ChainCatcher reports that, according to market sources, Solana’s treasury company DeFi Development listed on Nasdaq announced a strategic investment in the stablecoin protocol Apyx. The specific investment amount has not been disclosed. The goal is to establish an early presence in the emerging dividend-backed stablecoin (DBS) category.
Apyx’s model converts dividend streams into on-chain yields, offering a scarce income opportunity for the over $300 billion stablecoin market, while aligning with the trend of digital asset treasury companies accumulating digital assets through preferred shares.
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