury Accelerator strategy. This strategy aims to create treasury vehicles across international markets. Each vehicle will be built around the Solana blockchain ecosystem. According to the company, five additional treasury vehicles are already in development. The UK launch is seen as a pilot project that will set the tone for future rollouts in other regions. DeFi Development Corp was founded earlier this year by former Kraken employees. Its main activities include buying and staking Solana, as well as investing in Solana-linked tokens such as Dogwifhat. It also provides validator services, some of which are run for Kraken. DFDV Ties UK Expansion to Solana-Linked Shareholder Metric Chief Executive Officer Joseph Onorati explained that the UK launch reflects a strong commitment to expanding the company’s Solana per share (SPS) metric. SPS is used internally to measure how the company’s stock performance tracks against the market value of SOL. The idea is to give shareholders a clear sense of how their investment is tied to the growth of the Solana ecosystem. As the firm expands internationally, management believes that SPS will become a stronger measure of long-term value. At present, SOL trades at about $204, an increase from around $195 at the start of the year, though still below its all-time high of $293.31. The company believes that its stake in DFDV UK will bring additional upside to SPS and further strengthen shareholder returns if Solana continues to gain adoption. The post DeFi Development Corp Enters UK With Solana Treasury Move appeared first on TheCoinrise.com .
