Janover Announces Strategic Partnership with Kraken
Janover (Nasdaq: JNVR) has signed a non-binding Letter of Intent (LOI) for a strategic partnership with Kraken, a leading crypto exchange. Under the agreement, Kraken will delegate a portion of its current and future Solana (SOL) stake to Janover-operated validators. Kraken currently has over 4.5M SOL (approximately $500M) of delegation.
The partnership aims to strengthen Janover's role in supporting the Solana network while reinforcing its treasury strategy. The validator revenue from Kraken's delegation will help fund operations and enable Janover to build its SOL position over time. The partnership builds on existing relationships, as Janover's CEO Joseph Onorati previously served as Kraken's Chief Strategy Officer for nearly a decade.
Janover (Nasdaq: JNVR) ha firmato una Lettera di Intenti non vincolante (LOI) per una partnership strategica con Kraken, uno dei principali exchange di criptovalute. Secondo l'accordo, Kraken delegherà una parte della sua attuale e futura partecipazione in Solana (SOL) ai validatori gestiti da Janover. Attualmente Kraken detiene oltre 4,5 milioni di SOL (circa 500 milioni di dollari) in delega.
La collaborazione mira a rafforzare il ruolo di Janover nel supportare la rete Solana, consolidando al contempo la sua strategia di tesoreria. I ricavi derivanti dalla delega di Kraken ai validatori contribuiranno a finanziare le operazioni e permetteranno a Janover di incrementare la sua posizione in SOL nel tempo. La partnership si basa su rapporti già esistenti, dato che il CEO di Janover, Joseph Onorati, è stato in precedenza Chief Strategy Officer di Kraken per quasi un decennio.
Janover (Nasdaq: JNVR) ha firmado una Carta de Intención (LOI) no vinculante para una alianza estratégica con Kraken, un destacado exchange de criptomonedas. Según el acuerdo, Kraken delegará una parte de su actual y futura participación en Solana (SOL) a validadores operados por Janover. Actualmente, Kraken tiene más de 4.5 millones de SOL (aproximadamente 500 millones de dólares) en delegación.
La alianza busca fortalecer el papel de Janover en el apoyo a la red Solana, a la vez que refuerza su estrategia de tesorería. Los ingresos de los validadores provenientes de la delegación de Kraken ayudarán a financiar las operaciones y permitirán a Janover aumentar su posición en SOL con el tiempo. Esta colaboración se basa en relaciones previas, ya que el CEO de Janover, Joseph Onorati, fue Chief Strategy Officer de Kraken durante casi una década.
Janover (나스닥: JNVR)는 주요 암호화폐 거래소인 Kraken과 전략적 파트너십을 위한 구속력 없는 의향서(LOI)를 체결했습니다. 이 협약에 따라 Kraken은 현재 및 미래의 Solana (SOL) 지분 일부를 Janover가 운영하는 검증자에게 위임할 예정입니다. 현재 Kraken은 약 450만 SOL(약 5억 달러)을 위임 중입니다.
이번 파트너십은 Janover가 Solana 네트워크 지원 역할을 강화하고 재무 전략을 공고히 하는 것을 목표로 합니다. Kraken의 위임에서 발생하는 검증자 수익은 운영 자금을 지원하고 Janover가 시간이 지남에 따라 SOL 보유량을 늘리는 데 도움을 줄 것입니다. 이번 협력은 기존 관계를 기반으로 하며, Janover의 CEO Joseph Onorati는 이전에 거의 10년간 Kraken의 최고전략책임자(CSO)로 근무했습니다.
Janover (Nasdaq : JNVR) a signé une lettre d’intention (LOI) non contraignante pour un partenariat stratégique avec Kraken, une plateforme d’échange de cryptomonnaies de premier plan. Selon cet accord, Kraken délèguera une partie de sa participation actuelle et future en Solana (SOL) à des validateurs opérés par Janover. Kraken détient actuellement plus de 4,5 millions de SOL (environ 500 millions de dollars) en délégation.
Ce partenariat vise à renforcer le rôle de Janover dans le soutien du réseau Solana tout en consolidant sa stratégie de trésorerie. Les revenus générés par les validateurs grâce à la délégation de Kraken aideront à financer les opérations et permettront à Janover d’accroître sa position en SOL au fil du temps. Ce partenariat s’appuie sur des relations existantes, puisque le PDG de Janover, Joseph Onorati, a précédemment occupé le poste de Chief Strategy Officer chez Kraken pendant près d’une décennie.
Janover (Nasdaq: JNVR) hat eine unverbindliche Absichtserklärung (LOI) für eine strategische Partnerschaft mit Kraken, einer führenden Krypto-Börse, unterzeichnet. Im Rahmen der Vereinbarung wird Kraken einen Teil seiner aktuellen und zukünftigen Solana (SOL)-Bestände an von Janover betriebene Validatoren delegieren. Kraken hält derzeit über 4,5 Millionen SOL (ca. 500 Millionen US-Dollar) in Delegation.
Die Partnerschaft zielt darauf ab, Janovers Rolle bei der Unterstützung des Solana-Netzwerks zu stärken und gleichzeitig die Treasury-Strategie zu festigen. Die Validator-Einnahmen aus der Delegation von Kraken werden dazu beitragen, den Betrieb zu finanzieren und Janover ermöglichen, seine SOL-Position im Laufe der Zeit auszubauen. Die Partnerschaft baut auf bestehenden Beziehungen auf, da Janovers CEO Joseph Onorati zuvor fast ein Jahrzehnt lang Chief Strategy Officer bei Kraken war.
- Access to Kraken's substantial 4.5M SOL ($500M) delegation pool
- New revenue stream through validator operations
- Strategic positioning in Solana network infrastructure
- Opportunity to expand SOL treasury position
- Partnership based on non-binding LOI, not yet finalized
- Exact delegation amount and revenue potential not specified
BOCA RATON, FL, April 15, 2025 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) ("Janover" or the "Company") announced today the execution of a non-binding LOI for a strategic partnership with Kraken, one of the world’s leading crypto exchanges. Under the agreement, Kraken plans to delegate a portion of its current and future Solana (SOL) stake to Janover-operated validators. Today, Kraken has over 4.5M SOL (approx.
The partnership is intended to deepen Janover’s role in supporting the Solana network while reinforcing the company’s long-term treasury strategy. Validator revenue generated from Kraken’s delegation is expected to help fund operations and enable the Company to continue building its SOL position over time.
For Janover, the partnership also reflects a long-standing relationship between its leadership team and Kraken. Joseph Onorati, Janover’s CEO, spent nearly a decade at Kraken, most recently as its Chief Strategy Officer.
“Kraken has always been one of the most principled and mission-driven platforms in the crypto industry,” said Joseph Onorati. “After eight incredible years at the company, I’m thrilled we now get to work together again – this time as partners focused on pushing the crypto space forward.”
Further details regarding the agreement will be included in Janover’s upcoming regulatory filings.
About Janover Inc.
Janover Inc. (Nasdaq: JNVR) has adopted a treasury policy under which the principal holding in its treasury reserve on the balance sheet will be allocated to Solana (SOL). In adopting its new treasury policy, the Company intends to provide investors a way to access the Solana ecosystem. The Company’s treasury policy is expected to provide investors economic exposure to SOL investment.
We are an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions as well as value-add services to multifamily and commercial property professionals as we connect the increasingly complex ecosystem that stakeholders have to manage.
We currently serve more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders including more than
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) the effect of and uncertainties related the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
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FAQ
What is the value of Kraken's SOL delegation pool available to Janover (JNVR)?
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How does this partnership affect Janover's role in the Solana network?
