Solana's treasury firm, DeFi Development Corp. (DFDV), is making its entry into the UK market by establishing a new subsidiary, DFDV UK. This move marks the company's expansion overseas, as it aims to become the UK's first public treasury company dedicated to Solana. The expansion was facilitated through the acquisition of Cykel AI, a company listed on the London Stock Exchange under the ticker CYK.L. DeFi Development Corp. now holds approximately 45% of Cykel AI's equity, with the remaining shares owned by local management and board members. The acquisition was completed by a group of investors.
Solana's DeFi Development Corp. Expands to UK with New Subsidiary
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.