This new ownership group plans to use the company’s treasury to buy SOL and invest in Solana validators.
The SOL acquisition comes with big plans to expand Janover’s reach.
Janover Invests $42M to Integrate Solana Into Real Estate
The team behind the acquisition raised $42 million from investors, including Pantera Capital and Kraken. With their deep ties to the crypto world, they are positioning Janover to leverage blockchain’s speed and efficiency to enhance real estate transactions. The real estate platform, which simplifies commercial real estate financing, could soon integrate blockchain technology to streamline its operations even further.
The decision to use Janover’s treasury to buy SOL and invest in Solana validators comes as part of the plan to solidify their stake in the Solana network. Solana, known for its fast transaction speeds and low costs, is becoming a prime choice for blockchain-driven projects. By acquiring Solana tokens and validators, Janover aims to tap into the rapidly growing ecosystem, potentially reaping rewards as the Solana network expands.
BREAKING: A team of ex-Kraken execs has acquired real estate platform Janover (NASDAQ: $JNVR) and announced plans to stockpile @Solana as a core strategic asset.$JNVR stock has surged over 800% following news of a $42 million raise. pic.twitter.com/YpRXOTtntI
— SolanaFloor (@SolanaFloor) April 8, 2025
For the ex-Kraken employees behind the move, it’s not just about cashing in on the crypto boom. They’re looking to build a bridge between traditional real estate and cutting-edge blockchain technology. The team hopes to bring a fresh approach to how commercial real estate deals are done. They plan to do this by combining the liquidity and transparency of blockchain with real estate finance.
More About Solana
Solana has revealed the first speakers for its highly anticipated Accelerate event. It will take place from May 19 to 23 in New York City. This event promises to be America’s largest crypto conference. It will gather over 3,000 leaders from tech, finance, and policy.
Introducing the first speakers for Accelerate
This May, we bring together 3000+ leaders from tech, finance, and policy for America’s largest crypto conference in NYC.
You in? pic.twitter.com/sK4Eq1kokj
— Solana (@solana) April 7, 2025
It’s shaping up to be a major opportunity for networking and collaboration. Industry experts will come together to discuss the future of crypto.
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The post Ex-Kraken Team Acquires Janover Inc. to Buy SOL appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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