Janover Inc. has announced plans to receive a portion of Kraken’s staked Solana tokens under a non-binding letter of intent. This follows a recent acquisition of a majority stake in Janover by a group of former Kraken employees. Kraken is set to delegate both current and future Solana stakes to validators that Janover intends to operate. The company, which aims to rebrand as DeFi Development Corporation, has raised $42 million through convertible bonds. Notably, while Kraken is pledging its stake to Janover, the latter currently lacks its own validator operations. The deal is seen as a significant reaffirmation of Kraken's support for Janover, which is attempting to position itself as a strategic investment vehicle for Solana, contrasted with traditional ETFs. Last week, Janover's stock surged over 1,700%, indicating strong market confidence in its potential. Executives highlight Janover's unique approach to capitalizing on Solana's volatility compared to Bitcoin.

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