Fitell (US:FTEL) Globenewswire·2025-09-24 15:05Core Insights - Fitell Corporation aims to become the largest publicly listed holder of SOL in Australia, marking the launch of the first Solana-based digital asset fund in the country [1][6] - The company has secured up to $100 million in financing to support its Solana fund strategy, with an initial $10 million allocated for SOL purchases [1][6] Group 1: Digital Asset Fund Strategy - Fitell has appointed David Swaney and Cailen Sullivan as advisors to lead the digital asset fund strategy, focusing on optimizing fund performance through DeFi opportunities and innovative yield generation beyond traditional staking [3][4] - The strategy includes deploying SOL assets in various on-chain DeFi and derivative strategies, such as options and structured products, to generate excess returns [4][6] Group 2: Company Initiatives - Fitell is initiating a dual listing on the Australian Securities Exchange (ASX) to expand investment channels for regional investors [4][6] - The company plans to rebrand as "Solana Australia Corporation" following the initial launch of the Solana fund [4][6] Group 3: Security and Management - The initial SOL assets will be custodied by BitGo Trust Company, Inc., ensuring institutional-grade security and staking [4][6] - The advisors emphasize the importance of integrating assets on-chain and collaborating with native projects to create value and set benchmarks for Solana's ecosystem [4][5]