Fitell (US:FTEL) Globenewswireยท2025-09-23 13:10Core Insights - Fitell Corporation aims to become the largest publicly listed holder of Solana (SOL) in Australia, launching the first Solana-based digital asset treasury in the country with a facility of up to $100 million [1][9] - The company has appointed David Swaney and Cailen Sullivan as advisors to lead its digital asset treasury strategy, focusing on decentralized finance (DeFi) and structured product strategies to optimize treasury performance [3][4] Digital Asset Treasury Strategy - The digital asset treasury roadmap includes generating yield through various DeFi opportunities and risk management frameworks, moving beyond traditional staking models [3][4] - The strategy will deploy SOL assets across a diversified suite of on-chain DeFi and derivatives strategies, including structured products like options and liquidity provisioning [6] Advisors' Insights - David Swaney emphasizes that digital asset treasuries could set the foundation for digital asset ETFs, with yield generation being a key differentiator [4] - Cailen Sullivan highlights the focus on the broader Solana ecosystem, aiming to generate outsized returns and support the growth of DeFi applications [4][5] Company Developments - Fitell plans to initiate a dual listing on the Australian Securities Exchange (ASX) to enhance access for regional investors [6] - The company intends to rebrand as "Solana Australia Corporation" following the launch of its treasury [6] Security and Custody - Initial SOL assets will be custodied with BitGo Trust Company, Inc. in the U.S., utilizing institutional-grade infrastructure for staking [6] Financial Backing - To support initial SOL acquisitions, Fitell has secured a convertible note facility of up to $100 million, with $10 million allocated for immediate SOL purchases [9]