DeFi Development, in collaboration with Superteam Japan, has announced the launch of Japan’s first Solana 
$143 treasury, DFDV JP. Following this announcement, the SOL coin’s price responded positively, distinguishing itself from many other altcoins by returning to the green zone. This initiative marks the company’s second expansion in Asia, aiming to provide a Solana-based treasury and asset management infrastructure for institutional participants.
The Establishment of a Solana Treasury in Japan
DeFi Development, listed on Nasdaq, revealed that the DFDV JP initiative will operate under the Treasury Accelerator Program. This program offers strategic and technical support for institutions to establish and manage treasuries on Solana. Its model validator infrastructure includes balance sheet investment and ecosystem integration. Parker White emphasized Japan’s advanced position in Blockchain innovation and regulation, highlighting how local collaboration will enhance corporate adoption.
Thanks to Superteam Japan, local network and community access will deepen. The organization hosts SuperTokyo, Japan’s largest Solana event, and is involved in stablecoin projects through partnerships with Minna Bank and Fireblocks. Hisashi Oki, the country leader, described the collaboration as defining for the Japanese Blockchain sector, expressing that it opens a direct participation gateway for local investors and businesses in Solana’s growth.
In a recent announcement, DeFi Development disclosed that it has acquired 196,141 SOL coins at an average price of $202.76, increasing their total SOL holdings to 2,027,817 coins, valued at $427 million.
Current Status of SOL’s Price
The atmosphere around SOL’s price is positive. Analysts suggest that maintaining a price above $229.49 could drive it towards $238.56, while slipping below $222.17 poses a short-term correction risk down to $214.84.
The regulatory front, which strengthens institutional interest, is also dynamic. Bitwise updated its Solana ETF application to include staking terms and reduced fees. The final decision date for the ETF is poised for October 16, with market experts anticipating approvals for multiple Solana-based ETFs within the same week. Lark Davis highlighted the growing institutional appetite, noting a record weekly inflow of $706 million into existing Solana ETPs. The total asset value under management in ETPs has surpassed $5.1 billion, doubling its previous record from before July.
