DeFi Development Corp. Appoints Hadley Stern to Board of Directors

Core Insights - DeFi Development Corp. has appointed Hadley Stern to its Board of Directors, enhancing its leadership in the digital asset space [1][4] Group 1: Company Overview - DeFi Development Corp. is the first public company with a treasury strategy focused on accumulating and compounding Solana (SOL) [1] - The company has adopted a treasury policy where the principal holding in its treasury reserve is allocated to SOL, providing investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem [5] - DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake, and is engaged in decentralized finance (DeFi) opportunities [5] Group 2: Leadership and Expertise - Hadley Stern brings over a decade of experience in digital assets, blockchain infrastructure, custody, compliance, and institutional adoption [2] - His previous roles include Senior Vice President at Fidelity Labs, where he launched a blockchain-specific incubator, and Chief Operating Officer at Bloq, focusing on blockchain infrastructure [3] - Stern's experience includes serving as Chief Compliance Officer at Marinade Labs and Head of Global Digital Asset Custody at The Bank of New York Mellon, where he launched the first bank-grade digital asset custody platform for bitcoin and ethereum [3] Group 3: Strategic Vision - The CEO of DeFi Development Corp. emphasized that Stern's background at the intersection of institutional finance and Solana infrastructure will be invaluable for executing the company's treasury strategy [4] - Stern expressed excitement about joining the board at a time of increasing institutional interest in Solana and on-chain yield, highlighting the company's innovative approach to digital asset treasury management [4]