PANews reported on November 13 that according to Cointelegraph, according to an announcement on November 12, the cryptocurrency investment platform DeFi Technologies created a new company called SolFi, aiming to become "Solana's MicroStrategy."

DeFi Technologies said that the subsidiary SolFi is entirely focused on "giving investors direct access to the Solana blockchain ecosystem through proprietary trading, validator node operations, and ecosystem investment." It added that SolFi will compete with existing SOL staking platforms with the goal of providing higher staking SOL returns.