Mercurity Fintech Holding Inc. said it has secured a $200 million equity line of credit from Solana Ventures to build a Solana-based digital asset treasury.
Mercurity Fintech Holding Inc. said it has secured a $200 million equity line of credit from Solana Ventures to build a Solana-based digital asset treasury. The financing will allow the New York-listed blockchain services firm to accumulate Solana’s SOL token, generate yield through staking and validator nodes, and invest in projects built on the Solana network.
The company described the move as a shift beyond providing fintech infrastructure toward active participation in decentralized finance. “Solana is emerging as a high-performance layer for tokenized assets, real-time payments and institutional-grade DeFi,” Chief Strategy Officer Wilfred Daye said in the statement.
Mercurity Fintech aims to become a leading institutional holder of SOL and sees the new capital as a way to diversify revenue through on-chain activities. The agreement deepens Solana Ventures’ push to expand its ecosystem at a time when traditional financial firms are increasingly exploring blockchain-based treasury management.
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Source: https://thedefiant.io/news/defi/solana-ventures-invests-200-million-mercurity-fintech-sol-treasury-0531dd25