Mercurity Fintech Holding Inc. has secured a $200 million credit line from Solana Ventures Ltd., an entity affiliated with the Solana blockchain, to establish a dedicated Solana-based treasury strategy. The agreement focuses on accumulating SOL tokens, engaging in staking activities, operating validator nodes, and developing institutional-grade DeFi protocols within Solana's ecosystem.
Wilfred Daye, Chief Strategy Officer of Mercurity, emphasized Solana's role as a high-performance layer for tokenized assets, real-time payments, and institutional DeFi, citing its speed, cost-efficiency, and regulatory acceptance. The partnership aims to strengthen Mercurity's blockchain finance operations while accelerating institutional adoption of Solana. Market analysts anticipate this could significantly boost Total Value Locked (TVL) across Solana's DeFi landscape, drawing parallels to Tesla's precedent-setting Bitcoin investments.
Unresolved details include the exact legal structure of Solana Ventures and specific staking volume projections. Nevertheless, the collaboration signals growing corporate confidence in Layer-1 blockchains and may establish a blueprint for fintech firms expanding into decentralized finance infrastructure.