At the recent Solana Oriental Conference, Fragmetric Labs co-founder Sang Kim announced a partnership with Nasdaq-listed DeFi Development Corp. (NASDAQ: DFDV) to launch the first digital asset company integrated with the Solana protocol. He stated that the new company, whose name has not yet been announced, will be South Korea's first digital asset company based on the Solana blockchain.
Fragmetric Labs, a liquidity re-hypothecation platform built on the Solana blockchain, will establish a new entity through a partnership with DeFi Dev Corp to integrate on-chain asset management with traditional financial structures.
DeFi Development Corp is the first Solana listed company to use SOL savings and compound interest mechanism as its core strategy, and is committed to promoting the integrated application of on-chain asset reserves and staking rewards.
According to an announcement by Fragmetric Labs later than that of Social Platform X, the new company will be the operating entity of the Solana Digital Asset Treasury (DAT), further integrating on-chain re-staking technology with traditional financial structures. The name of the new company has not yet been disclosed.
Fragmetric Labs: An asset library model centered around re-staking
Fragmetric Labs is a liquidity re-staking platform built on the Solana protocol, providing users with the ability to stake and re-stake SOL tokens across multiple protocols, enhancing asset efficiency and network security.
Its core infrastructure includes the asset management standard known as FRAG-22, which supports multi-asset deposits, instant reward distribution, and a modular yield structure. This standard also integrates Solana's efficiency and composability, making it easier for developers to build complex DeFi strategies while enhancing transparency and protocol security.
As of the latest statistics, the total value locked (TVL) on the Fragmetric platform is approximately $96.16 million, with 377,520 fragSOL currently held, of which 234,381 are in circulation. While the protocol has seen a slight decrease in liquidity since June, it remains one of the primary restaking protocols in the Solana ecosystem.
Fragmetric partners with DeFi Dev Corp to advance Solana into the traditional Korean market
Fragmetric will collaborate with DeFi Development Corp to expand the use cases of the dfdvSOL token, which will be included in Fragmetric's re-staking process. The protocol has issued a new asset to further strengthen its on-chain asset management strategy.
This collaboration marks the first time the Solana Restaking Protocol has entered the traditional financial landscape by integrating with a publicly listed Korean company, potentially providing a model for integration with more protocols and listed companies.
Fragmetric Labs co-founder Sang Kim made a significant announcement at the Solana Oriental Conference, marking a crucial step for the Solana blockchain's restaking protocol to enter the traditional financial markets. Fragmetric Labs, in partnership with DeFi Dev Corp, is creating a new Solana digital asset vault that will not only enhance on-chain asset management efficiency but also establish a new paradigm for the integration of Web3 and traditional capital markets.
References:
Fragmetric Protocol Documentation
Fragmetric unveils DAT company with South Korea-listed company
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