Nasdaq-listed Solana treasury company DeFi Development makes strategic investment in stablecoin protocol Apyx

According to Odaily, Solana treasury company DeFi Development, which is listed on Nasdaq, has announced a strategic investment in the stablecoin protocol Apyx. The specific investment amount has not been disclosed. The aim is to establish an early presence in the emerging category of dividend-backed stablecoins (DBS). The Apyx model can convert dividend flows into on-chain yields, providing scarce yield opportunities for the stablecoin market, which exceeds $300 billions, while also aligning with the trend of digital asset treasury companies accumulating digital assets through preferred shares. (Globenewswire)