Nasdaq-listed Solana Treasury Company DeFi Development Makes Strategic Investment in Stablecoin Protocol Apyx

Odaily News: Nasdaq-listed Solana treasury company DeFi Development has announced a strategic investment in the stablecoin protocol Apyx. The specific investment amount has not been disclosed. The move aims to establish an early position in the emerging Dividend-Backed Stablecoin (DBS) category. The Apyx model can convert dividend streams into on-chain yields, providing scarce yield opportunities for the over $300 billion stablecoin market, while aligning with the trend of digital asset treasury companies accumulating digital assets through preferred stock. (Globenewswire)