Janover Inc. Embraces DeFi with New Leadership and Strategy
A group of former Kraken executives has taken over Janover Inc., steering the company towards decentralized finance (DeFi). The new team includes Joseph Onorati as Chairman and CEO, and Parker White as Chief Investment Officer and COO.
Marco Santori, Kraken’s ex-chief Legal Officer, joins the board. Blake Janover, the founder, and William Caragol, the Audit Committee Chair, will stay on. This shift marks a significant move for Janover.
The company is adopting a digital asset treasury strategy, focusing on Solana (SOL). They plan to buy and run Solana validators. These are blockchain nodes that secure the network and earn staking rewards.
By staking SOL and reinvesting the rewards, Janover aims to generate returns. This strategy is part of their transition from a customary lending platform to a SaaS business model.They will also rebrand as DeFi Growth Corporation.
Onorati sees this as a bridge between traditional and decentralized finance. White, with experiance as a Solana validator operator, will bring technical expertise. The existing leadership will support the transition.
