In a striking convergence of traditional finance and digital assets, hedge fund billionaire Ken Griffin has put his flag in the cryptocurrency landscape as well. He recently revealed a substantial stake in a company stockpiling Solana, one of blockchain’s most talked-about tokens.
Griffin, the founder and CEO of Citadel, disclosed a 4.5% ownership position in DeFi Development Corp. (DFDV), a Nasdaq-listed firm dedicated to accumulating Solana. According to SEC filings, Griffin personally controls over 1.3 million shares, while Citadel Advisors and its affiliates hold an additional 800,000 shares, which is approximately 2.7% of the company.
Wall Street’s Digital Asset Pivot Accelerates
The investment once again signals a deepening institutional inclination for cryptocurrency. DeFi Development has positioned itself as the second-largest Solana treasury company, holding approximately 2.2 million Solana tokens, valued at about $400 million. The firm employs a staking strategy that generates compound yields while supporting network security.
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Griffin’s move follows a broader Wall Street trend, with financial giants including BlackRock, JPMorgan Chase, and Fidelity expanding their digital asset operations. Citadel, managing roughly $65 billion across its funds, joins this institutional shift as Solana gains popularity as a faster and cheaper alternative to Ethereum for crypto trading and decentralized applications.
